What is Career Development?

Career development is a process of increasing a person potential for advancement and career change. It can be defined as process of planning the series of possible job which a person can hold in future and developing strategies to achieve the skills required for holding those jobs when the opportunities arises. Career development has become important in HR management because employees of today have high expectations from their jobs but initially their jobs are not up to their expectations. Thus the career development helps in achieving those goals of the employees.

Career development attains significance as it
1. Reduces turn over
2. Increases employee morale and motivation
3. Reduces cost of recruitment
4. Allows better utilization of the skills of the employees
5. Makes the employees more adoptable to change and reduces industrial disputes.
6. It increases loyalty and commitment among the employees which in turn results in increased production.