SUCCESSION PLANNING AND EMPLOYEE RETENTION; A LITERATURE REVIEW
Abstract
Organizations in the world over are facing a talent crunch. In the current competitive era, this has put pressure on HR managers to attract, develop and ensure that the best talent stay. This review examined the array of literature available in the local context about succession planning and employee retention. The review revealed that there is a positive and significant relationship between Succession Management Practices and Employee Retention. It is clear therefore that, Succession management practices should always be considered as a key component and outcome of strategic human resource management for enhanced employee retention and performance. Organizations should consider Succession management practices as core HR practices if they are to retain their employees. The study recommended a longitudinal research for an in-depth examination of the succession Management Practices and employee retention.
Key words: Succession Planning, Employee Retention
CITATION: Mwabali, A. O., & Egessa, R. (2021). Succession planning and employee retention; A literature review. The Strategic Journal of Business & Change Management, 8 (1), 863 – 877.
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DOI: http://dx.doi.org/10.61426/sjbcm.v8i1.1955
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