Career development & planning
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Career development involves five stages from exploration to decline according to the document. Succession planning is the process of identifying and developing new leaders to replace those who leave or retire. It ensures business continuity. Career planning is the process of self-evaluation and planning to have a strong career path through setting goals and developing skills. It helps employees develop strategies for work-life balance by exploring options and making informed decisions. The document outlines the objectives, process, actions and suggestions for effective career development.
Career development & planning
- 1. CAREER DEVELOPMENT & PLANNING DR. LAXMIKANT N. SONI NET (COMMERCE), SET (COMMERCE), NET (MANAGEMENT)
- 2. CAREER ? A Career is a sequence of positions held by a person during the course of a life time. It comprises of a series of work related activities that provide continuity, order, and meaning in a person’s life. Career is a sequence of attitudes and behaviors associated with the series of job and work related activities over a person’s lifetime. A career may be defined as ‘a sequence of jobs that constitute what a person does for a living’. Dr. L. N. Soni 2
- 3. CAREER STAGES 1. Exploration Stage: This is the stage where an individual builds expectations about his career. Some of them are realistic and some are not. But the fact is that these could be a result of the individual's ambitions. 2. Establishment Stage: This could be at the stage where the individual gets his first job, gets accepted by his peers, learns in this job, and also gains the first tangible evidence of success or failure. The establishment/advancement stage tends to occur between ages 25 and 44. In this stage, the individual has made his or her career choice and is concerned with achievement, performance, and advancement. This stage is marked by high employee productivity and career growth, as the individual is motivated to succeed in the organization and in his or her chosen occupation. Opportunities for job challenge and use of special competencies are desired in this stage. The employee strives for creativity and innovation through new job assignments. Employees also need a certain degree of autonomy in this stage so that they can experience feelings of individual achievement and personal success. Dr. L. N. Soni 3
- 4. 3. Mid-Career Stage: The individual's performance levels either continue to improve, or levels, or even declines. 4. Late Career: This is regarded as a pleasant phase, where one is allowed to relax and play the role of an elderly statesman in the organization. 5. Decline: The stage, where the individual is heading towards retirement. Dr. L. N. Soni 4
- 5. SUCCESSION PLANNING Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. “Replacement planning" is the heart of succession planning. Succession planning is a strategy for passing on leadership roles—often the ownership of a company—to an employee or group of employees. It ensures that businesses continue to run smoothly after a company's most important people move on to new opportunities, retire, or pass away. Dr. L. N. Soni 5
- 6. BENEFITS OF SUCCESSION PLANNING Employees know that there is a chance for advancement and possibly ownership, which can lead to higher satisfaction. Management's commitment to succession planning means that supervisors will mentor employees to transfer knowledge and expertise. Management keeps better track of the value of employees so that positions can be filled internally when opportunities arise. With succession planning, leadership and employees are better able to share company values and vision. Dr. L. N. Soni 6
- 7. CAREER PLANNING ? Career planning is the self-evaluation & planning done by a person to have a strong career path. Career planning process is the continuous process of understanding oneself, setting career goals, revising skills and searching for the right career options. Career planning is the process of enhancing an employee’s future value. A career plan is an individual’s choice of occupation, organization and career path. Career planning encourages individuals to explore and gather information, which enables them to synthesize, gain competencies, make decisions, set goals and take action. It is a crucial phase of human resource development that helps the employees in making strategy for work-life balance. According to Schermerborn, Hunt, and Osborn, ‘Career planning is a process of systematically matching career goals and individual capabilities with opportunities for their fulfillment’. Dr. L. N. Soni 7
- 8. Features of Career Planning and Career Development It is an ongoing process. It helps individuals develop skills required to fulfill different career roles. It strengthens work-related activities in the organization. It defines life, career, abilities, and interests of the employees. It can also give professional directions, as they relate to career goals. Dr. L. N. Soni 8
- 9. OBJECTIVES OF CAREER PLANNING 1. To identify positive characteristics of the employees. 2. To develop awareness about each employee’s uniqueness. 3. To respect feelings of other employees. 4. To attract talented employees to the organization. 5. To train employees towards team-building skills. 6. To create healthy ways of dealing with conflicts, emotions, and stress. Dr. L. N. Soni 9
- 10. CAREER PLANNING PROCESS Analyzing Employee’s Needs and Aspirations Analyzing Career Opportunity Matching Needs and Opportunities Action Plan and Periodic Review Dr. L. N. Soni 10
- 11. STEPS INVOLVED IN CAREER DEVELOPMENT Dr. L. N. Soni 11 NEEDS • Defining the present system VISION • Determining new directions and possibilities ACTION PLAN • Preparing a plan RESULTS • Find out the result
- 12. CAREER DEVEOLPMENT ACTIONS Job Performance Exposure Resignations Change the job Career Guidance Dr. L. N. Soni 12
- 13. SUGGESTIONS FOR EFFECTIVE CAREER DEVELOPMENT 1. Build your Dream 2. Believe in Yourself 3. Never Stop Learning 4. Sharpen your People Skills 5. Expand your Network 6. Find a Mentor 7. Build your Reputation 8. Conduct SWOT analysis / Regular assessment 9. Develop trust 10. Keep yourself up-to-date Dr. L. N. Soni 13
- 14. “ ” THANK YOU ! Dr. Laxmikant N. Soni NET (Commerce), SET (Commerce), NET (Management) Soni Institute of Management Studies, Latur Coaching institute for: NET / SET MBA – CET/CMAT/CAT/SNAP BANK – PO/Clerk Contact : 8087866077 / 9823611055 14