Analysis of factors influencing employee turnover for effective succession planning

Succession planning concerns selection of talented employees inside the organization to replace senior manager/s, who leave the organization due to retirements or reassignment. The researcher has made an effort to understand and develop an insight into present succession planning system in banking industry of India. The researchers intention includes the assessment of factors, which influences the employee to leave the present organization. Hence, this research in banking sector caters to the future developments in succession planning by analysing factors, which are highly influencing. So, as to give the succession planning a visibility to the aspiring young talented employees in the organization. A survey research have been done among the bank employees in the Coimbatore district and the implication of the research brought out some of the factors like Respect & Career growth, Better Benefits & Autonomy that are highly influencing factors for employee's turnover. This research would help employees to give some specific visibility (or) oppurtunities to the aspiring employees to determine their succession choices.