Moneyzine
Contents
/Careers Guides/Career Path

Career Path

Moneyzine Editor
Author: 
Moneyzine Editor
1 mins
November 22nd, 2023
Advertiser Disclosure
Career Path

Definition

The term used to describe the historical sequence of jobs or positions held over one's working life is career path. The term can also be used to describe the logical progression of future jobs that an employee strives to hold in order to meet their long-term career objectives.

Explanation

In today's work environment, the employee, their manager, and a member of the human resources department will often work together to develop a career path for an employee. Ultimately, the employee is responsible for making sure they have a career path that enables them to achieve their workplace goals.

Creating a career path or plan consists of three steps:

  • Personal Assessment: understanding past accomplishments, strengths, weaknesses, as well as future career objectives.

  • Planning: alignment of long term career aspirations balanced with non-work objectives, geography / location of jobs, compensation, responsibilities. Plans are needed to ensure objectives are realized.

  • Check: it's important to assess plans over time, making sure the long term direction remains aligned with changing aspirations.

Read more:

Related Terms

  • The process or tools an individual can use to gain insights into their likes and dislikes at work is called a career assessment. Typically, this is a formal process and the career assessment is conducted by an outside service provider or administered through a detailed questionnaire.
    Moneyzine Editor
    Moneyzine Editor
    September 25th, 2023
  • Career Objectives
    Personal career goals, established by professionals in the workplace, are often referred to as career objectives. These are the goals an individual plans to accomplish, hoping to reach their full potential as a member of the workforce. A well-written career objective outlines the specific actions to be taken to reach both long and short term goals.
    Moneyzine Editor
    Moneyzine Editor
    November 22nd, 2023
  • The term career coach refers to a professional that works with clients to achieve both their employment and career aspirations. Career coaches will provide their clients with advice on a number of topics, including employment opportunities, skills development, as well as how to go about changing careers.
    Moneyzine Editor
    Moneyzine Editor
    September 25th, 2023
  • The term career counselor refers to a professional that works with clients, and specializes in successfully helping them to find a new job. Career counselors provide insights into transitioning, managing, and advancing their client's careers.
    Moneyzine Editor
    Moneyzine Editor
    September 25th, 2023
  • Career Planning
    The process an employee goes through to help them determine the course of action they need to take in order to achieve their career objectives is called career planning. Typically performed annually, the career planning process evaluates the skills and knowledge gained to date, and identifies any remaining gaps.
    Moneyzine Editor
    Moneyzine Editor
    November 22nd, 2023
  • The term resignation letter refers to a written notice an employee provides to their employer when they intend to leave the company. Tendering a letter of resignation can help employees to maintain a positive relationship with their employer, while providing notice they intend to resign.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023
  • The term job shadowing refers to working alongside another employee to learn about their organization, skills, roles, and responsibilities. Job shadowing provides an opportunity for participants to share knowledge, hone their leadership skills, and have a better understanding of their career options.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023
  • The term job sharing refers to an arrangement involving two or more part-time employees responsible for the duties of one full-time position. Job sharing can also involve two or more part-time employees apportioning the budget for a full-time employee.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023
  • The term Occupational Outlook Handbook refers to an employment resource that provides information on hundreds of professions and trades. The Occupational Outlook Handbook is published by the Bureau of Labor Statistics; information is derived from the Occupational Employment Statistics (OES) survey.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023
  • The term placement test refers to an assessment that can help an individual identify optimal jobs and career paths. Placement tests take into consideration factors such as the individual's aptitude, interests, personality, skills, and values.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023
  • The term talent management is used to describe a set of processes that ensure a company has a high-performance workforce. A talent management organization will be part of human resources, and is responsible for processes that range from recruiting employees through performance management.
    Moneyzine Editor
    Moneyzine Editor
    September 26th, 2023

Contributors

Moneyzine Editor
The Moneyzine editorial team consists of writers and content specialists with diverse backgrounds.
Moneyzine 2024. All Rights Reserved.