• Corpus ID: 11931565

Identifying the Important Factors Influencing the Implementation of Succession Planning

@inproceedings{MehrabaniIdentifyingTI,
  title={Identifying the Important Factors Influencing the Implementation of Succession Planning},
  author={Shadi Ebrahimi Mehrabani and Noor Azmi bin Mohamad}
}

• S. Mehrabani, Noor Azmi bin Mohamad
• Business

There are many factors which cause instability in an organization’s workforce. Some of these factors are illness, retirement, attrition or finding better jobs. Considering this unstable environment and in order to create stability for the future of the organization, they need to hire capable people for key positions. One of the important tools for attracting, developing, and retaining the talent in the workforce is succession planning. There are many factors influencing the implementation of an effective succession planning system in organizations. The main purpose of this qualitative study is to find the most important ones in Iran’s private Banks. The result of interviews with five key executives in five private banks in Esfahan – the second largest city in Iranwhich all have the succession planning system in their organizations, indicate the factors as: training, management supports, clarifying the career path, creating a positive vision, strong organizational culture, technology advancement, flat structure and the financial conditions. While the lack of considering these factors is a threat to the system, the result of this study may help other organizations to consider implementing the succession planning system for better outcomes.