Workforce Planning and Succession Strategies: A Comparative Analysis of Public and Private Sector Leadership Development in Nigeria a of study Rivers State Housing and Property Development Authority
Publication Date : 14/10/2024
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Abstract :
This study examines workforce planning and succession strategies in public and private sector leadership development, focusing on the Rivers State Housing and Property Development Authority (RSHPDA). The research aims to assess the effectiveness of current workforce planning practices in RSHPDA, identify the challenges in implementing succession strategies, and recommend improvements for sustainable leadership development.The theoretical framework is grounded in Human Capital Theory, which emphasizes the importance of investing in employees' skills and abilities to enhance organizational productivity and sustainability. Applying this theory to RSHPDA and private sector counterparts reveals how investing in leadership pipelines can address challenges such as retirement and skill gaps, ensuring long-term organizational success. A qualitative methodology was employed, using comparative analysis to evaluate workforce planning and succession strategies in RSHPDA and the private sector. Data was gathered from relevant literature, reports, and organizational processes, including strategic alignment, adaptability, employee engagement, and leadership development. Thematic analysis was conducted to synthesize findings. Key findings show that RSHPDA’s workforce planning is hindered by bureaucratic structures and lacks strategic alignment, unlike the private sector, which utilizes dynamic practices. Succession strategies in RSHPDA are challenged by political patronage, a lack of formal processes, and insufficient training programs. Recommendations include implementing a strategic leadership development plan, enhancing training and mentorship initiatives, and leveraging technology to improve leadership development. These strategies aim to ensure sustainable organizational continuity in RSHPDA’s workforce and leadership practices, addressing both current inefficiencies and future leadership challenges. Keywords:Workforce Planning, Succession Strategies, Leadership Development, Human Capital Theory
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