Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Before we try to understand the reasons of work & life imbalance, we need to understand what perceptions do various people have about the work-life balance priorities and how they strive for attaining a harmonious balance between their personal life and work life. The causes of work-life balance could be many such as tedious and […]
A comprehensive training programme involves the systematic development of various competencies and facilitating the development of the knowledge, skills and attitude required by the employees at work. It includes specific interrelated and interdependent steps which progress systematically for getting the desired outcomes from the training & development efforts. Understanding Organization’s Aims and Objectives The systematic […]
Stress Affects All Leading to Reduced Productivity and Loss of Person Hours It is commonplace these days for professionals and workers alike to complain about excessive stress due to their work and due to myriad other personal and professional commitments. Indeed, stress is something that all of us experience on a daily basis. Whether it […]
The Case for the Importance of the HRM Function even in Recessionary Times In these recessionary times, it is tempting for the companies to cut the budgets of the HRM function and focus on cost control and trimming as a means of profitability. Further, with the squeeze on hiring by many companies, one of the […]
Excessive Executive Pay is the Problem In recent years, the topic of excessive executive pay has been at the forefront of efforts to promote good corporate governance. This is because there have been understandable and genuine concerns about this aspect, which is leading to, some effects on the governance structures of companies. For instance, the […]
Career development has become primary activity of organizations in order to create a pool of talented employees as well as enhance their career satisfaction. Along with this, it is also considered as an organized and planned process to improve the efficiency of organization.
In common terms, we may look upon it as an effort to strike a balance between organizational workforce requirements and individual career needs.
Employees have their own personal desires and aspirations and need to effectively utilize their personal skills to attain their career goals and objectives. On the other hand, organizations have needs for staffing and meeting present and future human resource requirements.
A career development system is a mechanism that takes both the parties in to consideration and helps them meet their requirements as well as objectives.
Objectives of Career Development Systems
It promotes communication at all levels of organizations for example manager and employee and managers and top management. Proper communication is the lifeblood of any organization and helps in solving several big issues.
A career development system can be very effective in creating a supportive culture in the organization and help employees grow and utilize their skills to achieve their desires and aspirations related to their career. Both organization and employees can meet their goals simultaneously.
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