Career development and succession planning is an important components of an organization's plan for many reasons. Having career development is a great motivating skill for existing employees and a great way to keep them performance level up and a way to keep employees. By offering career development it helps with employees that are looking for growth or skill building. This also help attract new talents into the company by offering growth. It also helps the company explore and extend existing employees talents and can help reduce cost for recruiting and hiring new employees. 150 words