How might a corporate policy specify training, performance management and reward systems integrate career-planning considerations?
Employee development and enrichment is an important aspect of corporate human resources policies. Career ladders are a corporate policy that integrates trianing, performance management and reward systems.
A career ladder is a process where an employee systematically moves up to higher level positions pre-defined by the organization. The career ladder allows the employee to be promoted to the next level of position without applying for the job or having to post the position. Employees typically do not skip steps within the career ladder system.
The career ladder enables the organization to provide further training to an individual who needs additional skills. Performance evaluations are conducted to determine if the employee is ready to move to the next level. Once the employee completes training and has achieved satisfactory evaluations, the employee will be rewarded by receiving a higher level position.