Examining the factors contributing to employee retention of BEXIMCO Pharmaceuticals: The case study on HR Department of BEXIMCO Pharma

Abstract

Based on the analysis of survey data which have been collected from the employees of BEXIMCO Pharmaceuticals Ltd I have examined the factors that affect retention of employees in an organization particularly in pharmaceutical company. This survey is designed by following a mixed method that includes both quantitative and qualitative data for evaluating those factors viz. career development, work-life balance, job security, leadership of the supervisor and retention and a positive relation has been observed between the factors and retention. However, benefits and compensation are not discussed to maintain confidentiality of company information. Analysis of the factors decipher that the company must encourage their employee to improve job satisfaction through proper recognition strategy to retain them and by alleviating which create dissatisfaction.