Important of career development:
1. Career development helps in developing skills and competencies for initiating, expanding and managing an organization effectively with focus on real life business situations and business practises.
2. Career development develops in developing spirit and potential amongst the employees in order to make them successful innovations.
3. To facilitate the acquisition of requisite skills, knowledge and competencies for organizational excellence.
4. To develop and create a pool of talented people to successfully execute the business strategies of the organization.
5. To devise and implement a talent management system in the organization.
6. To facilitate successful planning and development to ensure long term growth and success of the organization.