OSH Integration in Malaysian Supply Chains: A Stakeholder Engagement and Social Exchange Analysis for Enhanced Resilience

In pharmaceutical companies in Malaysia, employee retention is a huge responsibility for Human Resources Management. In today’s global economic landscape, many companies are moving towards globalization, and employees are more inclined to change organizations in search of better opportunities and growth. This has become a major concern, and retaining employees has been one of the competitive strategies because employees leaving the organization carry with them their skills and knowledge. The main focus of this study is to understand the factors that influence employee retention at pharmaceutical companies in Malaysia. The research objectives were to examine whether reward, career advancement, and manager engagement have a significant influence on employee retention in pharmaceutical companies in Malaysia. This is a correlation study focusing on the relationship between rewards, career advancement, manager engagement, and employee retention in pharmaceutical companies. This research was conducted in a natural setting in a non-contrived manner using non-probability convenience sampling. A questionnaire was distributed to 400 employees working for pharmaceutical companies in Malaysia, regardless of position. The validity and reliability of the questionnaire were checked, and responses were collected and analyzed via SPSS software. The analysis and research findings showed that rewards, career advancement, and manager engagement positively influenced the retention of employees in pharmaceutical companies in Malaysia. All independent variables show a significant beta coefficient, with a p value of 0.00 for rewards and career advancement and a p value of 0.001 for the manager’s engagement. The result supported the hypotheses and was accepted.