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Importance of Career Planning

In: Business and Management

Submitted By taowens
Words 350
Pages 2
“One in five people who resign from their roles do so because of a lack of opportunities within their company, according to research by Penna.” (Hrmagazine.co.uk, 2014) Most people have some type of goal or aspiration they hope to reach in their future. This article tells about the negative effects of not having opportunities to advance in an organization. If employees see that they have no chance to advance within the organization then they may be willing to find another job where they can excel and move up the ladder. Employees that understand that they have a chance to advance will stay with the company longer. I am sure that most people have some sort of long-term goals or some type of dream job they would love to obtain. The utilization of a career plan will make nearly impossible goals reachable. A career plan acts as a roadmap and will lead anyone in the direction they plan on going. The article states that 20% of employers admit they have no formal approach to succession planning. (Hrmagazine.co.uk, 2014) It is important to have a formal approach to succession planning because every organization will have some type of job open up in the future and it keeps organizations from losing key employees. Succession planning should be performed at all levels in the organization and not just the top management positions because it will be more effective. Succession planning is also a good way to find the employees who have the skills, or potential to develop new skills, it takes to move up in an organization. The article states that 51% of employees only discuss career progression with their managers once a year. (Hrmagazine.co.uk, 2014) Succession planning is more important now than ever due to the aging workforce and the approaching retirement of the baby boomers. Once the baby boomers retire, if the organization was successful in their succession planning they...

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