Career Management and Development Essay Example | Topics and Well Written Essays - 3000 words

Career Management and Development - Essay Example This paper attempts to understand and discuss various facets of career management and development in close focus with graduate careers. The discussion also aims to create an awareness of the present workplace scenario, its issues, challenges and methods to overcome it. Career theories and its relevance and the implications of the broader social forces on career are also looked at. For our purpose of understanding let us view the discussion using the banking segment in the UK as an illustration. Job description: a) Establishing and nurturing healthy customer relationships. b) Planning and implementing effective sales strategies. c) Evaluating the effectiveness of new and existing financial products. d) Offer operational support as part of daily routine. e) Being a part of the team achieve targets. f)Processing data to produce accurate facts, figures and reports. Work Conditions And Benefits: 'Range of typical salaries for entrants on graduate management trainee programmes: 23,000 - 32,000 (usually part of a package including a 'signing on' bonus of 3,000 - 5,000). Working hours are generally nine to five but extra hours are required from time to time. Part-time, flexible working and career break opportunities do exist. The demands of fulfilling annual targets, meeting corporate objectives, and continued professional development training may sometimes give rise to stress,' says a website called prospect. Requirements For New Entrants: Although the banking sector is open to all, some functions may requires specialisation in disciplines such as mathematics; finance; business studies; economics; law; accounting. A good honours degree, usually a 2.1 or above, is required. However, entry at other levels is possible for graduates with less than a 2.1 or with an HND, especially if applicants have relevant work experience. Pre-entry work experience in the form vacation work, sandwich placements (paid or unpaid), internships and temporary or permanent work experience in a financial, customer-led environment, such as sales is desirable. In addition to an excellent academic record, graduates also need to have excellent interpersonal skills; leadership qualities; exemplary written and oral communication skills; analytical skills; willingness to relocate; flexibility and adaptability in responding to change; creative thinking and an enquiring mind; enthusiasm and a commitment to further training. With banks going global and expanding their product and service portfolio, IT skills have become advantageous, in depth knowledge of the national and international industry along with sound business acumen are essential. Training Programs and Methods: There are a variety of training options provided for new entrants joining graduate training programmes. On-the-job training, Specialised technical training, or entry to a specific functional area such as human resources, accountancy or computing, or to comply with regulatory requirements are just a few to name. Internal and external training provided in various forms like work-shadowing experienced colleagues, evening classes, a limited number of day-release courses, distance learning packages and workshops. In-house training is becoming increasingly popular. Some banks also provide training