Career planning is a recently developed phenomenon and organisations depend on their human capital for their success. This is a new phenomenon that has revolutionised the worlds organisation work procedure. Various organisations around the world have experienced tremendous growth merely because of this factor. But there are technical improvements and also there is tough competition which requires that the human capital of any firm should be skilled and up to the mark to enable the organisation succeed in an atmosphere of competition. It is clear that the extent of any organisations performance depends on this factor. Indeed the performance of the staff is directly linked with the goal attainment of the firm. In this perspective the Human resource management achieves critical importance. It is defined as the formal structure within an organisation that is responsible for decision making entity. ARSLAN AHMAD, PROF ADNAN WASEEM, Lahore, January 14.