Examining Factors to Retain Human Talent in Oil and Gas Industry

Retaining qualified employees is one of the important arena that organizations need to consider as employees are the most crucial resources in today's world. Organizations are constantly taking up strategies to motivate and improve their manpower to improve service quality. This research aims to examine the factors that influences the employees attrition rate to create sustainable workplace job satisfaction within the Oil and Gas service providers in Federal Territory of Labuan, Malaysia, using the Berry (1981) Model and Dyala, Kamal, Petra, Sherrihan, and Suleiman (2013) Model as the guiding principle. While global oil price is falling, it might be an issue for employees to be warned for job retrenchment. This research discusses about implications of internal marketing tools such as employee extrinsic reward, employee intrinsic reward, leadership, training and development, and employee satisfaction to employee retention. Respondents are selected on the basis of simple random sampling to response the 48 items in the survey questionnaire.