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12 Importance of Career Planning and Development

(Last Updated On: April 15, 2021)

When the organization pays attention to the concept and importance of the career planning and development process for the employees, it brings benefits for employees and employers. In this article, I am going to talk about the importance of career planning and development.

The importance of viewing a career as a development stage is to fully focus on the career of an employee and the idea of ​​designing different sets of formal training, developmental functions as well as relationships at every stage is named Career Development.

Nowadays, the success of most organizations is realized through a team effort. The concept of career development denotes, high-performing companies have learned that intelligence, sharing, and collaborating in approaches and projects are able to bring the best results.

Related: Purposes, Benefits, and Objectives of Career Development Goals

According to a study in 2015, the turnover rate in the United States was recorded at 22 percent which is 16 percent of voluntary separation. For the most part, mentioned for this breakdown, personal and family problems are involved, but the promotional opportunity came in the second phase.

It is an example that attention to the concept and importance of career planning and development process is beneficial for employees and employers.

National Career Development Association’s National Career Development Day celebration reminds the organizations about the concept of career development as well as to identify the importance of career development to encourage organizations investing in more structured career development platforms.

Plan for succession, and success

A successful and definitely addressed career advancement plan is beneficial for both companies and employees. It is found that organizations that pay emphasis on the concept and importance of the career planning development process, do well in the long run.

They think that their organization is concerned about their growth. They also provide ways to reach the goals of a personal career while meeting the company’s mission through dealing with concepts of career development.

Concept of Career

Following is a list of Career Principles that make a clear concept of a career.

  1. Careers are a mode of life that can not be chosen, rather these are constructed.
  2. Careers are actually constructed by dint of a lot of bricks continuously throughout life, where a series of options make the choices about learning and work.
  3. It is important to make sure to manage transitions and lifelong learning for the active management of a career.
  4. A combination of subjective as well as objective measures of career attainment from the individual level makes the success of a career.
  5. Career Development is obviously a process of managing work and learning, that encompasses the whole life.
  6. Career development increases over time through lifelong learning.
  7. Personal maturation is related to career development.
  8. Career decision making transforms many times; it is made a lot of times all through the career.
  9. The competence and readiness of an individual lead to Career Maturity that resolves crucial career decisions.
  10. Employability is to increase opportunities at the individual level, by means of continuous development as well as active management.
  11. Job security has been replaced by employability security.
  12. Employability is a process that moves in a cyclical order.

Career Development Stages

An individual can be able to work differently to keep the time of his life. A sequence of positions held by a person during his career for the importance of a career development plan.

Career planning is not an event or, ultimately, it is not a process of human resources development.

The development of a person’s career is as follows-

1) Exploration: It was the end of most of the people in the mid-twentieth century when it shifted from college to work. It is at the pre-employment level. This is the time when there are many expectations about a person’s career.

2) Establishment:  At this stage, the person is trying to decide who is doing the work. It takes 10 years from the age of 25 years at this point of career.

During this stage, the person was nominated as junior in the initial stage and at this stage, he became a senior member of the organization.

3) Central career:  This is the most stressful stage of one’s career. Middle age starts at 35 years of age and ends at age 45.

There is no person at this stage.  The person wants to progress at this stage and seeks new goals in life. Those who make successful conversions at this stage get rewards in their late-career.

4) Last career: This time is most happy for those who continue their medieval fasting for them. This stage starts at 40 and ends at the age of 60 years. This is at a stage where a politician enjoys the status.

5) Rejection: At the end of this level, the person was forced to retire from the organization. When this stage is forced to move away from the illumination.

This stage of frustration for high achievers is because they have a habit of doing something and a pleasant time for the medieval. At this stage, a major change has been made in a person’s life because now the life structure of the person has changed completely.

Advantages of career progression

Career development and career progression program can reward both the organization and its staff. As we told, organizations paying serious attention to the concept and importance of the career planning development process, do well in the long run.

Advantages for employers

A successful strategy for employees with a well-defined job role is usually more dynamic when training workers to perform certain tasks.

Companies looking for the future are focusing on building their most valuable assets, career progress plans for their team. When employers prioritize the concepts of career development for their employees, the organization excels in the long run.

It is said that the lack of career advancement options, the lack of investment in professional development opportunities, and the failure to increase efficiency have resulted in problems of employee engagement, according to the importance of career planning in hrm.

So, handling issues like- concept and importance of employees’ career planning development process have a great outcome.

At the moment, job-hopping is increasing due to strong economies and workers, who have not been able to suspect anything like loyalty from employers, those usually don’t address the concept of career development for the employees.

Career uses a progress plan as a way to attract the top talent that fulfills the needs of the best companies in the class and the industry has the potential to grow.

