Anda di halaman 1dari 23

CAREER AND CAREER

MANAGEMENT
11-1
11-2
The concept of career
A career comprises of a series of work related
activities, that offer continuity, order and meaning
to a persons life. The underlying idea behind a
career is that a person can shape his destiny
through a number of well planned and well timed,
positive steps. The success of ones career,
therefore, depends on the individual more than
anything else.
Career And Succession Planning
11-3
Career: Important features
A career develops over time
The success of one's career depends, most
often, on one's own careful planning and
timely steps taken at a right time
The important element in one's career is
experiencing psychological success.
The typical career of a person today would
probably include many positions and transitions.
Career And Succession Planning
11-4
Career stages
A career includes many positions, stages and transitions just as a
persons life does.
Career And Succession Planning
High
Low
25
35 50 60 70
P
e
r
f
o
r
m
a
n
c
e
Exploration Establish- Mid career Late career Decline
ment
From college First job Will performance The elder Preparing
to work and being increase or statesperson for
accepted begin to retirement
decline?
Age
11-5
Exploration: the transition that occurs in mid-twenties
as one looks at work after college education,
seeking answer to various questions about careers
from teachers, friends etc.
Establishment: this is the stage where one begins
the search for work,picks up the first job, commits
mistakes and learns thereafter.
Mid-career: Between 35 and 50 one is typically
confronted with a plateaued career, where your
maturity and experience are still valued but there
is the nagging feeling of having lost the initial fire in
the belly

Career And Succession Planning
Career stages
Late career: This is the stage where one relaxes
a bit and plays an elderly role, offering advice
to younger ones as to how to avoid career
mistakes and grow continually.
Decline: This is the stage where one is
constantly reminded of retirement, after a
series of hits and misses.

11-10
Career anchors
Career And Succession Planning
These are distinct patterns of self-
perceived talents, attitudes, motives
and values that guide and stabilise a
persons career after several years of
real world experiences.
11-11
Career planning
Career And Succession Planning
Career planning is the process by
which one selects career goals and
the path to achieve those goals.
Career planning, it should be noted
here, is a prerequisite to effective
human resource planning.
11-12
Identify individual needs and aspirations
Analyse career opportunities
Align employee needs with available career
opportunities
Develop action plans
Carry out periodic review
Career And Succession Planning
The process of career planning
11-13
Career Development
Career And Succession Planning
Career development consists of the personal
actions one undertakes to achieve a career plan.
The actions for career development may be
initiated by the individual himself or by the
organisation
Individual career development: Some of the
important steps that could help employees
achieve their career goals could be listed thus;
11-14
Performance
Exposure
Networking
Leveraging
Loyalty
Mentors and sponsors
Key subordinates
Expanding capabilities over time
Career And Succession Planning
Individual career development
11-19
Organisational career development:
organisations could help promote
individual careers through a series of
well planned moves. These include:
Career And Succession Planning
Career Development
Cont
11-20
4. Employee assessment programmes
Assessment centres
Psychological tests
Promotability forecasts
Succession planning
5. Employee developmental programmes
6. Career programmes for special groups
Career And Succession Planning
Career Development
11-23
Career management includes
both organisational actions and
individual efforts aimed at setting
career goals, formulating and
implementing strategies and
monitoring the results.
Career And Succession Planning
11-24
Career And Succession Planning
Advantages And Limitations Of
Career Planning
Career planning offers significant benefits to both the individual and
the organisation. The employee has advance knowledge of
available career opportunities. He or she can set appropriate career
goals and plan to achieve them over a period of time.
Organisations, too, can separate the stars from the mediocre and
reward the efforts of those who are hard working and talented. This
would, in turn, improve employer-employee relations.
On the negative side, for small scale units, career planning may
prove to be a difficult and costly exercise. Sometimes, local laws,
union pressures could upset career planning efforts. Not every
company would be able to resolve all career related issues
successfully.
11-25
Career And Succession Planning
Effective Career Planning
Effective career planning depends on a number of factors such as
Effective career planning
Ensuring top management support
Setting appropriate corporate goals for human resources
Offering rewards for good performance
Placing employees depending on their talents, career aspirations
etc
Laying down suitable career paths for all employees
Monitoring continuously to find where the organisation stands
Giving publicity to career related issues and actions
11-26
Career And Succession Planning
Succession Planning
The basic purpose of succession planning is to identify
and develop people to replace current job holders in key
positions.
Through succession planning organisations ensure a
steady flow of internal talent to fill important vacancies.
Succession planning encourages hiring from within and
creates a healthy environment where employees have
careers and not merely jobs.
It should be noted here that career planning (which
covers executives at all levels), by its very nature,
includes succession planning (which covers key positions
at higher levels)
11-27
Career And Succession Planning
Replacement Chart
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
Department : Finance Date:
Prepared By :
Senior Equity Analyst
Raja Ram (59)
A
1
Rajat Gupta (44)
B
1
Shyam Lal (38)
Bond Specialist
Nirmala (31)
A
1
Balraj Singh (26)
B
1
Neelam (28)
C
h
a
r
t

f
o
r

2

p
o
s
i
t
i
o
n
s
Replacement Summary for Senior Equity Analyst
Job holder : Raja Ram Age : 59
Opening : In 3 Years Reason : Retirement
Salary Grade : 25,000-35,000 Experience : 12 Years
Candidate 1
Name : Rajat Age : 44 Years
Designation : Equity Analyst Experience : 6 Years
Performance : Outstanding Reason : Star in the dept.
Grade : 18,000-25,000 Promot- : Ready now for
ability promotion
Candidate 2
Name : Shyam Lal Age : 38 Years
Designation : Equity Analyst Experience : 3 Years
Performance : Outstanding Reason : Needs more
experience
Grade : 13,000-18,000 Promot- : Can wait for
ability 2 Years
Explanations:
A. Ready for promotion 1. Outstanding performance
B. Needs more experience 2. Acceptable performance
C. Not suitable for job 3. Poor performance
A replacement chart is a visual representation of who will replace whom if
there is a job opening
11-28
Career And Succession Planning
Succession Management
Succession management focuses attention on creating and stocking
pools of candidates with high leadership potential. It assures that key
people are not just identified but also nurtured and developed into
future leadership roles
Steps in succession management
Identifying the shortage of leadership skills and defining the requirements
Identifying potential successors for critical positions
Coaching and grooming the 'star performers'
The interesting case of BAJAJ AUTO
Arm your successor
Begin at the edges
Start succession early
Prepare the organisation.