The Relationship between Compensation Components and Employee Retention among Medical Representatives of Pharmaceutical Sector Dr. Mishra Mridula*, Chanchal**, Garg Kanika*** * Professor, School of Business, Lovely Professional University, Phagwara, Punjab, India ** Ph. D. Scholar, School of Business, Lovely Professional University, Phagwara, Punjab, India *** Ph. D. Scholar, School of Business, Lovely Professional University, Phagwara, Punjab, India Online published on 28 July, 2016. Abstract Compensation is the main component of a human resource management and if the Compensation system is designed and communicated properly then it motivates employees to perform better (sawyer, 2011). The study examines the relationship between Compensation Components and Employee Retention. The purpose of the study is to know which Component of Compensation (Basic Salary, Benefits, and Incentives) is more important for Employee Retention in Pharmaceutical sector. The data collected from119 respondents working in MNC's and non MNC's Pharmaceutical Companies. The study found that there is a significance relationship between Compensation Components and Employee Retention(Butt, 2008 and Hong, et.al, 2012)and Incentives are most important Component of Compensation for Employee Retention. Top Keywords Compensation components, Employee Retention, Pharmaceutical Sectors. Top |