Career path involves understanding what knowledge, skills, personal characteristics, and experience are required for an employee to progress his or her career laterally, or through access. The career path encompasses the employee's desired destination and the steps, experience, and development he or she will need to make progress on the journey.
o This knowledge helps him select the career that is suitable to his life styles, preferences, family environment, scope for self-development etc.
o It helps the organization identify internal employees who can be promoted.
o Internal promotions, up gradation and transfers motivate the employees, boost up their morale and also result in increased job satisfaction.
o Increased job satisfaction enhances employee commitment and creates a sense of belongingness and loyalty to the organization.
o Employee will await his turn of promotion rather than changing to another organization. This will lower employee turnover.
o It satisfies employee esteem needs.
o Efficient career planning and development ensures the availability of human resources with required skill, knowledge and talent.
o The efficient policies and practices improve the organization's ability to attract and retain highly skilled and talent employees.
o The career plan continuously tries to satisfy the employee expectations and as such minimizes employee frustration.
o Protecting employees' interest results in promoting organizational goodwill
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