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The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark. - Michelangelo
What is a Career?
Definition
Job vs. Career
Job What can I do now to make money? Career Chosen Profession for your life. Requires a willingness to get the training needed to build your skills for the future.
A career is the work a person does. It is the sequence of jobs that an individual has held throughout his or her working life Pattern of work-related experiences that span the course of a persons life. Reflects any work, paid or unpaid. Broad definition helpful in todays work environment where employees and organizations have diverse needs.
CEO
SR.GM GM
Assistant director of transportation, Wal-Mart Director of transportation, Wal-Mart Vice president of transportation, Wal-Mart Vice president of distribution, Wal-Mart Senior vice president of logistics, Wal-Mart Executive vice president of logistics, Wal-Mart Executive vice president of merchandise, Wal-Mart President and CEO, Wal-Mart Stores division Vice chairman and COO, Wal-Mart Director of Wal-Mart Stores Inc. President and CEO, Wal-Mart
Stages of Career
Exploration Developmental tasks Identify interests, skills, fit between self and work Establishment Advancement, growth, security, develop life style
(continued)
Maintenance Hold on to accomplishments , update skills Disengagement Retirement planning, change balance between work and nonwork Phasing out of work Sponsor
Activities
30 45 2 10 years
Career Development
An ongoing and formalized effort that focuses on developing enriched and more capable workers.
Career Development System: Linking Organizational Needs with Individual Career Needs
Organizational Needs
What are the organizations major strategic issues over the next two to three years? What are the most critical needs and challenges that the organization will face over the next 2 - 3 years? What critical skills, knowledge, and experience will be needed to meet these challenges? What staffing levels will be required? Does the organization have the strength necessary to meet the critical challenges?
Issue:
Are employees developing themselves in a way that links personal effectiveness and satisfaction with the achievement of the organizations strategic objectives?
Development Phase
Organizational Assessment
Some of the tools traditionally used by organizations in selection are also valuable for career development. Among these are:
Assessment centers Psychological testing Performance appraisal Promotability forecasts Succession planning
Skill Area
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Proficiency
Preference
_______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
Score
_______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______ _______
Problem solving _______ Team presentation _______ Leadership _______ Inventory _______ Negotiation _______ Conflict management _______ Scheduling _______ Delegation _______ Participative management_______ Feedback _______ Planning _______ Computer _______
SWOT ANALYSIS
Internal
Your Strengths
Your Weaknesses
External
Strengths
Weaknesses
Internal positive aspects that are under control and upon which you manage Work Experience Education, including value-added features Strong technical knowledge within your field (e.g. hardware, software, programming languages) Specific transferable skills (e.g., communication, teamwork, leadership skills) Personal characteristics (e.g., strong work ethic, self-discipline, ability to work under pressure, creativity, optimism, or a high level of energy Good contacts/successful networking Interaction with professional organizations
Internal negative aspects that are under your control and that you may plan Lack of Work Experience Low score, wrong major Lack of goals, lack of self-knowledge, lack of specific job knowledge Weak technical knowledge Weak skills (leadership, interpersonal, communication, teamwork) Weak job-hunting skills Negative personal characteristics (e.g., poor work ethic, lack of discipline, lack of motivation, indecisiveness, shyness, too emotional plan to improve
Opportunities Positive external conditions that you do not control but of which you can plan to take advantage Positive trends in your field that will create more jobs (e.g., growth, globalization, technological advances) Opportunities you could have in the field by enhancing your education Field is particularly in need of your set of skills Opportunities you could have through greater self-knowledge, more specific job goals Opportunities for advancement in your field Opportunities for professional development in your field Career path you've chosen provides unique opportunities Geography Strong network
External
Threats Negative external conditions that you do not control but the effect of which you may be able to lessen Negative trends in your field that diminish jobs (downsizing, obsolescence) Competition from your cohort of college graduates Competitors with superior skills, experience, knowledge Competitors with better job-hunting skills than you Competitors who went to schools with better reputations. Obstacles in your way (e.g., lack of the advanced education/training you need to take advantage of opportunities) Limited advancement in your field, advancement is cut-throat and competitive Limited professional development in your field, so it's hard to stay marketable Companies are not hiring people with your major/degree
Goal Setting
Goal Setting
Information Services
Information services provide career development information to employees.
Job-posting systems Skills inventories Career paths Career resource center
Contd
Networking: It implies professional and personal contacts that would help in striking good deals outside (eg. Lucrative job offers, business deals.) Leveraging: Resigning to further ones career with another employer is known as leveraging. However, jumping the jobs frequently may not be a good career strategy in the long run.
Contd
Loyalty to Career: Companies such as WIPRO, NIIT, Infosys (all IT companies, where the turnover ratio is very high) have come out with a lucrative, innovative compensation packages in addition to employee stock option plans for those who remain with the company for a specified period.
Contd
Mentors and Sponsors: A mentor is, generally an older person in a managerial role offering informal career advice to junior employee. They act as Role Models. A sponsor is someone in the organization who can create career development opportunities.
Contd
Key Subordinates: Qualified and knowledgeable subordinates, often extend invaluable help that enables their bosses to come up in life. Expand Ability: Employees who are career conscious must prepare themselves for future opportunities that may come their way internally or externally by taking a series of proactive steps (Eg. Attending a training program, acquiring a degree, updating skills in an area.)
Contd
Individual Counselling: Employee counselling is a process whereby employees are guided in overcoming performance problems. It is usually done through face to face meetings between employee and counsellor or coach. Information Service: Employment opportunities at various levels are made known to employees through information services of various kinds. Records of employees skills, knowledge, experience and performance indicate the possible candidates for filling up such vacancies.
Contd
For compiling and communicating career related information to employees organisations basically use four methods: Job Posting System, Skills Inventory, Career Ladders and Career Paths and Career Resource Center. Employee Assessment Programme: Initially a new recruit is informed about career policies and procedures of the company. Formal orientation programmes are used to educate employees on career programmes, career paths and opportunities for advancement within the company.
Contd
Several assessment programmes are also used to evaluate the employees potential for growth and development in the organisation. They include assessment center, in which a number of performance simulation tests and exercises are used to rate a candidates potential, psychological testing, promotability forecasts and succession planning.
Contd
Employee Developmental Programme: These consists of skill assessment and training efforts that organisations use to groom their employees for future vacancies. Seminars, workshops, job rotations and mentoring programmes are used to develop a broad base of skills as a part of such developmental activities.
Contd
Career Programmes for Special Groups: In recent years there is a growing evidence regarding dual career families and growing tension owing to their inability to reconcile the differences between family roles and work demands. Therefore organisations are providing a place and a procedure for discussing such role conflicts and coping strategies. They are coming out with schemes such as part time work, long parental leave, child care centers, flexible working hours and promotions and transfers in tune with the demands of dual career conflicts.
Dual-Career Paths
Plateauing
Skills Obsolescence