The advent of the era of liberalization and globalization has transformed the world around us. Due to the fact that the business environment today has become highly competitive and complex majority of the organizations today support the ambitions of employees to learn and develop. Now employees are more aware about their career goals and organization are giving opportunities to their employees to grow and achieve their goals. Today’s new generation design s their career graphs at the beginning of their work as well as organizations want to remain dynamic and growth oriented. Globalization has helped them to identify their strengths and they can cash in their positivity’s. World has become so small and human resources department’s are playing a critical part in any organization which is welcomed by all the companies. This enables quality people to quote their price in market and get a maximum outcome.

 In this regard, career ( planning system and its related diverse concepts contribute in the building success of an organization. In modern era’s fierce competition, management needs to work with efficiency and effectiveness using scarce resources in the pursuit of predetermined organizational goals. At the same time employees are also attentive towards their personal goals. In order to have a golden mean between these two important aspects, companies need to adapt goal concrescence. Therefore companies have to design various strategies to satisfy employee needs, proactive career planning is the best possible way. It is the key process in a career planning system, which uses all the information provided by the organization's assessments of requirements, performance, potential and the management succession plans, and translates it in the form of individual career development programs and also makes general arrangements for management development, career counseling, mentoring and management training.

The Career planning system plays significant role in employee-employer relation. This system is for employee development and has to be based on the shared responsibility between the organization and employee. Employee development is concerned with developing an employee to meet organizational needs. Now most of the companies have realized the fact that if their career planning system availed learning, training and prosperity opportunities the ultimately beneficiary are the companies themselves that reap benefits from the market place.

 Career planning system assists employees in enhancing their skills in their current roles, navigating organizational ladders, gaining personal insights into their strength, development needs and sharpening their ability. It is the deliberate process through which organizations and employees become aware of personal skills, interests, knowledge, motivations and establish action plans to attain specific goals. The following diagram gives us an idea about career planning concept.

In order to understand the key concepts of the career planning system, here are some definitions -: 

Career is defined by the Oxford English Dictionary as “an individual's course or progress through life (or a distinct portion of life)". It is usually considered to pertain to remunerative work (and sometimes also formal education).Whereas “Career planning system is a goal that a person desires to achieve in a selected field or occupation with a well thought out plan which is available for him there.”

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