Financial Aspects of Career Planning

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• Financial Aspects of Career Planning

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Section 2.1

• Decisions in Planning Your Career
• Key Terms
• Job
• Career
• Standard of living
• Trends
• Potential earning power
• Aptitudes
• Interest inventories
• Demographic trends
• Service industries

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Choosing a Career

• Job
• Career

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Trade-offs of Career Decisions

• Standard of living- A measure of quality of life
  bases on the amounts and kinds of goods and
  services a person can buy.
  
• Recent Trends- Developments that mark changes in
  a particular area.

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Career Training and Skill Development

• Potential earning power- the amount of money you
  may earn over time.
  

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Personal Factors

• You can take special tests to learn more about
  your own abilities, interests, and personal
  qualities. These tests are called aptitude tests
  and interest inventories.

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• What do you do best?
• Aptitudes are the natural abilities that people
  posses.
  
• What do you enjoy?
• Interest inventories are tests that help you
  identify the activities you enjoy the most.
  
• Does your dream job exist?
• Taking aptitude tests and interest inventories
  probably wont lead you to the ideal career. They
  can only point you in the right direction.

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Making Career Decisions

• Stages of career planning, changes, and
  advancement
  
• Assess personal goals, abilities, and interests.
  Research careers.
  
• Identify job opportunities in chosen field.
• Develop a resume and cover letter.Apply for
  jobs.
  
• Interview for available positions. Improve
  interviewing skills.
  
• Consider job offers. Accept the job that meets
  financial and personal requirements.
  
• Plan and implement a program for Career
  development.
  

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Career OpportunitiesNow and in the Future

• Social Influences
• Demographic trends are ways in which groups of
  people change over time.
  
• More working parents
• More leisure time
• More elderly people in the overall population.
• Greater demand for ongoing employment training.

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• Geographic Trends are changes that happen when
  people move from one area of the country to
  another.
  
• Geographic location also influences earning level.

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Economic Factors

• The following can all reduce career
  opportunities
  
• High interest rates
• Price increases
• Decreased demand for certain goods services

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Trends in Industry Technology

• In recent years, the need for manufacturing
  workers has decreased as a result of several
  notable trends. First, increased competition
  from other countries has reduced demand for
  American made products. Second, automation has
  taken over many tasks that used to be done by
  factory workers.
• Service Industries those that provide services
  for a fee, will offer some of the greatest
  employment potential in coming years. Careers in
  these industries include the following

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More Work Trends

• Computers or telecommunication technology.
• Health Care
• Business Service
• Social Services
• Hospitality Services
• Management
• Education

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Section 2.1 Assessment

• Go to page 41.
• Complete Check your understanding questions 1-3
  in your notebook
  
• Find a partner and complete Using communication
  skills question 5. Do the survey on students in
  class. Present your findings to the class.

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Section 2.2Obtaining Employment and Developing a
Career

• Key Terms
• Internship
• Cooperative education
• Networking
• Informational Interview
• Resume
• Cover Letter
• Cafeteria style employee benefits
• Pension plan
• Mentor

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Employment search strategies

• Obtaining Employment Experience
• - Part-Time work
• - Volunteer work
• - Internship Education
• Internship is a position in which a person
  receives training by working with people who are
  experienced in a particular field.
  

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• Cooperative education programs allow students to
  enhance classroom learning with part-time work
  related to their majors and interests.
  
• CLASS PROJECTS OR AFTER-SCHOOL ACTIVITIES

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• Using Career Information Sources
• Libraries
• Mass Media-newspapers
• The Internet
• School Guidance Office
• Community Organizations
• Personal Organizations
• Contacts-Family friends co-workers

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• Networking- is a way of making and using contacts
  to job information and advice.
  
• Informational interview- a meeting with someone
  who works in your area of intrest

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IDENTIFYING JOB OPPORTUNITIES

• Job advertisements-
• all newspapers have classified ads.
• Wall Street Journal
• Job Fairs-
• At a job Fair, recruiters from local and
  national companies set up tables or booths where
  you can discuss job opportunities and submit your
  resume.

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• Employment Agencies
• Other ways to find a job
• -visit or call specific companies
• -Check your local telephone directory
• -Talk to people with similar interests

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APPLYING FOR A JOB

• A resume- a one page summary of your education,
  training, experience and qualifications.
  
• A cover letter- is the personal letter that you
  present along with your resume.
  
• Interview is your chance to shine!!!

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• What education and training qualify you for this
  job?
  
• Why are you interested in working for this
  company?
  
• Other than past jobs, what experiences have
  helped prepare you for this job?
  
• What are your major strengths? Major weaknesses?
• What do you plan to do five to ten years from now.

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Working on the Resume Cover Letter

• Go to page 47 for resume examples
• Go to page 48 for a cover letter example.
• Now lets work on our resumes Cover Letter in
  MS Word

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Considering a Job Offer

• The work environment
• Ask about official company policies. How does
  the company handle pay increases? How does it
  measure the quality of employees work? How does
  it decide which employees to promote?
• Factors Affecting Salary
• Beginning salary will depend on your education
  and experience, the size of the company, and the
  average salary for the job youre considering.
  
• Raises and promotions are a direct result of how
  well you do your job.
  

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• Measuring Employee Benefits
• Youll also want to evaluate what types of
  benefits the company offers besides a paycheck.
  
• Meeting Employee Needs
• Cafeteria-style employee benefits are programs
  that allow workers to choose the benefits that
  best meet their personal needs.
  
• Pension plan, a retirement plan that is funded
  at least in part by an employer.
  
• Comparing Benefits
• The market value of a benefit is what the
  benefit would cost you if you had to pay for it
  yourself.
  

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Your Rights as an Employee

• An employer cannot refuse to hire a woman, or
  terminate her employment because she is
  pregnant.
  
• An employer cannot discriminate against a person
  for any reason related to age,race, color,
  religion,gender,martial status,national origin,or
  any mental or physical disabilities.

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• In certain cases, an employer must pay the
  minimum wage as well as overtime.
  
• An employer must pay for Social Security
  benefits, unemployment insurance, and workers
  compensation.

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Long-Term Career Development

• A job is for today, but a career can last for a
  lifetime.
  
• Make a point of improving your communication
  skills.
  
• Develop good work habits
• Be aware that problems may arise, and be ready to
  take action when they do.

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• Training Opportunities
• Advances in technology are changing the world of
  work at an ever increasing pace.
  
• Career Paths and Advancement
• A mentor is an experienced employee who serves as
  a teacher and counselor for a less experienced
  person.

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• Changing Careers
• You feel bored or depressed at work.
• Your job affects you in a negative way
  physically, or emotionally.
  
• You receive a series of poor performance
  evaluations.
  
• You have little opportunity to win a raise or
  promotion.
  
• You have a poor relationship with your supervisor
  or coworkers.
  

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Chapter 2 ASSESSMENT

• Pg. 55 Complete in your notebook checking your
  understanding questions 1-3.
  
• Complete your worksheets (vocabulary, etc)
• Quiz game is next!!!