12. Career Planning and Development
1. Meaning of Career Planning
- Systematic process of matching individual aspirations, interests, and competencies with organisational needs and opportunities.
- Helps in defining career paths and growth options.
2. Objectives of Career Planning
- To retain talented employees.
- To provide growth opportunities.
- To align individual goals with organisational goals.
- To reduce turnover and absenteeism.
- To ensure availability of competent personnel for key positions.
3. Career Development Process
- Self-assessment (skills, interests, values).
- Career exploration (options within and outside the organisation).
- Goal setting (short-term and long-term).
- Action planning (training, education, experience).
- Implementation and review.
4. Role of Organisation in Career Development
- Providing clear career paths and job ladders.
- Conducting performance appraisals and feedback.
- Offering training, mentoring, and job rotation.
- Creating a culture of internal promotion.
- Supporting work-life balance and dual-career couples.
5. Career Development Strategies
- Job rotation and multi-skilling.
- Mentoring and coaching.
- Succession planning.
- Dual career ladders (technical and managerial).
- Sabbaticals and lateral moves.