Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning

Succession planning is becoming a focus point for discussion in business world as very few organisations are prepared with their successors for occupying the position as and when it is needed. With special reference to Indian pharmaceutical companies, where talent is critical and rare in nature, th...

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Autores principales:	Poonam Jindal, Mohsin Shaikh
Formato:	article
Lenguaje:	EN
Publicado:	Universiti Sains Malaysia 2021
Materias:	succession planning talent management strategies internal labour market theory structural equation modelling talent retention Business HF5001-6182
Acceso en línea:	https://doaj.org/article/86a1ebaa7dae481cb2b79efaf7032d8d
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spelling	oai:doaj.org-article:86a1ebaa7dae481cb2b79efaf7032d8d2021-12-03T01:52:52ZTalent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning10.21315/aamj2021.26.2.61394-26032180-4184https://doaj.org/article/86a1ebaa7dae481cb2b79efaf7032d8d2021-12-01T00:00:00Zhttps://ejournal.usm.my/aamj/article/view/159https://doaj.org/toc/1394-2603https://doaj.org/toc/2180-4184 Succession planning is becoming a focus point for discussion in business world as very few organisations are prepared with their successors for occupying the position as and when it is needed. With special reference to Indian pharmaceutical companies, where talent is critical and rare in nature, this becomes a more crucial requirement. This paper, by integrating theory of Internal Labour Market (ILM), deals with the relationship among talent identification (TID), talent development (TD), talent retention (TR), and succession planning in Indian pharmaceutical companies. A survey method was used for collecting the response of senior level managers of pharmaceutical companies located in Hyderabad, India, and the hypothetical model and structural relationships were tested via structural equation modelling (SEM). The findings of the research present that TR plays a role of mediator in the relationship of TID, TD and succession planning in organisations. This study helps pharmaceutical companies to be future ready for succession planning by using their regular talent management strategies skilfully. This study beautifully develops an empirical relationship between TID, TD, and succession planning with the mediating effect of TR. Research also brings out the theoretical importance of ILM theory. This, as per best of researchers’ knowledge, was not presented in earlier research on talent management or on succession planning. Poonam JindalMohsin ShaikhUniversiti Sains Malaysia articlesuccession planningtalent management strategiesinternal labour market theorystructural equation modellingtalent retentionBusinessHF5001-6182ENAsian Academy of Management Journal, Vol 26, Iss 2 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	succession planning talent management strategies internal labour market theory structural equation modelling talent retention Business HF5001-6182
spellingShingle	succession planning talent management strategies internal labour market theory structural equation modelling talent retention Business HF5001-6182 Poonam Jindal Mohsin Shaikh Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
description	Succession planning is becoming a focus point for discussion in business world as very few organisations are prepared with their successors for occupying the position as and when it is needed. With special reference to Indian pharmaceutical companies, where talent is critical and rare in nature, this becomes a more crucial requirement. This paper, by integrating theory of Internal Labour Market (ILM), deals with the relationship among talent identification (TID), talent development (TD), talent retention (TR), and succession planning in Indian pharmaceutical companies. A survey method was used for collecting the response of senior level managers of pharmaceutical companies located in Hyderabad, India, and the hypothetical model and structural relationships were tested via structural equation modelling (SEM). The findings of the research present that TR plays a role of mediator in the relationship of TID, TD and succession planning in organisations. This study helps pharmaceutical companies to be future ready for succession planning by using their regular talent management strategies skilfully. This study beautifully develops an empirical relationship between TID, TD, and succession planning with the mediating effect of TR. Research also brings out the theoretical importance of ILM theory. This, as per best of researchers’ knowledge, was not presented in earlier research on talent management or on succession planning.
format	article
author	Poonam Jindal Mohsin Shaikh
author_facet	Poonam Jindal Mohsin Shaikh
author_sort	Poonam Jindal
title	Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
title_short	Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
title_full	Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
title_fullStr	Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
title_full_unstemmed	Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning
title_sort	talent retention: a mediator of the relationship between talent management strategies and succession planning
publisher	Universiti Sains Malaysia
publishDate	2021
url	https://doaj.org/article/86a1ebaa7dae481cb2b79efaf7032d8d
work_keys_str_mv	AT poonamjindal talentretentionamediatoroftherelationshipbetweentalentmanagementstrategiesandsuccessionplanning AT mohsinshaikh talentretentionamediatoroftherelationshipbetweentalentmanagementstrategiesandsuccessionplanning
_version_	1718373942646800384

Talent Retention: A Mediator of the Relationship Between Talent Management Strategies and Succession Planning

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