A Balanced Plan for Career Development

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Executive Summary

In the tight labor market of the late 1990s, most human resources managers began to pay a great deal more attention to their dwindling future supply of talent and to their policies for developing talent internally. When they did, they realized quickly that the old days of career development were over. Career development opportunities had vanished as corporate restructuring became commonplace in the 1980s. During those times, employees watched opportunities drying up, and they were told to no longer expect the company to look after their job security or their career development. Employees would have to "Manage their own careers." This state of affairs served companies well until new opportunities flourished and the labor market tightened.