Placement on career path, Financial Management

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Placement on career path:

The next step of the career planning process is to place an individual on a chosen career path. A career path is the logical possible sequence of positions that could be held by an individual based on how he performs in the organization. Career path consist of two elements, line and ladder. Line is the field of specifying in which an individual is placed like production, marketing, finance, resource, etc. within each line, there are various positions arranged in hierarchical order. Placing an individual on a career path indicates how the individual will progress to those positions. This placing is essentially determined by the alignment of individual needs, his strengths and weaknesses, and organizational opportunities. Thus, a career plan emerges for each employee of the organization.


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