This paper investigates the role of Human Resource Policy (HRP) on the retention of employee in pharmaceutical companies in central region of India. In the rapidly changing management scenario, human resource management has an important role in the overall performance of companies. Recognizing these challenges of the organization has created the need for fundamental advances in human resource management. The present study involve a detailed study on human resource policy and their effect on employee job retention in small scale pharmaceutical industry, study also highlights the strategic manpower planning of enterprises, training and development programme, performance appraisal etc. This paper also suggests certain possible solution to this problem.
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