Preview

Mgt 431 Week 3 Individual Paper Five Year Career Development

Good Essays
Open Document
Open Document
675 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mgt 431 Week 3 Individual Paper Five Year Career Development
Five year career development Plan
Name
University of Phoenix
Human Resources Management
431
Instructor
January 09, 2011
Abstract

The purpose of a career development plan is to have a reference to inspire toward self development and career growth. This is a career plan that can be updated as many times as needed during the time period set out. The objective in a career plan is to create a self assessment with a plan to accomplish the goal. In this paper the reading uncovers the strategy to achieve a rewarding career plan with the steps useful in achieving a career development plan useful despite any contradictions, or suggestions of how career plans are not beneficial. A career development plan is an individual lens, a view of self. Every organization offers a mission statement, which lists its long term plan. A career development plans gives an individual the same opportunity.

Five year career development Plan

A career development plan can be done at any time during an individual’s career. Developing a five year career plan is an acceptable time frame because a year can pass extremely fast when trying to accomplish any goal. When looking at a five year career plan the first recommendation is for an individual to create a self assessment, find desires and passions, along with the amount of compensation. If this is a struggle because compensation is unknown, put research into this by visiting different websites, or speaking with individuals working in the field.

The five year career development plan will give understanding of how lucrative the career choice made is in the present, and the future. Research the demand and how this trend margin managed during a problem economy. Know the value of the position, make sure the compensation in this position is the income desired to sustain a household. By checking the entrance level and the top level salary ranges will also give an individual the general knowledge of what to ask for during



References: Michael T Higgins.  (2002). Strategies: Why doesn 't my pay program work? American Bankers Association. ABA Banking Journal, 94(5), 14-18.  Retrieved January 9, 2011, from ABI/INFORM Global. (Document ID: 121819192). Jess Vihvelin For The.  (2010, August 28). It 's your career, tend to it wisely; Strength A career-development plan should incorporate elements of your profession and your individuality, and enable you as an employee to partner with your company. Telegraph-Journal,E.1.  Retrieved January 9, 2011, from Canadian Newsstand Core. (Document ID: 2123089751). Mapping out 12 strategies for a successful 2011. (2011, January 2). The Sun, Retrieved January 10, 2011, from ProQuest Newsstand. User-friendly intranets promote employee benefit programs. (2007). Companion, 3. Retrieved from EBSCOhost.

You May Also Find These Documents Helpful

  • Powerful Essays

    Unit 15- P1 Til M3

    • 10960 Words
    • 44 Pages

    In this assignment I am going to write about developing of a career in business. I was always thinking how my future would look like and what a person I want to be, what I want to do and how I will come there. This unit does help me because I thought it would be easy to achieve my dream. With this plan I can think about which resources could help me to develop my career. What goals and objectives I need to set for my short, medium and long terms. To know what my strengths and weakness are could help me because I know then what skills I posses and what skills I need to acquire for now and future. Before I had to face this unit I did not realize making career plan was useful but now I do. To make a career plan can be useful for me because it can help me to gain new skills, stay…

    • 10960 Words
    • 44 Pages
    Powerful Essays
  • Satisfactory Essays

    With the Career Plan Building Activities I gain a better knowledge of my capabilities. The result gave me a better insight to my person, knowledge of the areas that I excel professionally, and the areas in which I need improvement. This course was also an asset to my professional career, understanding the types of communication is important. It is also important to differentiate between audiences to establish the correct style to deliver successfully a message.…

    • 304 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Miss

    • 1029 Words
    • 5 Pages

    A personal development plan is to help you throughout life, you will need a development plan for, education and your career. You do a personal development plan as it help your manager or person you may work for get to know there staff and employees. They can always be used for CV’s, You should be the one involved as it requires your description, what your actions are that you want/are going to take and plans towards achieving your goals. You should always talk to your supervisor about your personal development plan when setting goals talk to your supervisor about the best ways of achieving them.…

    • 1029 Words
    • 5 Pages
    Satisfactory Essays
  • Best Essays

    The Career management plan begins with the employee themselves. They are the key to their own success. ‘A career is not something that should be left to chance; instead, in the evolving world of work it should be shaped and managed more by the individual than by the organization.” (Grove, 1999). While it is important for the employee to manage their own career it is equally important for their managers to develop a career management plan to guide them within the organization. The employee may take this information and either develop from it or become stagnant.…

    • 2296 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    What makes SWOT uniquely powerful is that, with a bit of imagination, it can help discover the opportunities that otherwise would not have spotted. Through an understanding of your weaknesses, it help an individual manage and removing threats that may harm the ability to move forward. If looking at oneself using the SWOT framework, a person can start to separate…

