How do career development programs benefit organizations?

It leads to greater understanding of the organization as a whole and cultivate a supportive and conducive culture in the organization. It helps managers in understanding the hidden aspects of employees and guides them to allocate employees the right job that matches to their skills and competencies.

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Besides, what is career development and its importance?

Career development provides the framework with skills, goals, awareness, assessment and performance which helps an individual to move in the right direction and achieve the goals one has in one’s career.

Secondly, what are the benefits to employees and the Organisation of a formal career development strategy? It improves employees’ morale and motivation. It enables organizations to man promotional vacancies internally, thereby reducing the cost of managerial recruitment. It ensures better utilization of employees’ skills and provides increased work satisfaction to employees.

Considering this, what benefits may Organizations accrue from helping their employees with career planning?

(i) Efficient career planning ensures the availability of human resources with required skill, knowledge and talent. (ii) The efficient policies and practices improve the organisation’s ability to attract and retain highly skilled and talented employees.

What is career development in an organization?

Career development is a continuous process where both employees as well as employers have to put efforts in order to create conducive environment so that they can achieve their objectives at the same time.

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