Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Introduction In recent years, organizations in all sectors have been aggressively working towards a concept called diversity of workforce. When you see a job posting that talks about equal opportunity, you might be wondering what it is all about. To put it simply, diversity in employment means that the employer is actively pursuing what can […]
Work is no longer what it used to be a couple of years back. The ever rising influence of social media and intensifying talent war have completely changed how employers are perceived. It has altered the way people seek and engage in the jobs that employers offer. In addition, the inclusion of millennials in the […]
What is Second Chance Hiring and why it has emerged as a Trend in the Present Times? We consider it an axiom that once someone is fired from a job or has done time in prison or otherwise, have a bad or blotted record, then chances of such people finding jobs is difficult and almost […]
Meta, Tesla, Twitter, and Amazon Layoff Thousands! Is The Tech Party Over? First it was Meta, and now it is Tesla and Twitter. Now Amazon and other Tech firms are laying off staff in the thousands. So, does this mean that the party is over for Tech firms and what does this mean for the […]
Organizations work towards the achievement of their mission and strategic objectives. This requires a thorough understanding of the resources required for achieving the same. Resources here imply financial and non financial both and they are equally important and interdependent. Technically these resources have been divided into two, non contingent and differentiating capabilities. Whereas non contingent […]
A career development system includes a variety of components for use in the organizations.
In order to increase the efficiency of the system, the HR mangers must have complete knowledge about these tools since they play a role of consultant when employees and supervisors use this system. Plus, they are responsible for designing and developing an effective career development system for their organization.
Some activities or components are known as individual career planning tools while some are used for organizational career management.
To achieve greater efficiency, most organizations use a right combination of both types of activities.
Let us understand these tools and activities to learn in-depth about career development system:
It allows them to receive feedback from others and check the reality of their plans and aspirations. They may change their plans if they find them unrealistic and move in new direction.
Some organizations hire them from outside while some have their own full fledged departments where they recruit and hire trainers for full time. It helps employees in understanding their own goals, making a change in them if required and working on improving their skills and competencies.
Johnson & Johnson is one company that uses these programs to assess the careers of their employees and evaluate their potential in order to facilitate the staffing and development of special teams known as “tiger teams”. These special teams are formed to speed up the development of new products. The most popular programs under this category include assessment centers, psychological testing, 360 degree appraisal, promotability forecasts and succession planning.
In addition to these programs, there are several other components of a career development system such as career programs for special target groups, fast-track or high potential employees, supervisors, senior-level employees, women, technical employees, minorities and employees with disabilities, etc.
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