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What Is Career Development?

Career development is a part of the process in which individuals develop whats called a "work identity" within this process you will find many elements that influences different individual career development.

Some of those factors include:

Personal Characteristics

Financial Resources
Physical, Mental, and emotional impairments
Lack of support from family
Age
Family Obligations

Please visit TheBalanceCareer website for more details on these influences.

Link for TheBalanceCareer website: https://www.thebalancecareers.com/what-is-career-development-525496

How Can You Promote Career Development In The Workplace?

Companies can promote career development in many different forms. One being the use of coaching, mentor programs, internships, career transition programs. Other form's could be through the ability to provide different training and certification opportunities as well as implementing programs that allow employees to seek out further education with the support of their company.

Below you will find a great article by the Harvard Business Review with 7 tips on how to improve employee development programs.

Link for Harvard Business Review article: https://hbr.org/2015/07/7-ways-to-improve-employee-development-programs

Why Is Providing Career Development Important?

Providing career development is important because it creates value, loyalty, and low turnover. Many employees are looking for growth in knowledge and skills more so than compensation, although this is a huge influence, employees want to know they are staying up to date on what there is to know in their area of study. By providing career development opportunities companies create greater internal resources for themselves. For example, by sending one employee out to get a certification or take a particular training you just created a body of knowledge that can be brought back and shared with other employees.

Forbes recently shared a extremely interesting article from one of its contributors Victor Lipman. Mr. Lipman is the founder and principal of Howling Wolf Management Training, LLC. In his article he shares his thoughts on "why employee development is important, neglected and can cost you talent." You will find that he shares personal experience from the viewpoint of an executive and from the viewpoints of the employee.

Link for Forbes article: https://www.forbes.com/sites/victorlipman/2013/01/29/why-development-planning-is-important-neglected-and-can-cost-you-young-talent/#69577a06f633