Thus, the employer attracts highly skilled candidates who do not pay but only fill a cube for the company.

It puts employees and staff cuts in a level of confidence. Instead, employees feel encouraged to contribute to the organization, which increases the morale and profit growth drive.

The importance of Career Planning and Development is immense

Advantages for employees

Some of the benefits companies can offer to employees on career advancement plans include financial rewards, large job titles, educational and certification opportunities, work from home options, flexible working hours, and more.

All these benefits contribute to employee confidence and organizational motivation. When an employee feels valued, productivity, and effectiveness increase when fatigue, absence, and loss of a company’s morale decreases.

It raises questions on what a is career pathing, and how to enable a smooth career progression for the employees.

Organizations can provide customer success certification and career progress planning resources and concepts of career development. It is important to increase the scope of organizational education training and ensure that you have a plan and how to get started.

What is the career ladder?

Career Progress Program is known as the career ladder or career path. It is one of the basic concepts of the career development process.

These plans clearly outline an employee’s path, transferring vertically between their own organizations, transforming the company into new areas horizontally, or helping to define an employee’s journey by choosing a dual career path in an organization.

It is one of the crucial concepts for the organizations that pay the importance to career planning of the employees for their development process by dint of the role of HR in career-related management.

Importance of career planning and development

Concepts of career planning and career development have a great impact. There is the importance of career development, such as:

1. Career growth

Although this career-hoping mentality has become more common, the smart organization recognizes this tendency and reacts to strengthening the atmosphere of growth where employees are able to recognize existing profits and progression opportunities within the organization.

They help employees identify a path that can carry them through the completion of their career, knowing that when they employ an employee, they benefit the employee and the employer as a new employee as a profession and not just a job.

2. Keep pace with changes

Although the business environment is constantly experiencing negative changes such as financial degradation and reconstruction positions in low dominance, the need to improve productivity has also increased with the continuous dynamic changing technology.

Organizations, therefore, instead of hiring a new person from the market, prefer to promote their already existing staff to a specific position as they are not aware of organizational culture and need to be trained for the importance of professional development plans.

It requires employees to take care of the heritage of the caretaker and prepare them for future preparations and preparations for the future.

3. Meet current requirements

The organizational career development process is important for both the staff and the employer. Most obsolete and unwanted changes and consequences can change the whole scenario. In this situation, both employees and employers must be prepared to work with the changing environment and work accordingly.

Employees should properly upgrade their skills and abilities, where the current demands should be met and the organization must be prepared with the staff who can control the pressure efficiently and close the risk of the modified scene. Therefore, it is very important to understand the importance of career development for both parties.

4. Opportunity to learn new skills

One of the reasons for the success of the customer success or the pursuit of a career in investing in your company is that it exceeds most of the issues, offers excellent growth opportunities, professional development, and the opportunity to learn new skills.

Especially for CSMs, it is a great way to keep a clearly defined career progression plan, to ensure employees’ ideas, and to keep their morale high.

5. Make employees aware of open opportunities

For many young people, a significant achievement of their first real work. Yet they are usually positioned permanently for them, in which the position is simply not a target of remaining. Instead, the young person could move into his current company or field.

In some cases, he can plan to use his current work as a stepping stone in a new career or profession. The importance of developing a career for new employees is to make them aware of open opportunities and how they can achieve their job goals.

6. Attract top talent

Although the US has recently faced a harsh career market, employers in the competitive field must focus their efforts on top talent attraction. The traditional employment package that exceeds traditional compensation and benefits may be key to their success.

Studies have shown that chances and education opportunities for employees are influenced by their effective job offers when their effects are affected. Employees provide a greater commitment to their employer to provide increased opportunities as well as employees to their organization.

7. Gain a competitive advantage

A high level of strategic thinking and planning is needed to coordinate specific work training, employee development, and more complete career development plans; Such an overarching plan can not be expected to come from the employee.

In order to increase the employee’s position in their status, the training and development experiences are able to recognize the strong aspects and wide-ranging perspectives that enable them to meet organizational dominance and support organizational perspectives.

Although part of the organization may require some level of investment, understanding, and supporting career development, attracting organization’s ability to attract and retain high-skilled workers, is a combination that can be an organization-wide competitive advantage.

8. Job satisfaction

The required training courses and work-based development activities during working hours have reported higher job satisfaction and organizational commitments.

These results can be explained by the social exchange theory, which assumes that employees will work and work hard for the organization if the agency shows that employees take responsibility for the formation of their careers and evaluate them.

9. Employee evaluation

This is the evolution of thinking about employee performance improvement. Focus on improving the specific skills related to the specific skills that the employee is preparing for the employees in the current training of current training programs, employee development programs, skills, knowledge, and future positions of behavior; Career development includes both training and development.

