chapter 7 – education – career information. 7-a relationship of career and earning power
TRANSCRIPT
Chapter 7 – Education – Career Information
7-A
Relationship of Career and Earning Power
7-B
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?
An associate degree is similar to a bachelor’s degree, but it usually takes two years instead of four.
Associate degree
Bachelor’s Degree
A bachelor’s degree is an academic title usually awarded after you have completed four years of college with an emphasis in one or two areas of study.
Graduate school is the school people go to after they earn their bachelor's degrees.
Graduate School
Also called junior colleges or city colleges. They offer two-year programs of college-level work and associate degrees.
Community Colleges
Adult education consists of programs designed for adults who want to retain for new careers or improve their skills for advancement in their current career areas.
Adult Education
These schools are often called technical schools, because they usually prepare people for jobs that involve the newest technologies. They usually don’t include general courses in any areas other than the one you choose.
Trade or Vocational Schools
7-I
Ed
uca
tion E
arn
ing
s
Bureau of Labor Statistics, 2006
7-J
How Much is Class Worth?
NEFE High School Financial Planning Program
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
1 2 3 4 5 6 7 8Some high school, no degree
High school diploma, or equivalent
Associate Degree
Professional Degree
Doctoral Degree
Master’s Degree
Bachelor’s Degree
Some college, no degree
Mill
ions
of
20
06
dolla
rs
Worklife earnings estimates by highest level of educational attainment
Source, US Census Bureau, current population survey, educational attainment in the US. 2005
11.2
1.51.6
2.5
2.1
3.4
4.4
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
1 of 2
Typical Employee Benefits
Worker’s Compensation Insurance Life Insurance Retirement Benefits Retirement Savings Plans Employee Assistance Programs
7-K-2
2 of 2
Factors that Can Affect Your Earning Potential
7-L
Business Downturn
Being Laid Off
Life-Changing Situations
Changing Careers
Promotions
Relocation
Business Upturn
Additional Training
What other factors can you think of?
A New Job
Being Fired
Advanced Degrees