Unlocking the Keys to Employee Retention: Insights from Bibliometric Analysis and Systematic Review in the Indian Pharmaceutical Sector

In today’s competitive labor market, the significance of employee retention cannot be overstated, as it directly impacts the retention of talented individuals. This study underscores the importance of compensation, job satisfaction, and work-life balance in influencing employee retention via extensive secondary data analysis. It also addresses a gap in HR research by conducting a comprehensive bibliometric analysis of 1,071 research papers published between 1970 and 2022, utilizing the Scopus database. The analysis reveals the increasing prominence of employee retention as a research topic and identifies the top journals in this field. Furthermore, the study provides valuable insights for researchers and practitioners interested in employee retention, including influential journals, authors, and countries. Additionally, employee turnover poses a substantial financial burden for organizations, leading to productivity losses and knowledge management disruptions. While there are systematic reviews of employee retention factors across various sectors, this study focuses on the Indian pharmaceutical industry. Using the PRISMA protocol, the paper identifies vital employee retention factors through an exhaustive review of empirical research. The findings are valuable for future researchers developing their constructs and pharmaceutical sector managers designing effective retention strategies. These two studies collectively enhance our understanding of employee retention, its critical role in achieving business goals, and its specific dynamics in the Indian pharmaceutical sector.