Published by MBA Skool Team, Last Updated: December 18, 2020
What is Career Path?
Career path refers to the growth or trajectory of the employee in an organization. Career Path basically means the various positions an employee moves on one by one as he grows in an organization. The employee may move vertically most of the time but also move laterally or cross functionally to move to a different type of job role. Career path is used interchangeably with career ladder. Most successful companies chalk out a career path/career ladder for the employees in order to provide them with a realistic picture of their position in the coming years in order to retain them. Having a clear idea about future positions and job responsibilities, the employee and the company can work to identify areas where relevant training is required for the employee to build his competencies to fulfill future job requirements.
Importance of Career Path
Career path is not only a series of positions one takes but also an opportunity to achieve overall positive career development. Career path provides various options like in example below. The decision points can determine how well your career would go farther. Right and informed decisions can help you move to better positions and vice versa. The career path is the result of the decisions and hardwork put by an individual.
Company should also work towards ensuring that its employees move in career path the way they want to. Proper job analysis should be done in order to make sure the employees are satisfied and achieve higher positions in the organization itself rather than moving to other organizations in search for better path. An employee must also constantly acquire new skills like leadership, time management, communication management, team management etc. These people management skills help the employee rise in an organization as well as have positive motivation towards work.
Career Path Example
The image above shows an example of career path an employee can take in an IT company. After Senior Software developer role/position in his career, an employee can chose to be either a computer architect or an engineering manager. The career path he/she takes now would determine the roles in future. In the example below Principal Computer Architect or Senior Manager are the two positions based on the positions chosen last.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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