How career development impacts employees and companies?

Abstract

This study examines the impact of career development on employees and companies.The background of this study is that career development, which has originally been a part of human resource development for employees, is often said to be a human resource policy for companies to retain their employees. However, in reality, some companies believe that implementing career development as a part of human resource development will cause employees to develop the intention to leave the company, resulting in a series of resignations. This study intends to investigate the effects of career development on both employees and companies. The purpose of this study is three points. First, the study clarifies how career development implemented by firms helps retain human resources over the medium to long term and how it improves their commitment to the firm. Second, it simulates how employees behave in firms that implement career development in the labor market and in firms that do not in order to clarify how differences in firm commitment emerge. Third, it identifies how changes in employee networks affect firms.