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.

A career represents the path chosen by a person over a period of time. While some plane their career very carefully others depend more on their circumstances, situation, current location and some more factors like it. A person can shape career the way he wants if he has planned it in advanced. Career can be either external career which is organization centred or internal career which is individual centre. Individual career planning involves the identification of the career goals by an individual and the means to achieve these goals. It also addresses the personal-work balance of an individual. On the other hand external career planning deals with tracking career paths and looking for information to direct and monitor it. It also deals with ensuring capable managerial and technical talent so that organization’s requirements can be met when required.

Career is defined by the oxford English dictionary as a course or progress through life. It is a sequence of positions held by a person in his life time. Generally it pertains to some remunerated work and seen as a course of successive situations that form a person occupation. Though one can have a career in music or sports without being a professional but mostly career is referred to a series of jobs or positions through which a person has earned his money. The older version of the definition of career looked only at the past but in their present century the definition of career is more concerned with the pursuit of the person in future

Exit interview provides an opportunity to make peace with an employee who might otherwise leave the organization with vengeful intentions. It is also seen as a positive sign by the existing employees who consider it as a caring and compassionate step on the part of the organization.

Exit interview is also held in the implementation of correct HR practices in the organization and also provide information about the ways to improve the recruitment process in future.

In some cases exit interview give a chance to retain an employee who would have otherwise left the organization due to a minor misunderstanding which can be clear during the exit interview.

Whenever an employee leaves and organization for any reason it constitute the exit of that employee from the organization. Present day organizations are aware of the importance of employee retention and try to find out the reasons behind the exit of the employee.

There are many exit strategies uses by the organizations but exit interview is the most commonly used strategy. It is an important part of human resource management and helps in employee satisfaction and retention. Understanding the reasons behind the exit of an employee helps in preventing the future loss of employees. Employees loses due to factors like dissatisfaction poor management practices lack of growth opportunities or harassment or conflict with a co-worker or manager can be reduced to a great extent with the help of information gathered by exist interview. It also focuses on the employment environment and its impact on productivity and morale.