Career planning and succession planning are important for organizations and employees. Career planning involves self-assessment, exploring academic and career options, gaining relevant experience, and conducting a job search. It helps attract and retain talent, improve productivity and morale, and aid in succession planning. Succession planning defines and plans for replacing key roles. Organizations provide career development programs through training, mentoring, and feedback to help employees progress along their career paths. Career stages impact planning as employee needs change over time. Regular assessments and action planning are important parts of effective career development systems.