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 ...
