Introduction

This research paper will involve the study of career development and promotion concerning compensation and benefit accruing from career promotions, technology concepts within Human Resource Management. It will also analyze the issues and current trends surrounding career development and advancement. In addition, the advantages and the disadvantages of the research topic will be discussed at length in the project paper. In the research paper will also conclude the various concepts of career development and promotion.

Literature Review

In most organizations, employees are not always looking to remain in a static position within the organization. In most instances, the employees still yearn to develop themselves within their careers with the aim of earning higher salaries and even gaining promotions. Besides, acquiring more skills enable them to tap into various opportunities such as winning prestigious titles and promotions to more senior positions. In addition, these high positions and prestigious titles come along with more top compensation packages and additional benefits as compared to the lower ranks in the organization. Career development, therefore, is a lifetime process involving the management of work, learning, leisure and other life transitions aimed at achieving a given preferred future. Career promotion within an organization on the other hand, therefore, involves the advancing of an employee from a lower position to a higher one. In some instances, promotions include moving from one job task to another job task of a higher level.

Trends in Workplaces

Various organizations have changed rapidly due to the ever-changing technologies, changes, and differentiation of work and the job demand within the global job market. All of the different changes within the organizations have impacted both negatively and positively in career development and promotion. Besides, the world is currently moving to a knowledge economy from an industrial economy. These changes are mainly articulated by globalization, lifestyle trends, demographics, and technology. Career practitioners are therefore forced to deal with different emerging trends within their workplaces including flexibility within the workplace, collaboration with co-workers, a re-think on the traditional reviews concerning employee performance, the emergence of alternative methods of work and project presentations and significant emphasis on the balance of work-life.

Pros and Cons of Career Development

Career development pieces of training help an employee gain a competitive advantage over the rest of other co-workers within the organization due to the newly acquired skills. Therefore, one can get promotion opportunities. In addition, career development puts more emphasis on goal setting that enables an employee to gain higher achievements. Organizations that offer career development programs can retain their competitive working force. Besides, offering such programs motivates employees to achieve the already set company goals. In addition, career development and promotions attract a more talented workforce that is well skilled from the global job markets. Besides, career development and promotions ensure that task and assignments are given to the right people who can accomplish them in time as required by the organization’s management.

Even though career development and promotions might attract higher pay and benefits, it might lead to a possible stagnation in the one’s job. The stalemate might be due to a lateral move thus making it difficult for on to acquire promotions and different tasks. Besides, to the newly acquired skills, employees are always tempted to change from one job to the other. This change might impact negatively on the long term goals of the employee. Moreover, the employer might lose faith in the employee since they no longer stick to one job.

Key Learning in Career Development and Promotion

Career development and promotion gives on the opportunity to learn new ideas and acquire new skills at every stage of one’s career. Firstly, one should be able to focus majorly on the soft skills during the early stages of one’s career development. This will enable the employers to monitor your career development in terms of acquisition of new skills. In addition, career development and promotion to higher levels within the organizations empower an employee to gain skills that are strategic to management. Also, retirement offers one an opportunity to learn and involve themselves in new activities and thus employees should never be a burden by the fear of retirement in the final stages of career development.

Conclusion

Career development offers one an opportunity to learn and acquire new skills in the life span of one’s career development. Besides, career development and promotion are faced with various emerging trends and practices, and therefore different organizations need to need to adjust to this trends and technologies to gain a competitive advantage over the rest of other organizations. Even though several research has been conducted on this topic, this research stills creates a gap for more scholars to study the broad subject of career development and promotion.

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