According to Wikipedia, "Career Development or Career Development Planning refers to the process an individual may undergo to evolve their occupational status. It is the process of making decisions for long term learning, to align personal needs of physical or psychological fulfillment with career advancement opportunities. Career Development can also refer to the total encompassment of an individual's work-related experiences, leading up to the occupational role they may hold within an organization."
Career development planning is very important to get higher positions with higher salaries.
Before that, you should know about the approximate career path for your specific job. Here is an article about What is a Career Path.
To know more detailed information about career development, here is an article about What is Career Development. Here is another article about some Career Development Tips.
Generally speaking, if you start from a technical position, you can move to a management position, and could move to be a director or become a CEO, or start your own business; another career path would be to become an expert or a scientist in the industry. The same logic can be applied to other positions, which could be quite different in career paths.
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