The Future of Career Development. Essay

1972 Words8 Pages
The Future of Career Development Trends in the changing workplace have created employment practices that have implications for career development. Company downsizing, early retirement buyouts, and the growing use of contingent employment has led some people to fear that full-time employment will not be available to them. However, new configurations of workers and alternative work arrangements do not necessarily signify lost employment opportunities. This Myths and Realities examines the differences between perception and practice as they relates to employment and career development. Loyalty and job security have disappeared The new "partnership" relationship between employer and employee, which is reportedly replacing the old…show more content…
As a result, many organizations are now developing employment agreements (contracts) that bind employees to the organization, ensuring loyalty on both sides. For the workers, this practice requires new skills of contract awareness and negotiation. Most adults are aware of the need for up-to-date occupational, academic, and employability skills as well as flexibility and adaptability to changing workplace conditions. However, in today's employment scene, knowledge of contract law and strategies for contract negotiation have become essential. In a survey of chief financial officers in accounting, finance, and information technology firms, 30 percent said they saw an increase in the number of workers being offered employment agreements ("Your Life" 1997). "According to Runzheimer International, a management consulting firm in Rochester, Wisconsin, 44 percent of the 77 companies it surveyed in 1995 required such agreements, up from 35 percent in 1990" (Vickers 1997, p. 11). Initially, employment contracts were offered only to top management; today, midlevel employees are being asked to sign as well. Job security afforded through the new employment contracts differs from that promised in the old contracts. In the old contracts, the employee was the beneficiary, given the security of continued employment for perseverance on the job. Today,
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