Answer to Question #158138 in Management for ricky

Question

Compare and Contrast career development and career management.

Answer 1

Career development refers to a formal effort that organizations assume to help employees gain the skills and experiences required for the exclusive performance of present and future tasks. Career development is vital as it helps in reducing turnover. In this case, developed employees commit to the organization in the long term. In addition, career development helps in improving organizational productivity as well as its financial returns. Like career development, career management encompasses an ongoing process, which recognizes an individual as a vital resource worth investment. However, career management is a conscious process that allows for individual planning of engagements and activities within the workplace. It is a path that individuals take for enhanced workplace fulfillment, financial stability, and professional growth.