SIGNIFICANCE AND ADVANTAGES OF CAREER DEVELOPMENT
The significance and advantages of career development both from organizations’ and employees’ viewpoints can be summed up as follows:
- It reduces employee turnover by providing increased promotional avenues.
- 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.
- It makes employees adaptable to the changing requirement of the organization.
- It reduces industrial disputes related to promotional matters and thereby provides opportunity to the organization to sustain harmonious industrial ...
Get Performance Management Systems and Strategies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
