1 / 15

Good Jobs: How Important Are Credentials?

Good Jobs: How Important Are Credentials?. Cynthia Newhouse EVT 7066 Fall 2008. Postsecondary Education: Is it worth it?. To Enroll or Not to Enroll Most important decision for a U.S. worker Why? Educational Attainment: Plays critical role in labor market

Download Presentation

Good Jobs: How Important Are Credentials?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Good Jobs:How Important Are Credentials? Cynthia Newhouse EVT 7066 Fall 2008

  2. Postsecondary Education:Is it worth it? • To Enroll or Not to Enroll • Most important decision for a U.S. worker • Why? • Educational Attainment: • Plays critical role in labor market • Impacts earnings, job opportunities, & overall job satisfaction • Factors to consider • Educational Trends • Steady increase in number who complete some type of college • Labor Market Trends • A fast-paced increase in number of jobs requiring at least some college

  3. What are “good” jobs • A “good” job • Satisfies 3 needs: • Extrinsic tangible rewards • Intrinsic rewards • Social relationships • Job satisfaction • Determined by type and kinds of rewards received through work (O’Toole & Lawler, 2006) • Due to the nature of employment data, this presentation focuses mostly on the extrinsic reward of salary/wages; however, a truly “good” job with high job satisfaction provides fulfillment of all three needs

  4. Education Premium • The disparity between those with the least amount of education and those with the most amount of education. • Continues to increase over time • In 1979, those who completed college earned 1.6 times those who dropped out of high school • In 2006, this rate rose to 2.5

  5. Educational Attainment Trends Ages 25 or older Only 1 out of every 20 people had earned a college degree Ages 25 – 64 32.6 % have earned a bachelor’s degree 28% have some college 29.6% earned high school diploma or GED 9.8% less than high school diploma 1940 2006

  6. Education: How Far Will You Go? • On average, Education, Income

  7. 2006 Income Disparity by Educational Attainment Having a Bachelor’s degree or higher yields almost 2 and ½ more than those who have not earned their high school diploma

  8. Educational Attainment Trends & Labor Market Trends % of Labor Force ages 25 – 64 by level of educational attainment over time Compare: Some College 1970 – 11.8 % 2005 – 28 % Projected growth in employment between 2001 – 2014 based on educational attainment In 1970, 38.1 % of labor force 25 – 64 did not have more than a high school diploma

  9. High-Growth, High Wages 87% of High-Growth, High-Wage jobs projected for 2004 – 2014 require at least some college

  10. Does Educational Attainment Always Mean Higher Earnings? • No! • Examples: • Air Traffic Controllers earn $117,240 in median annual earnings • However, there are only 3 job openings expected between 2006 – 2016 • Management positions • Many do not require degrees, rather years of experience can qualify you for the job • Median annual earnings are $82,490 • However, 55.4 % of managers have at least a Bachelor’s degree.

  11. Educational Attainment and Unemployment • One relative truth is that education does decrease the likelihood of unemployment:

  12. Occupations with greatest # of projected openings between 2006 - 2016

  13. Does Education/Credentials = “Good” Jobs? • The answer: It depends • Depending on your interests, values, and skill sets, you may be competitive and happy in the low-skill, low-wage service industry • There are a few industries, however specialized (i.e. “Air Traffic Controllers”) and with relatively few job openings, where you can earn good wages, do meaningful work, and experience positive social relationships. • Trends, however, illustrate the growing number and types of occupations which require at least some postsecondary education

  14. Looking Ahead • Encourage informed decision-making • Explore options • Provide resources • Create opportunities for reflection • Design curriculum accordingly • Preparation for college-level work • Preparation for trades, if interested • Preparation for transition into work • Promote “soft” skill development • Provide real-world experiences when possible

  15. References • http://www.dol.gov/oasam/programs/history/herman/reports/futurework/report/chapter1/main.htm • http://www.dol.gov/oasam/programs/history/herman/reports/futurework/report/chapter2/main.htm • https://my.usf.edu/bbcswebdav/users/wblank/EVT%206661/Economic%2C%20Demographic%20%26%20Employment%20Trends/Americas%20Dynamic%20Workforce.pdf • http://data.bls.gov/oep/servlet/oep.noeted.servlet.ActionServlet • http://www.careerinfonet.org/finaidadvisor/earnings.aspx?nodeid=21 • O’Toole, J. and Lawler, E. (2006). The New American Workplace. New York, NY: Palgrave Macmillan.

More Related