• Introduction • Objectives of Career Planning • Process of Career Planning • Importance of Career Planning Introduction • It is one of the type of advance planning initiated by HR department. • It includes all the steps not only to perform existing job systematically, but also to handle future task in more scientific manner. • It is a development activity planned by management through HR department to perform present as well as future job with more perfection. Concept of Career Planning • In general terms Career Planning means progress in life in a particular organization in more professional manner. • As an individual point of view : Career planning is a systematic process by which an individual selects his career goals & a path to achieve his goal in a systematic manner. • As organizational point of view :It involves identification of an individual properly by SWOT analysis and charting out the career path to achieve an organizational goal in most scientific manner. Differences • The difference between Succession planning and career planning : • Succession planning : It means fulfillment of vacancies through deserving candidate/ employees in the absence of a person or when the position is vacant. It is also called as filling of blank space/gap temporarily by an individual person having requisite skill, potentials and ability. • Career Planning : It is a systematic planning of management which is communicated to an individual that, up to which level he/she can reach by his/her skill potential and ability permanently in same organization. Examples of Career Planning • US– SS—SK—HSK—SHIFT SUPERVIZOR—SHIFT I/C—MANAGER In (12 years ). • Jr. Clerk –Sr. Clerk—Assistant—Sectional Officer —Department Head in (15 years). • Mgt Trainee—Asst. Manager—Manager—GM— VP—Director– MD. In ( 18 years ). • Lecturer– Sr. Lecturer—Asst. Professor— Professor—Reader–HOD-- Dean– Vice chancellor in (21 years ) Importance of Career Planning • Advantages : It helps the management to know the potential level of an individual so that his abilities are spotted out well in advance. • It guides the management to provide training to the capable employees in advance. • It helps to management to design salary policy, gradation policy, promotion policy systematically. • It also guides the employees to know well in advance up to what level he can progress in same organization with stipulated period of his service. • It creates healthy competitions among the employees and they are able to achieve their goals easily. • It also helps management to achieve better results. Disadvantages • It sometime creates frustrations among the employees due to their own over expectations from management. • It increases attrition rates if no scientific planning is initiated by management. • Management’s expects more results from their employees in proportion to Career Planning. Conclusion • Thus in all the professional organizations career planning is considered as a tool of motivation which motivates both management as well as employees to achieve their own preset objectives from each others. • It also develops better industrial relations and harmony within the same establishment.