EFFECTS OF TALENT MANAGEMENT ON EMPLOYEE RETENTION: AN EMPIRICAL INVESTIGATION ON MANUFACTURING ORGANIZATION OF PAKISTAN

Abstract

Purpose: The purpose ofthe current study is to analyze the impact oftalent management strategies on the employee retention in the manufacturing organization ofPakistan. Different talent management strategies i.e. Training and Development, Recruitment and Selection, Performance management and compensation are considered to analyze the employee retention. Methodology: The nature of research is explanatory and based on the deductive approach. Primary data collected through questionnaire survey as a research instrument from a sample of 225 employees in manufacturing organization. Out of 225 survey, 215 surveys are received with duly filed and completed information. The collected data is then analyzed with the help of statistical analysis with the help of SPSS software. was Findings: The findings ofthe result indicates that all ofthe variables associated with talent management strategies have positive and significant relationship with employee retention. Performance management system is identified as the most effective variable which impacts the rate of employee retention in manufacturing sector. Implications: The results of the current research will be beneficial for the management of manufacturing sector. Moreover, the results can be applied to other organizations as these talent management strategies will be constant across all sectors. With the help ofthis research, the management of the organization will identify the most effective talent management strategies to retain their topmost talent.