What do you mean by career planning? What are its objectives?

What do you mean by career planning? What are its objectives?

Career planning is the process by which one selects career goals and the path of these goals. It is not an event or end in itself; it is a continuous process of developing human resources for achieving optimum results. The objectives of career planning are:

•Attract and retain talent by offering careers, not jobs.
•Use human resource effectively and achieve greater productivity.
•Reduce employee turnover.
•Improve employee morale and motivation.
•Meet the immediate and future Human resource needs of the organization on immediate basis.