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Unit 7 - Your Career: Doing What Matters Most. Relationship of Career and Earning Power. I Need Years to Prepare. Doing what I love to do. I Want a Family. I Want to Make Lots of Money. I Want to Be Happy. 7-A. Reasons Employees Are Rewarded. They add value with their ideas.

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Presentation Transcript
slide1

Unit 7 - Your Career:

Doing What Matters Most

relationship of career and earning power
Relationship of Career and Earning Power

I Need Years to Prepare

Doing what I love to do

I Want a Family

I Want to Make Lots of Money

I Want to Be Happy

7-A

reasons employees are rewarded
Reasons Employees Are Rewarded
  • They add value with their ideas.
  • They learn new skills.
  • They help the business grow.
  • They take on additional responsibility.
  • Can you think of others?

7-B

the opportunity cost of working
Take an evening shift job

Decide to stay in current position…

Going to college and starting work later on

Give up time with family and friends

Instead of relocating to take a better job

And getting a better-paying job as a result

The Opportunity Cost of Working

Can You Think of Some Other Examples?

7-C

key employee skills
Key Employee Skills

Basic Skills

Thinking Skills

Resource Management

Skills

Personal Skills

Interpersonal

Skills

Information Management

Skills

Systems

Skills

Technology Skills

7-D-1

slide6

Key Employee Skills

Menu

Basic Skills

Basic Skills

Personal Skills

Interpersonal Skills

Able to read, write, perform basic math computations; listens well; speaks clearly

Organizational Skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-2

slide7

Key Employee Skills

Menu

Personal Skills

Basic Skills

Personal Skills

Interpersonal Skills

Goal driven, positive self image, sociable, realistic self-assessment, demonstrates honesty

Organizational Skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-3

slide8

Key Employee Skills

Menu

Interpersonal Skills

Basic Skills

Personal Skills

Interpersonal Skills

Team player, able to teach and lead other employees with diverse backgrounds, meets customer expectations, negotiates well

Organizational Skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-4

slide9

Key Employee Skills

Menu

Organizational Skills

Basic Skills

Personal Skills

Interpersonal Skills

Organizational Skills

Works well in an organization, can monitor and correct performance, suggests improvements to the organization

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-5

slide10

Key Employee Skills

Menu

Thinking Skills

Basic Skills

Personal Skills

Interpersonal Skills

Creates new ideas, makes decisions, solves problems, organizes information, learns efficiently, can reason things out

Organizational Skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-6

slide11

Key Employee Skills

Menu

Resource Management Skills

Basic Skills

Personal Skills

Interpersonal Skills

Organizational Skills

Makes good use of time, money, materials, and employee resources. Thinks of more efficient ways of doing things

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-7

slide12

Key Employee Skills

Menu

Information Management Skills

Basic Skills

Personal Skills

Interpersonal Skills

Organizational Skills

Acquires, assimilates, and organizes information; has solid analytical and problem-solving skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-8

slide13

Key Employee Skills

Menu

Technology Skills

Basic Skills

Personal Skills

Interpersonal Skills

Solid skills in various electronic media (computers), can operate various types of equipment with ease, can maintain and repair equipment

Organizational Skills

Thinking Skills

Resource Management Skills

Information Management Skills

Technology Skills

7-D-9

career pathway
Career Pathway

Explore Career in HS Years

Internship / PT Job in Related Field

Receives Formal Education/Training

Takes First Job

Promotes to Higher-paying Position

Goes back to School to Study

More in Chosen Field

Takes Next Job at Higher Pay

School at Night

On-the-job training

Promotion

7-E

Takes new job

education and experience

NEFE High School Financial Planning Program

Worklife earnings estimates by highest level of educational attainment

4.4

3.4

Millions of 2006 dollars

2.5

2.1

1.6

1.5

1.2

1

Some high school, no degree

High school diploma, or equivalent

Some college, no degree

Associate Degree

Bachelor’s Degree

Master’s Degree

Doctoral Degree

Professional Degree

Source, US Census Bureau, current population survey, educational attainment in the US. 2005

Education and Experience

7-F

ranking order of key employee skills

5

1

9

10

6

2

7

12

8

11

13

4

3

Ranking Order of Key Employee Skills

Click Here to Find Out What Employers Want

Source: Job Outlook 2006, National Association of Colleges and Employers

7-G

average college costs
Average College Costs

Sample Average Undergraduate Costs, 2005-06

Four Year Public Institutions

$16,357

Resident . . . . . . . . . . . . . . . . . . . . . . . . . .

$26,304

Out-of-State . . . . . . . . . . . . . . . . . . . . . . .

Four Year Private Institutions

$33,301

Resident . . . . . . . . . . . . . . . . . . . . . . . . .

Source: College Board’s Trends in College Pricing, 2006

7-H

slide18

Education

Earnings

Bureau of Labor Statistics, 2006

7-I

how much is class worth

NEFE High School Financial Planning Program

Worklife earnings estimates by highest level of educational attainment

4.4

3.4

Millions of 2006 dollars

2.5

2.1

1.6

1.5

1.2

1

Some high school, no degree

High school diploma, or equivalent

Some college, no degree

Associate Degree

Bachelor’s Degree

Master’s Degree

Doctoral Degree

Professional Degree

Source, US Census Bureau, current population survey, educational attainment in the US. 2005

How Much is Class Worth?

7-J

typical employee benefits

1 of 2

Typical Employee Benefits
  • Hospitalization, Medical, and Disability Insurance
  • Dental and Vision Insurance
  • Accidental Death Insurance
  • Sick Leave
  • Paid Vacation Time and Holidays
  • Parental Leave

7-K-1

typical employee benefits1

2 of 2

Typical Employee Benefits
  • Worker’s Compensation Insurance
  • Life Insurance
  • Retirement Benefits
  • Retirement Savings Plans
  • Employee Assistance Programs

7-K-2

factors that can affect your earning potential
Factors that Can Affect Your Earning Potential

Promotions

Being Fired

Being Laid Off

Additional Training

Advanced Degrees

A New Job

Business Downturn

Relocation

Changing Careers

Life-Changing Situations

Business Upturn

What other factors can you think of?

7-L