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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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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 ...

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