Career mapping

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Career mapping

  1. 1. CAREER MAPPING & COMPENSATION MANAGEMENT<br />
  2. 2. Performance Management<br />Compensation is the total reward received by an employee in exchange for services performed for an organization. It can include both direct pay (salary and wages) and indirect pay (benefits programs).<br />FACTOR THAT INFLUENCE PERFORMANCE:<br /><ul><li>Employees tenure and performance;
  3. 3. Company profitability;
  4. 4. Kind of job performed;
  5. 5. Kind of business;
  6. 6. Unionization;
  7. 7. Labor or capital incentives;
  8. 8. Management philosophy;
  9. 9. Graphical location;
  10. 10. Size of the company.</li></li></ul><li>The need of companies & Managers<br />Mobility for growth <br />Competitive remuneration; <br />Performance measurement system; <br />Potential assessment system; <br />Group training inputs <br />Group resourcing<br />
  11. 11. Career Mapping<br />Career Mapping is a process of searching for a career development process that help people manage their careers actively <br /><ul><li>Values (Why)
  12. 12. Skills (What)
  13. 13. Style (How)
  14. 14. Interests (Where)</li></ul>Desired Destination – <br />Where might you be going?<br />Current Position – <br />Where are you starting from?<br />
  15. 15. Career Planning<br />Where to start?<br />What is standing in your way?<br />Interest<br />Style<br />Skill<br />Values<br />Compare<br />
  16. 16. CAREER VALUES MAP<br />
  17. 17. Working with others<br />Looking objectively at issues without<br />having to concern yourself about the<br />feelings of others<br />Relationships, personal service, providing direct benefits to others<br />Service Orientation<br />1<br />Independent decision making, working by yourself<br />Team work, good co-worker relations<br />Team Orientation<br />5<br />Influencing people and events<br />Contributing expertise without being in charge<br />Influence<br />2<br />
  18. 18. Self- Expression<br />Practical well-grounded solutions<br />Creativity and originality<br />Creativity<br />8<br />Independence<br />Clearly outlined roles and functions<br />Being free from the influence of others<br />8<br />Excitement<br />Variety, risk and fast-paced work<br />Predictability, stability and structure<br />3<br />Career Development<br />Personal and professional development<br />Work that uses your present level of knowledge and expertise<br />3<br />
  19. 19. Extrinsic Rewards<br />Professional satisfaction<br />High salary and financial security<br />Financial Rewards<br />2<br />Security, stability and predictability<br />Novelty, variety and change<br />Security<br />1<br />Recognition, admiration and status<br />Pride in performance<br />Prestige<br />2<br />
  20. 20. Current Career Situation<br />Service Orientation - Which of the following best describes your current career situation?<br />S - Work in which you can look objectively at issues<br />D - Having to deal directly with the concerns of people<br />Team Orientation - Which of the following best describes your current career situation?<br />S - A balanced mix of teamwork and independent work<br />D - Having to work alone all of the time or having to work in groups all of the time<br />Influence - Which of the following best describes your current career situation?<br />S - Contributing expertise without being in charge<br />D - High level of responsibility, taking control, influencing people and events<br />Creativity - Which of the following best describes your current career situation?<br />S - Solving problems, using your creativity and originality<br />D - Spending time on straightforward routine activities<br />Independence - Which of the following best describes your current career situation?<br />S - Making independent decisions and being free from the influence of others<br />D - Spending a lot of time consulting with others<br />
  21. 21. Contd…<br />Excitement - Which of the following best describes your current career situation?<br />S - Predictability, stability and structure<br />D - A great deal of variety, change or risk<br />Career Development - Which of the following best describes your current career situation?<br />S - A balance of new activities and consistent routines<br />D - Too much routine or too much change and risk<br />Financial Rewards - Which of the following best describes your current career situation?<br />S - Lots of professional pride<br />D - Work where concerns with money come first<br />Security - Which of the following best describes your current career situation?<br />S - Novelty, variety and change<br />D - Routine or predictable work<br />Prestige - Which of the following best describes your current career situation?<br />S - Knowing for yourself that you have done a good job<br />D - Being the center of attention<br />
  22. 22. EXPLANATION<br />If you have more Ss than Ds you are likely to be having a positive career experience. Check to see that the Core Values listed on the previous page are Ss. If any of them are Ds then you may still experience some frustration in relation to them. <br />If you have more Ds than Ss then you are likely to be feeling somewhat dissatisfied in your current career situation. This will be especially true if you have a large number of core values classified as D.<br />
  23. 23. Nine Elements of a Career Map<br /><ul><li>Purpose
  24. 24. Behavioral strengths
  25. 25. Profession-centered
  26. 26. Competencies
  27. 27. Business competencies
  28. 28. Leadership competencies
  29. 29. Functional accomplishments
  30. 30. Career paths
  31. 31. Developmental experiences
  32. 32. Formal education</li></li></ul><li>
  33. 33. TATA<br />Multinational conglomerate company <br />The largest private corporate group in India<br />Operations in more than 85 countries across six continents, export products and services to 80 nations.<br />
  34. 34.
  35. 35. Characteristics of a Leader<br />According to TATA:<br />Functional Competence<br />People Management Ability<br />Delivery Capability<br />Conceptual Skills<br />Competence with External Agencies<br />Character/Courage of Conviction<br />
  36. 36.
  37. 37. Conclusion<br />~ Your work is to discover your work and then with all your heart to give yourself to it. ~<br />

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