IMPACT OF TRAINING AND DEVELOPMENT PROGRAM & ITS BENEFITS ON EMPLOYEES RETENTION AT PFIZER

Abstract

Purpose- The main aim of this research is to conduct a study to analyze the impact of training and development on employee retention at Pfizer. Methodology/sample- The study involved use of questionnaires filled by 180 respondents and financial data of Pfizer is taken for financial analysis. To analyze the data, Regression, ANOVA and Correlation tests were applied. The data is collected from primary source that is questionnaire. Findings- The findings from the research suggest that, training and development has a greater level of impact on employee retention activities. Different researches have already proved the relationship to be true and significant. Practical Implications- The outcomes of the research might help the Human resource decision makers, policy formulators and other related quarters to understand the impact of training and development activities along with the importance of employee retention and to understand the overall dynamics and mechanism of conducting and investing on it