AN INVESTIGATION OF THE IMPACT OF TALENT MANAGEMENT, EMPLOYEE ENGAGEMENT, AND EMPLOYEE SATISFACTION ON EMPLOYEE RETENTION IN MALAYSIA INDUSTRIES

Abstract

This research project investigates the dynamics of employee retention within the framework of Malaysian industries, by evaluating the influence of three potential determinants – talent management, employee engagement, and employee satisfaction. In this study, online questionnaires were deployed via Google Forms, and the survey link was distributed to 101 respondents via social media platform. The convenience sampling technique, which is a type of non-probability sampling method was employed. Surprisingly, the findings revealed that while employee satisfaction and engagement played a pivotal role in enhancing employee retention rates, talent management strategies did not manifest a significant relationship. This insight contradicts prevalent notions that talent management directly correlates with retention. The study's outcomes suggest a need for Malaysian industries to recalibrate their HR strategies, placing emphasis on ensuring employee well-being and active engagement in their roles rather than solely focusing on talent management protocols. This research serves as a beacon for organizations aiming to optimize their workforce stability in a competitive market.