Career Management Plans - Essay Example

For example, if an employee continues his education and obtains a master's degree the company benefits because the quality of its human capital increased without the need of recruiting a new employee with these types of credentials. The purpose of this paper is to discuss various subjects associated with career management plans.The use of feedback mechanisms can help the communication process between the employees and the managerial staff. Feedback refers to the communication of how one person feels about something another person has done or said (Schermerhorn & Hunt & Osborn, 2003, p. 338). To utilize feedback there has to be a formal system for the employees to provide their feedback input.

A way simple system that could be used is the collection of information using anonymous tips. A feedback box could be placed on the wall of the building so that the employees can provide ideas anonymously. Along with this system, there is a need for the employees to officially express their ideas. A way to accomplish feedback communication is to have a weekly meeting will all the employees. The employees in the one-hour meeting can provide the manager will lots of feedback. During the hour meeting, the majority of them will be dedicated to collecting feedback from the employees.

Keeping the lines of communication open is essential to achieve synergy in a team. Synergy occurs when the whole is larger than the sum of its parts. Working in a team setting is advantageous because the best traits and attributes of each team member are combined to create a more valuable working unit. In order to motivate employees to achieve a higher level of performance, incentives must be in place. Financial rewards for accomplishing team benchmarks are a good way to motivate the employees to work together to achieve a common goal.

Opportunities for educational and career advancement are very effective at motivating employees to develop their careers. A good incentive that can be offered to help employees improve their educational attainment is to pay for the college education of the employees. The human resource department must protect the best interest of the firm.