“Career Planning and Succession Planning are very vital to meet the challenges thrown by the forces of globalization and liberalization.”

Career planning and succession planning is very vital to meet the challenges due to globalization and liberalization.
Market is open and vast in India and lot of professionally managed companies are entering the market, giving people a lot of scope in enhancing the career with very good and managed companies. No longer a hierarchical an autocratic organizations where no career planning and succession planning is performed.
Lot of recruitment and training cost is incurred due to lack or poor planning of career.People do not see their career drafted and planned by organizations. HR only worries about the present state. No training and induction on work is provided continuously keep the gaps closed for all employees. Retention is the need of the hour. Talent and knowledge of personnel needs to be kept alive. Corporate environment and congenial atmosphere keeps employees motivated to do work.
Competition in the market to get best suitable candidates keep the HR to retain and curve a need career for the employee.
With globalization and liberalization, working hours and freedom to employees in their work, led to companies looking at the HR policies.
The survey recorded the most important changes in human resources in the different companies from 1991-96
Virtually all companies starting placing emphasis on the up gradation of managerial and professional skills.
A flatter organizational structure had resulted in fewer levels of hierarchy and enhanced empowerment; empowerment to all categories, from shop floor workers to managers had facilitated decision-making, flexibility, and trust. This had led to improved employee involvement and motivation.
People at the middle levels of management were becoming more participated and result-oriented. On the other hand, decision-making was increasingly being handled at the group level.
In security level among employees had diminished and their sense of responsibility had increased.
There was emphasis on openness and transparency. An improvement in the communication channels within organization had resulted in better interpersonalChange in recruitment policy had led to the induction of professional with diverse technical, managerial, and academic background.