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Measuring the Success Metric for Effective Succession Planning: The Conceptual Perspective

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  • Muhamad Tasyrif Ghazali
  • Mazuri Abd. Ghani
  • Syamsul Azri Abdul Rahman

Abstract

This conceptual study aims to explore the evolution of succession planning by focusing on a systematic procedure and highlighting the instrument of success metric that influences succession planning effectiveness. There are several approaches to discuss the succession planning process and the effectiveness of the used methods. However, no single systematic process applies to the entire organization. Besides that, this research includes a literature review, focusing on key success metrics of succession planning. The metrics used to track succession planning effectiveness should be directly related to the organization’s strategic goal. Therefore, the metrics must be clearly defined and articulated as part of the organization’s formal succession plan. This study reveals three key success metrics of succession planning- (1) bench strength, (2) time-to-fill, and (3) talent turnover. A good success metric indication will allow a company to analyze the impact of a succession plan in retaining talent in the pipeline as a proactive strategy.

Suggested Citation

  • Muhamad Tasyrif Ghazali & Mazuri Abd. Ghani & Syamsul Azri Abdul Rahman, 2022. "Measuring the Success Metric for Effective Succession Planning: The Conceptual Perspective," International Journal of Human Resource Studies, Macrothink Institute, vol. 12(1), pages 4255-4255, December.
    • Handle: RePEc:mth:ijhr88:v:12:y:2022:i:1:p:42-55
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    References listed on IDEAS

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    1. Zulqurnain Ali & Aqsa Mehreen, 2018. "Understanding succession planning as a combating strategy for turnover intentions," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 16(2), pages 216-233, November.
    2. N/A, 1990. "Entrepreneurship Theory and Practice," Entrepreneurship Theory and Practice, , vol. 15(1), pages 36-36, October.
    3. Muna Al Suwaidi & Fauzia Jabeen & Agata Stachowicz-Stanusch & Matthew Webb, 2020. "Determinants Linked to Executive Succession Planning in Public Sector Organizations," Vision, , vol. 24(3), pages 284-299, September.
    4. Jackson, Nicole C. & Dunn-Jensen, Linda M., 2021. "Leadership succession planning for today’s digital transformation economy: Key factors to build for competency and innovation," Business Horizons, Elsevier, vol. 64(2), pages 273-284.
    5. Wendy C. Handler, 1990. "Succession in Family Firms: A Mutual Role Adjustment between Entrepreneur and Next-generation Family Members," Entrepreneurship Theory and Practice, , vol. 15(1), pages 37-52, October.
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    1. Rafee I. Tunde OLAGUNJU & Issa ABDULRAHEEM Ph.D & Zekeri ABU Ph.D & Abdulazeez Alhaji SALAU Ph.D, 2022. "Succession Planning and Sustainability of Family Owned Businesses in Lagos State," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(12), pages 285-291, December.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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