SIGNIFICANCE AND ADVANTAGES OF CAREER DEVELOPMENT

[Reyed Mia (Apprentice, DIU)]

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.

Sources: https://goo.gl/qJGfs8