10. Declined turnover of employee

Through organizational commitments, career development opportunities help employees maintain and thus close the business. It is a strong business decision when 150% of employees are paid salaries to the salaried employees while estimating the costs involved in replacing an efficient employee.

11. Control cost

Research by the Labor Statistics Bureau (2012), people aged 18 to 46 have an average of 11.3 jobs. Although it may be surprising to the older generation, where a person was common to start and finish the career of the same company, many employees see work-hopping as the best opportunity to earn jobs and components.

Especially in an environment where most of the economy is responsible for the reduction of the budget and the lack of budget for the development of the career, employees may think that the only way is to move.

12. Productivity and financial returns

Employers can increase employee productivity and financial income by investing in their employees through employee development.

Growth opportunities provided by an employer are related to higher job performance and low turnover, which are discussed above, contribute to high-quality products and prevent financial loss due to turnover.

Additionally, the proof describes a positive relationship between the organization and the financial performance, that spurs, and assists in continuous promotion and knowledge acquisition.

A career development wheel

Tailor a career progress plan

Successful career progress plans provide opportunities for additional training and other professional development opportunities.

Most of the mature plans require many resources, and there is a need to implement each program from start to finish, but it is easy to start, and your company can develop the plan over time.

There are three types of plans that can be picked up from a company, they are

  • Vertical plan
  • Horizontal plans
  • Dual career planning

(a) Vertical Carrier Progress Scheme

Vertical progress plans are usually available in large companies in the fields of technology, science, engineering, government, professional and vocational industries but in some industries, CSMs may find such plans attractive.

Vertical Progress Program Follow a “Get It, Reward” method, where an employee is promoted after successful work for a period of time.

Employees experience increased motivation and retention. Financial opportunities, more responsibilities, and greater chances are available.

Benefits to the company by maintaining a talent pool, feeding the following lines, and reducing financial losses. Keeping the right person in the right job from the beginning, hiring, recruitment, and training for recruitment go down.

(B) Horizontal Carrier Progress Scheme

Horizontal progress plans are usually found in people who support the “duty travel” approach to enabling large entities or developing their talents. They hire employees and turn them through various job functions for a period of time.

Work well for horizontal progress planning companies. In-house, talented workshops, they are able to carry on the employees side by side in the developmental workshop. Thus, the role of HR in career management is crucial.

This plan generally does not focus on the financial reward for an employee, but it is open to employees for efficiency/trade training, organizational awareness, confidence, and growth opportunities.

(C) Dual career development plan

A dual-career advancement plan increases employee responsibilities and motivation. This plan allows employees to maintain their skills set, maintain longevity in an organization, and earn a great job title with the importance of career planning in an organization.

It may give daily compensation or it can improve professional development opportunities, enhancement, benefits, and/or job title.

The company’s productivity gains while reducing costs.

Impact of Ignoring the career development process

The importance of career development has been changed by personal, but for many people, successful contributors among others, personal happiness, and financial security are important contributors.

When the staff ignores the development of their career, they can prevent themselves from finishing jobs, which are the best unsuccessful. In this case, a worker may suffer other areas of life.

When a person takes time to make a plan to meet career goals and to meet them, he often shows his job responsibilities and progresses toward progress.

For those who have been in workshops for some time or for those who have gone to workshops for a long time, the importance of career development may be a little different.

Job skills and even the entire career can be obsolete. Even an employee who is not the owner of higher management or his own business can benefit from his career counseling and professional planning.

By doing this, he can be aware of the trend of the industry that can compromise the security of his work and take steps to acquire his current skills or to acquire training in other areas to protect his future employment.

For those who came out of the workforce, support may be available through social service agencies as well as government jobs.

Career development myth

  • As an employer, the opportunities for growth, promotion, and educational training are not limited
  • As an employer, make career progress in place during the recruitment and run career development programs in organizations.
  • As a worker, you do not disengage without a discussion of what motivates you to career
  • Consider employers’ progress plans before taking professional advancement and job offers as an employee.

Take away

Many employers emphasize the importance of career development. These employers generally want their employees to be successful and to make progress in their employment and can provide services to employees who want to stay with the company while advancing in their case.

Regular career development programs in organizations is a good way to make sure career planning for the employees. The role of HR in the career management of the employees is inevitable.

Related: Skills Needed to be Successful in Life, Business and at Work

Employee career progression is also beneficial for employers.  These services can be provided through Human Resources Division and those employees who show a strong interest in the development of their career options can also be considered for the company’s work as well as for job placement.

Because organizations that should be present in technology, business practice, and the advancement of their industries should continue to be aware of the progress of workers.

The significant role of HR in career management makes sure to maintain a competitive edge in the market for the organization that accepts career development processes.

This is how an organization can meet the concept and importance of career planning and development process.

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