    • 455 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    This Author will discuss those activities that were taken and completed during this course. The discussion will also be tailored around how this course applies to the career plan.…

    • 550 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Career goals are necessary for advancing and moving ahead in life. However, there are two types of career goals long-term and short-term, the reason for short-term goals is for the long-term goals to be achieved, when we tend to success in the short-term goals we are only preparing for what is ahead long-term goals. My career and objectives is to graduate in one more year, continue in my current job for two to three years because in this job I am exposed to opportunities to grow and learn and to understand the profession inside out. My objective is to continue to grow in this filed so I can start my own business in Property Management Company or work for a well-known and respected company with health insurance, vacation time, promotions, and other incentives. In this company we have nothing, but I…

    • 1012 Words
    • 4 Pages
    Good Essays
  • Good Essays

    According to Keirsey Temperament Sorter, my personality is ESFJ or guardian provider. According to the report, I am considered an extrovert and I have the ability to take in information by sensing. My third psychological preference suggests that I base my decisions on personal feelings. In dealing with the outside world, my personality is judging. Overall, I agree with my MBTI personality test.…

    • 809 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Creating and formatting a curriculum vitae (CV) is highly significant and one of the most important primary documents for a professional in the corporate industry. So, whether you have just graduated and are about to step into your new phase of life in the corporate world or wish to switch your current job for a better opportunity, having a well-designed and organized resume is crucial. Just as the resume is an important paper in your pile of documents highlighting all the facts about your professional life, the career aspiration under the objective column is imperative in any resume. This gives the employer a quick idea about what you are seeking from the company and the job applied for. As such, it enables the employer to take the decision easily analyzing how well the applicant will suit the company and position. Thus, it is important to design and tone your career aspirations as per the company requirements. And if you miss out on listing your career aspirations, you are giving a negative sign to your employers to think that you are still undecided or are probably unknowledgeable about the professional world. Further, while writing the career objective, make sure that it complies with the style and language of the remaining resume. Find some effectual and helpful examples of career aspirations in the following text.…

    • 1061 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Career Development Theories

    • 2783 Words
    • 14 Pages

    Career Development is a “continuous lifelong process of developmental experiences that focuses on seeking, obtaining and processing information about self, occupational and educational alternatives, life styles and role options” (Hansen, 1976). Put another way, career development is the process through which people come to understand them as they relate to the world of work and their role in it.…

    • 2783 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Life is a funny place. It seems we go from kindergarten to retirement in the blink of an eye. We have retirement plans that we put in place as soon as we can. We have plans for dinner, vacation plans, building plans, weekend plans, landscape plans, and we have plans for everything. Why do we plan out everything? We schedule weekend plans for fun because it is important. We schedule dinner plans to meet with friends so we can spend time together. We follow building plans because our homes are important to us. We follow landscape plans so our yards will look nice. All of those things are important to us and warrant a plan so that we don’t forget to do them and so that we can set aside the time to do them right. Why do you need a five-year career plan? Your career warrants at least the same importance as our yards, and dinner. A career plan provides a jumping off point that provides direction and gives you a goal of where you expect to be in five years.…

    • 419 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Why I Want to Mba Course

    • 896 Words
    • 3 Pages

    In this day and age of rapid economic and technological developments, and regulatory changes, planning anything for more than 3 years is fraught with danger. It is very likely that your idea of 'tomorrow' will change before 'tomorrow' actually arrives, hence your focus should be on immediate to mid foreseeable future. In my opinion anything more than a 5 year plan should be strictly at a very high level (philosophical) in nature. For example don't aim at becoming a CFO, rather target a management position that is equivalent of a CFO position. Given this, your focus should be on how good your competencies are in the present day and how you may further improve them. What kind of initiatives you'd take to enhance your skill set…

    • 896 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Chemical Engineering

    • 4819 Words
    • 20 Pages

    The Field - Preparation - Day in the Life - Industries - Earnings Employment - Professional Development - Career Path Forecast Professional Organizations…

    • 4819 Words
    • 20 Pages
    Good Essays
  • Satisfactory Essays

    Human Resource Planning

    • 306 Words
    • 2 Pages

    5) Explain the aims and objectives of career planning. Describe the benefits of career planning by citing suitable examples from any organisation you are aware of. Discuss the concept of career planning and succession planning in today’s rapidly changing environment.…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Career Planning

    • 1401 Words
    • 6 Pages

    It is very important that you set some career planning goals while planning a career. It is important to have a long term vision. These should be achievable and motivating. The focus should not be narrow, explore different options that are available. This will be the guiding factor.…

    • 1401 Words
    • 6 Pages
    Powerful Essays