Merits of Career Planning

The merits of career planning are quite a few. Some of these have been listed as follows:

· Career planning helps employees in developing career goals and also in accomplishing those goals in a time-bound manner.

· It facilitates employees in identifying the career opportunities available within the organization.

· Ti helps the employees determine their training and development requirements based on self-assessment.

· It helps the organization in finding a fit between the job requirements and the employ­ees knowledge, skill and abilities to choose the right persons for the jobs.

· It provides an occasion for the organization to identify the strengths and weaknesses of its workforce.

· It assists the organization in HR policy formulation. For instance, it facilitates the HR manager in deciding between internal and external sources of recruitment.

· It helps the organization in achieving enhanced job satisfaction, efficiency and commitment for its employees.

· It aids the organization in controlling employee attrition and related hiring costs.

· It assists the organization in developing succession plans for the critical positions in the organization. Thus, it enables the organization to make long-term investments on their employees through succession plans.

· It provides an opportunity to the organization to express its interest in the well-being and future of its employees.

It enables the organization to achieve cordial industrial relations and thus ensure better cooperation from trade unions.

It helps the organization in building goodwill in the labour market and thereby attract the best talents with ease.