SUCCESSION MANAGEMENT AND ORGANIZATION PERFORMANCE
Abstract
The need for an organization to achieve its goal and objectives brought about the adoption of succession management in its management process. To this end, the study primarily was to assess the impact of succession management on organizational performance. This research adopted the survey research design as the study intended to measure respondents' opinions on the subject matter by quantifying their responses using data, which was analyzed statistically. Therefore, the total population figure for this study comprised 3000 employees at ELEGANZA Industries Ltd. The Yaro Yamane formula was used to draw a sample size of 353 employees in ELEGANZA Industries Ltd for the study. Data retrieved from this study survey was analyzed using descriptive analysis and statically package for social science (SPSS) was deemed suitable for confirming the study hypotheses because it helped to examine the strength of the relationship between the study variables. The study concluded that succession management have a direct effect on the performance of Organizations. The study therefore, recommends that Organizations should ensure that training and development programs are properly articulated and planned to achieve the objectives of the programs as well as align them with the organizations needs and growth. In addition, provision of feedback after every training and development programs should be put in place for employees to be aware of areas of deficiencies and how they can improve their performances on the job.
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