Presentation on theme: "Selecting a Career. Objectives 1. Explain the reasons why people work. 2.Differentiate between work, occupation, job, and career. 3.List the factors to."— Presentation transcript:
Selecting a Career
Objectives 1. Explain the reasons why people work. 2.Differentiate between work, occupation, job, and career. 3.List the factors to consider in selecting a career. 4.List the steps in choosing a career.
Why Do People Work? Earning Money Social Satisfaction Positive feelings Prestige Happiness Peers and family
What is the difference between work, an occupation, a job, and a career?
Work An activity that is directed towards a purpose or a goal that produces something of value to oneself and/or to society. A wage may or may not be paid, depending upon the type of work, such as a volunteer.
Occupation The name given to a group of similar tasks that a person performs for pay. Most require specific knowledge and skills to perform them Examples –Legal work, truck driving, etc.
Job A paid position at a specific place or setting. It could be in an office, a store, a factory, a farm, etc.
Career A series of jobs that is pursued in order to achieve the ultimate occupation that the individual wants.
What are the factors one should consider in selecting a career?
Standard of living Personal contact Formal education required Location of employment Practical experience required Will you enjoy your work? Working conditions Amount of leisure time available Security during retirement Your health and happiness
What are the steps in choosing a career?
Step 1: Consider your interests, abilities, and other characteristics Step 2: Narrow the field of jobs Step 3: Study the requirements of the job Step 4: Plan for alternative occupations Step 5: Prepare a plan for career preparation Step 6: Be willing to pay the price for success Step 7: Gain working experience
Whats a Good Job? A guide to selecting, preparing for, evaluating, and landing one.
What are my choices after high school? Work force Military Technical College University –Public –Private –Specialized Other
What are some factors that determine the quality of a job? Pay Health Insurance Dental Insurance Vision Insurance Paid Vacation 401 K Sick Days Emergency Days Personal Days Location Hours Type of work Work environment Advancement Chances Paid Training Enjoyable Work
How are workers usually paid? Hourly wage (possibility of overtime) Annual Salary Commission Piece work Other (combinations)
Hourly Wage Advantages –Possibility of OT (1 1/2) Disadvantages –Inconsistent income
Annual Salary Advantages –Consistent Income –Same pay regardless of hours worked Disadvantages –No possibility of OT –Same pay regardless of hours worked
Commission/Piece Work Advantages –High income potential –Rewards for good performance Disadvantages –Inconsistent income –Poor performance /Low pay.
How much pay is enough? $5.15/hour = $___________ year $8.00/hour = $___________ year $10.00/hour = $___________ year $12.00/hour = $___________ year $15.00/hour = $___________ year $20.00/hour = $___________ year $25.00/hour = $___________ year In order to be happy, I need to make $________ per year.
Hourly Wage/Annual Salary Wage X 40 hours/week = weekly wage Weekly wage x 50 weeks = yearly wage
How much pay is enough? Water Car Insurance Rent/Mortgage Insurance Toys Clothing Furniture Spending Money Gas Medical/Medicine Rent/Mortgage Car Payment Groceries Phone Taxes (15-35%) FICA Retirement Heat Electricity Household supplies
Now how much is enough? –Total Monthly Costs –Required Monthly Income –Wage/Salary Required
What about other benefits? –Medical Benefits –Dental Benefits –401 K –Sick, Personal, Emergency Days –Others In a good job, you benefits account for 33% of your overall compensation?
Lets compare! –Average earnings w/ high school diploma = $_________________ –Average earnings w/ an associates degree = $__________ –Average earnings w/ a bachelors degree = $__________________
How much does an education cost? –Associates Degree –Bachelors Degree
How much does not pursuing an education cost? –Lifetime Earnings –Retirement Earnings –Social Security Earnings –Interest Earnings