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Need for career planning:
Career planning competent persons and to retain them in the organization.
1. To provide suitable promotional opportunities.
2. To enable the employees to develop and make them ready to meet the future challenges.
3. To attract competent persons and to retain them in the organization.
4. To increase the utilization of managerial reserves within an organization.
5. To correct employee placement.
6. To reduce employee dissatisfaction and turnover.
7. To improve motivation and morale.
Full Costs Full costs include all variable and fixed costs and costs at all activity stages in a corporation. It is the total cost of producing and selling products.
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