your career: doing what matters most
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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. - PowerPoint PPT PresentationTRANSCRIPT
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
Your Career: Your Career: Doing What Matters MostDoing What Matters Most
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-A
Relationship of Career and Earning PowerRelationship of Career and Earning Power
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-B
Reasons Employees Are RewardedReasons Employees Are Rewarded• They add value with They add value with
their ideas.their ideas.• They learn new skills.They learn new skills.• They help the business They help the business
grow.grow.• They take on additional They take on additional
responsibility.responsibility.• Can you think of Can you think of
others?others?
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-C
The Opportunity Cost of WorkingThe 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
7-D-17-D-1
Key Employee SkillsKey Employee Skills
Basic SkillsBasic Skills
InterpersonalInterpersonalSkillsSkills
Information ManagementInformation ManagementSkillsSkills
SystemsSystemsSkillsSkills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal SkillsResource ManagementResource Management
SkillsSkills
Basic SkillsBasic SkillsBasic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Able to read, write, perform Able to read, write, perform basic math computations; basic math computations; listens well; speaks clearlylistens well; speaks clearly
Key Employee SkillsKey Employee Skills
7-D-27-D-2
Personal SkillsPersonal Skills
Goal driven, positive self Goal driven, positive self image, sociable, realistic self-image, sociable, realistic self-
assessment, demonstrates assessment, demonstrates honestyhonesty
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-37-D-3
InterpersonalInterpersonal Skills
Team player, able to Team player, able to teach and lead other teach and lead other
employees with diverse employees with diverse backgrounds, meets backgrounds, meets
customer expectations, customer expectations, negotiates wellnegotiates well
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-47-D-4
Organizational Organizational SkillsSkills
Works well in an Works well in an organization, can monitor organization, can monitor and correct performance, and correct performance, suggests improvements to suggests improvements to
the organizationthe organization
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-57-D-5
Thinking SkillsThinking Skills
Creates new ideas, makes Creates new ideas, makes decisions, solves decisions, solves
problems, organizes problems, organizes information, learns information, learns
efficiently, can reason efficiently, can reason things outthings out
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-67-D-6
Resource Resource Management SkillsManagement Skills
Makes good use of time, Makes good use of time, money, materials, and money, materials, and
employee resources. Thinks employee resources. Thinks of more efficient ways of of more efficient ways of
doing thingsdoing things
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-77-D-7
Information Information Management SkillsManagement Skills
Acquires, assimilates, and Acquires, assimilates, and organizes information; has organizes information; has
solid analytical and problem-solid analytical and problem-solving skillssolving skills
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-87-D-8
Technology SkillsTechnology Skills
Solid skills in various Solid skills in various electronic media electronic media
(computers), can operate (computers), can operate various types of equipment various types of equipment with ease, can maintain and with ease, can maintain and
repair equipment repair equipment
Basic SkillsBasic Skills
Interpersonal SkillsInterpersonal Skills
Information Information Management SkillsManagement Skills
Organizational SkillsOrganizational Skills
Technology SkillsTechnology Skills
Thinking SkillsThinking Skills
Personal SkillsPersonal Skills
Resource Resource Management SkillsManagement Skills
MenuMenu
Key Employee SkillsKey Employee Skills
7-D-97-D-9
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-E
Career PathwayCareer Pathway
Internship / PT Job in Related Field
Receives Formal Education/Training
Takes First Job
On-the-job training
School at Night
Promotion
Goes back to School to Study More in Chosen Field
Takes new job
Explore Career in HS Years
Promotes to Higher-paying Position
Takes Next Job at Higher Pay
7-F
Education and ExperienceNEFE High School Financial Planning ProgramNEFE 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
ion
s o
f 2
00
6 d
olla
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
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-G
Ranking Order of Key Employee SkillsRanking Order of Key Employee Skills
11
55
99
1010
66
22
77
1212
1111
88
44
1313
33
Click Here Click Here to Find to Find
Out What Out What Employers Employers
WantWant
Source: Job Outlook 2006, National Association of Colleges and Employers
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-H
Average College CostsSample Average Undergraduate Costs, 2005-06
Four Year Public Institutions
Four Year Private Institutions
Resident . . . . . . . . . . . . . . . . . . . . . . . . . .
Out-of-State . . . . . . . . . . . . . . . . . . . . . . .
Resident . . . . . . . . . . . . . . . . . . . . . . . . .
$16,357
$26,304
$33,301
Source: College Board’s Trends in College Pricing, 2006
7-I
Edu
catio
n Earnings
Bureau of Labor Bureau of Labor Statistics, 2006Statistics, 2006
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-J
How Much is Class Worth?
NEFE High School Financial Planning ProgramNEFE 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
ion
s o
f 2
00
6 d
olla
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
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-K-1
Typical Employee Benefits
• Hospitalization, Medical, and Disability Insurance
• Dental and Vision Insurance
• Accidental Death Insurance
• Sick Leave
• Paid Vacation Time and Holidays
• Parental Leave
1 of 2
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-K-2
Typical Employee Benefits
• Worker’s Compensation Insurance
• Life Insurance
• Retirement Benefits
• Retirement Savings Plans
• Employee Assistance Programs
2 of 2
NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most
7-L
Factors that Can Affect Your Earning PotentialFactors that Can Affect Your Earning Potential
Business DownturnBusiness Downturn
Being Laid OffBeing Laid Off
Life-Changing SituationsLife-Changing SituationsChanging CareersChanging Careers
PromotionsPromotions
RelocationRelocation
Business UpturnBusiness Upturn
Additional TrainingAdditional Training
What other factors can you think of?What other factors can you think of?
A New JobA New Job
Being FiredBeing Fired
Advanced DegreesAdvanced Degrees