Career planning involves selecting career goals and determining the path to achieve those goals. It is an individual's responsibility to plan their own career by considering factors like their interests, skills, aptitudes, personality, life goals, work values, people skills, experience, and family traditions. Some common problems in career planning include a decline in career opportunities, low career ceilings with limited advancement, downsizing, balancing professional and technical focuses, work-family conflicts, outplacement, concerns about remuneration, and working conditions.