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Other major reasons for this concern are:. Purpose and Benefits of Career Development: 3. Reduces attrition of employees:. Provides equal opportunity employment:. Improves the use of the employees:. Improves the quality of the work-life of employees:. Improves the organization itself:. Increases the skill of the employees:. Importance of Career Development: 4. Cost Reduction Strategies of the Organization:. Economic Downsizing:. IT Innovations:. Stages of Career Development: 5.
More things…. Maintenance: 5. The decline is the Last stage:. Meaning, Definition, and Importance of Career Development. Read Full Article. View Comments Hi my loved one! I'd like to see extra posts like this. What's up, just wanted to tell you, I enjoyed this post. It was helpful. Keep on posting! Leave a Comment. Recent Posts. By ilearnlot. By Admin. By doing this, he can be aware of industry trends that may compromise the security of his job and take steps to sharpen his current skills or acquire training in other areas so as to secure his future employment.
For those who have been out of the work force, assistance may be available through social service agencies as well as public employment services. Many employers also place a great deal of emphasis on the importance of career development. These employers typically want their employees to succeed and progress in their employment and may provide services to employees who wish to remain with the company while also advancing in their field.
These services may be provided through the human resources department, and those employees who demonstrate a strong interest in developing their career options may be more likely to be considered for promotion within the company as well as choice job assignments. Lainie Petersen. According to a study conducted by the Bureau of Labor Statistics , individuals hold an average of While this may be surprising to older generations where it was common for someone to begin and end a career at the same company, many employees see job-hopping as the best opportunity for growth and material gain.
Particularly in an environment where the economy has been blamed for a number of pay freezes and lack of budget for career development, employees may feel like the only way to move up is to move on. Although this job-hopping mentality has become more common, smart organizations recognize this trend and take counteractions to foster an atmosphere of growth where employees are able to recognize the opportunities for gain and advancement that exist within the organization. This is the evolution of thinking about improving employee performance.
The combination of specific job training, employee development, and a more complete career development plan requires a high level of strategic thinking and planning; such an overarching plan cannot be expected to come from the employee. It takes strong direction and broad perspective to be able to recognize what training and developmental experiences are necessary for employees to grow in their positions so that they fit in the organizational hierarchy and support the organizational vision.
Because organizations have to stay current in technology, business practices, and in advances in their industry, an organization that embraces career development processes can keep employees informed of advancements and maintain their competitive edge in the market.
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