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Career management: career management is the process of designing and implementing goals plans and strategies to enable the organization to satisfy employee needs while allowing individuals to achieve their career goals. Career management is defined by ball as:
1. Making career choice and decisions the traditional focus of careers interventions. The changed nature of work means that individuals may now have to revisit this process more frequently than in the past.
2. Managing the organizational career concerns the career management tasks of individuals within the workplace such as decision making life stage transitions dealing with stress etc.
3. Managing boundaries careers refers to skill needed by workers whose employment is beyond the boundaries of a single organisation a work style common among for example artists and designers.
4. Taking control of one's personnel development as employers take less responsibility employers need to take control of their own development in order to maintain and enhance their employability.
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Trust them with knee-jerk reactions," said Vikram Koshy, CEO, Delta Software India, as he looked at the quarterly report of Top Line Securities, a well-known equity research firm.
Optimizing cost of the compensation: compensation management is aims at optimizing cost of the compensation by establishing some kind of linkage with performance and compensation.
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