Succession management practices and employee retention in the property industry: evidence from Malaysia

Abstract

The purpose of this study is to identify the relationship between succession management practices and employee retention in the property industry in Southern Malaysia. The independent variables of this study are career planning programs, mentoring and coaching and job rotation while the dependent variable is employee retention. The research design of this study is using quantitative and cross-sectional approach. Online survey questionnaire was employed to collect data and yielded 397 responses. The findings revealed that career planning programs, mentoring and coaching and job rotation were significantly related to employee retention. This research is able to provide essential information for companies in the property industry to increase understanding on employees’ career needs and implement effective employee retention strategies to retain talented workforce. It further assists organizations to integrate their succession management practices with employee retention efforts to ensure talents remain in the organization to succeed succession management plan.