Abstract:
The contemporary business environment is characterized by competition, with organizations encountering challenges related
to employee retention, irrespective of their size or sector. Effective talent management is essential for organizations to acquire
the requisite skills and expertise to fulfill their operational requirements. Retention of skilled employees is essential for
maintaining competitive advantages. This research investigates the impact of talent management practices on employee
retention in pharmaceutical companies located in Nairobi County, Kenya. Theoretical frameworks encompass resource-based
view theory. The research focused on 58 agrochemical firms registered with the Agrochemicals Association of Kenya,
specifically targeting management-level employees, amounting to a total of 324 individuals. The sample size of 179
respondents was calculated using the Krejcie and Morgan formula, employing stratified random sampling. Data collection
utilized structured questionnaires, while quantitative analysis incorporated inferential and descriptive statistics, including
means, standard deviations, frequencies, and percentages. Correlation analysis evaluated the relationship between talent
development and employee retention, whereas multiple regression determined the effect of talent management practices. The
research indicates that talent development has a positive impact on employee retention within pharmaceutical firms located
in Nairobi County. Recommendations involve enhancing talent development strategies and cultivating a supportive work
environment to improve employee retention rates.
