The effect of perceived organizational support on retention of talent at Government-Linked Companies (GLC’s)

Abstract

This study aims to examine the impact of talent management practices on employee retention in Malaysian GLCs. A digital talent survey by the Strategic Change Management Office (SCMO) and the Social Economic Research Initiatives (SERI) revealed that key tech roles, including Big Data Analytics, Data Science, Cybersecurity, Artificial Intelligence, and Cloud Computing, often remain unfilled for over three months. The study examines the relationship between perceived organizational support and employee retention. Data were collected from 164 employees through questionnaires, and the research hypotheses were tested using the Partial Least Squares Structural Equation Modeling (PLS-SEM) technique. The findings indicate a positive relationship between perceived organizational support and employee retention. Retaining talent is essential for GLCs to achieve long-term sustainability, as effective employee retention contributes significantly to organizational stability, profitability, and overall development. Retaining talent in this century is very challenging and employers in  this context need to play a crucial role , they need to emphasize those potential talent and identifying several approach it means exploring and conducting initiatives to retain employees and assessing employees’ preferences, intrinsic and extrinsic factors, such as  interesting and satisfying work, opportunities for education, self -development and career progression, fair working conditions, a sense of self -realization, and competitive performance -based remuneration, are essential to retain the talents.