Hi Arooj,
Actually, after interacting with the respective employee, the management and the employee will decide on a particular goal they wish to achieve. So, accordingly, after setting their goal and career timeline, we need to create a career plan for him/her.
For example, an "X" employee is currently working as a Project Engineer with a few tasks, and for performing these tasks, he/she possesses certain skills. Now, the management and the "X" employee have decided that the "X" employee will transition to the role of a Project Manager within a span of 3 years, which aligns with the "X" employee's career timeline. To achieve this, the employee needs to acquire specific skills and should be provided with suitable opportunities. For instance, if as a Project Engineer he is handling 5 projects, then as a Project Manager, he should be capable of managing around 50 projects along with overseeing his team.
To monitor and track these individual employee plans, I have designed a format which is attached here.
I hope the details are clear now.
Thanks,
Sowmya