1 eHR 01: Career Planning Prof R K Singh AIMA Centre for Management Education

2 Career Planning Concept of Career Career Planning Concept of Career  Moving upward in one’s chosen line of work- –Making more money –Having more responsibility –Acquiring more status, prestige and power. A career is a sequence of positions held by a person during the course of a life time. It comprises of a series of work related activities that provide continuity, order and meaning to a person’s life.

3 Concept of Career Concept of Career A Career develops over time: It covers objective conditions (Job, Responsibilities, etc) and also includes subjective reactions (enthusiasm, boredom, etc)  It is the individual who ultimately must judge the success of her/his career.S/he must set her/his own criteria for success and that such criteria can be far ranging (e.g. pay, job- challenges, power, status etc).

4 Career Planning Career Planning Stages of Career: 1.Apprenticeship 2.Advancement 3.Maintenance 4.Strategic Thinking

5 Career Planning Stages of Career Career Stages  Apprenticeship: (First 5 Yrs) (First 5 Yrs)  Advancement : (30-45 Yrs) (30-45 Yrs)  Maintenance :  Strategic Thinking : Important Needs Safety, Security, Physiological Achievement, Esteem, Autonomy Esteem, Self-actualization Self-actualization

6 Career Planning Stages of Career: Career Planning Stages of Career: 1.Exploration (21-25 Yrs) 2.Establishment (25-35 Yrs) 3.Mid Career (35-50 Yrs) 4.Late Career(50-60 Yrs) 5.Late Stage/Decline Stage (60-70 Yrs)

7 Career Planning and Pathing:  Career planning is the process by which one selects goals and the path to these goals.  The major focus of career planning is on assisting the employees achieve a better match between personal goals and opportunities that are realistically available in the organization.  Career programmes should not concentrate only on career growth opportunities.

8 Career Planning & Pathing: Career Planning & Pathing:  Career planning efforts need to pin- point and highlight those areas that offer psychological success instead of vertical growth.  Career Planning is not an event or end in itself, but a continuous process of developing human resources for achieving optimum results.  Organizations should help employees in achieving career goals so that both can benefit.

9 Career Planning & Pathing: Career Planning & Pathing:  Career planning efforts need to pin-point and highlight those areas that offer psychological success instead of vertical growth.  Career Planning is not an event or end in itself, but a continuous process of developing human resources for achieving optimum results.  Organizations should help employees in achieving career goals so that both can benefit.

10 Career Planning & Pathing: Career Planning & Pathing: Objectives of Career Planning : 1.Attract and retain talent by offering careers, not jobs. 2.Use human resources effectively and achieve greater productivity. 3.Reduce employee turnover. 4.Improve employee motivation. 5.Meet the immediate and future HR needs of the organization on a timely basis.

11 Concept of Career Development: Concept of Career Development:  Career development consists of the personal actions one undertakes to achieve a career plan.  Career development looks at the long- term career effectiveness of employees  The actions for career development should be initiated by the individual and the organization both.

12 Concept of Career Development: Concept of Career Development: Individual Career Development :  Expand Ability  Performance  Exposure  Networking  Leveraging  Loyalty to career  Mentors and Sponsors  Key Subordinates

13 Concept of Career Development: Concept of Career Development: Organizational Career Development :  Self-assessment tools  Individual Counseling  Information Services -Job Posting Systems -Skills Inventory -Career ladders and career paths -Career resource centre

14 Concept of Career Development: Concept of Career Development: Organizational Career Development :  Employee assessment programs -Assessment centres -Psychological tests -Promotability forecasts -Succession planning  Employee Developmental Programs  Career Programs for Special Groups

15 Issues in Career Planning & Development: Issues in Career Planning & Development:  Integrating Career Development and Workforce Planning  Managing Dual Careers  Career Planning and Equal Employment Opportunity  Downsizing and Job Loss -Effects of Job Loss -Managerial Responses to layoffs and job loss