Employee Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Employee Development and Social and Economic Exchange as Predictors

Abstract

In Indonesia, the role of employee retention has been enhancing day by day especially in the pharmaceutical firms; therefore, there is a need to make investment in the development of the employee to increase the firm’s productivity. The main motive of the following research is to indicate the impact of perceived investment in employee development on employee retention whereas the social and economic exchange play a great role as mediating variables in the employee retention of the pharmaceutical firms in Indonesia. The data in the following research has been gathered through the 316 frontline employees of various pharmaceutical firms. The collected data has been analyzed through many tests and techniques including SEM and CFA that are majorly applied with the help of SPSS and AMOS. Moreover, the overall summary of the results showed that the entire formed hypothesis had been accepted. It means that the perceived investment made in employee development has a positive impact on employee retention. Additionally, the novelty of the research study is also important which indicates that investment in employee development could be an informational resource for the organization in improving the working attitudes of their employees and increasing the profitability of the company. The following research study also has various implications as it has provided directions to the pharmaceutical companies to improve the working attitudes and productivity level of their employees. How to Cite this Article Pubmed Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as SRP. 2020; 11(1): 564-572. doi:10.5530/srp.2020.1.70 Web Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as http://www.sysrevpharm.org/?mno=86267 [Access: March 30, 2021]. doi:10.5530/srp.2020.1.70 AMA (American Medical Association) Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as SRP. 2020; 11(1): 564-572. doi:10.5530/srp.2020.1.70 Vancouver/ICMJE Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as SRP. (2020), [cited March 30, 2021]; 11(1): 564-572. doi:10.5530/srp.2020.1.70 Harvard Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan (2020) Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as SRP, 11 (1), 564-572. doi:10.5530/srp.2020.1.70 Turabian Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. 2020. Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as Systematic Reviews in Pharmacy, 11 (1), 564-572. doi:10.5530/srp.2020.1.70 Chicago Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Employee Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as Predictors. Systematic Reviews in Pharmacy 11 (2020), 564-572. doi:10.5530/srp.2020.1.70 MLA (The Modern Language Association) Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan. Employee Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as Predictors. Systematic Reviews in Pharmacy 11.1 (2020), 564-572. Print. doi:10.5530/srp.2020.1.70 APA (American Psychological Association) Style Ahyar Muhammad Diah, La Ode Hasiara, Ramli, Muh. Irwan (2020) Retention of Pharmaceutical Firms in Indonesia: Taking Investment in Development and Social and Economic Exchange as Systematic Reviews in Pharmacy, 11 (1), 564-572. doi:10.5530/srp.2020.1.70