1. Financial Aspects of Career Planning
Chapter 2

2. Choosing a Career Job Career
Work you do to mainly make money
Career
A commitment to work in a field that you find interesting and fulfilling
Very important decision- Financially and personally

3. Trade-offs of Career Decisions
Choice of career affects how much money, how much spare time, and the people you meet
Some people work to maintain a standard of living
A measure of quality of life based on the amounts and kinds of goods and services a person can buy.
Others pursue careers that provide money and personal fulfillment

5. Career Trade-offs
Choosing a career involves trade-offs or opportunity costs
People devote most of their time to work
Sometimes family lives/personal satisfaction suffer
If someone works 40 hours a week from the time they are 21 until they are 55 and live the average of of 75 years then they will have spent about 10% of their life working, or nearly 8 years. However this is no longer a typical person's worklife. Many people begin working before they are 21 and/or work well past age 55. Someone who works 40 hours per week from age 18 to age 65 will have spent approximately 14% of their life working, or almost 11 years of their life. Of course many people also work a lot more than 40 hours per week, perhaps in a managerial or executive position or working multiple jobs. An overachiever of this kind who works 60 hours per week from age 21 to age 65 will have spent over 20% of their life working, or 15 years of their life. And there are many other variations as well.
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6. Recent Trends
Trend
Developments that mark changes in a particular area
People are choosing careers that allow them to spend more personal time

7. Career Training and Skill Development
The more you know the greater chances for success
More education increases your potential earning power
The amount of money you may earn over time

10. Level of Education isn’t the only factor
Field of study
Law medicine generally offer higher salaries than education and fine arts.
It’s your choice!

11. Education isn’t the only ingredient
You will need to adapt and demonstrate quality soft skills
Most successful employees:
Work well with others
Strive to do their best
Problem solvers

12. Personal Factors What do you do best? What do you enjoy?
Aptitudes-Natural abilities people possess
What do you enjoy?
Interest Inventories-Test that help identifies activities you enjoy the most
Does your dream job exist?
Find a job that gives you the right balance of personal satisfaction and financial rewards

13. Assignment Activity 1 and Activity 2 From workbook
Take a career/personality test – Myers Briggs

14. Career Opportunities: Now and in the Future
Chapter 2

15. Social Influences Demographic Trends
Ways in which groups of people change over time.
These developments can affect your employment

16. Some Recent Demographic Trends
More Working Parents
More jobs in child care and food services
More leisure time
Boost interest in health, physical fitness, and recreational products
More elderly people
Greater need for workers in retirement facilities, health care, travel services
Greater demand for ongoing education
Increase in careers for teachers and trainers within business organizations

17. Geographic Trends
When people move from one area of the country to another
Fast growing job markets
Arizona, Colorado, Florida, Georgia, Nevada, North Carolina, Texas
Location also influences earning level
Bigger Cities=higher earnings and higher cost of living

18. Economic Factors High Interest rates Price increases
Gas
Decreased demand for certain goods/services
All can reduce career opportunities
What happens to jobs if people aren’t buying things?

19. Trends in Industry and Technology
Manufacturing jobs down, why?
Increased competition from other countries
Automation has taken over many tasks
Be ready for change -

20. Service Industries on the rise
Those that provide services for a fee
Possible Careers
Computer or Telecommunications
Health Care
Business Services
Social Services
Hospitality services
Management
Education
Financial Services

21. Some Essential Skills Computer Skills Internet
Learning a second language is a big plus

22. Section 2.1 Assignment Pg. 41
Section 2.1 Assignment Page 41
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23. Obtaining Employment and Developing a Career
Section 2.2

24. Today we’ll be talking about…
Employment search strategies
Obtaining employment experience
Using career information sources
Identifying Job Opportunities

25. Employment Search Strategies
Find the job and work on getting an interview first
Pay attention to the little things
Application
Resume
Cover Letter
Be professional!

26. Obtaining Employment Experience
Part-Time Work
Temporary Agencies
Volunteer Work
Unpaid
Internships
A position in which a person receives training by working with people who are experienced in a particular field
Cooperative Education
Students enhance classroom learning with work related to major/interests
Class Projects/After school Activities

27. Using Career Information Services
Libraries
Mass Media
Newspapers
THE INTERNET
School Guidance Offices
Community Organizations
Professional Organizations

28. Some Good Career Search Web sites
Career Search Sites
*Special Source*

29. Continued
Contacts
Networking-a way of making and using contacts to get job information and advice.
Informational Interview-A meeting with someone who works in your area of interest who can provide you with practical info. about the career or company you’re considering

30. Identifying Job Opportunities
Job Advertisements
Newspapers
Internet
Job Fairs
Employment Agencies
Match job hunters with employers
Charge a fee to employer or you or cost is shared

31. Applications
Accurate
Complete
Legible
Timely

32. Assignment
Find 3 job postings for positions you’d consider during summer months or after graduation. Bring them to class in a printed format. You can pull them from online resources, the newspaper, etc.
Complete Subway Practice Application – DO NOT provide your Social Security Number. Keep that blank. Print and complete in black ink.
Gather your educational information, work history, accomplishments/achievements, volunteer experience, memberships, etc

33. Applying for a Job
Resume-a one or two page summary of your education, training, experience, and qualifications
What can you contribute to the company?
Why produce a resume?

34. Why produce a resume…
Without a resume, you can’t even begin to compete.
An inferior resume will quickly eliminate you before you even have a fighting chance.
It is imperative to have a superior resume, one that effectively lets employers know what you can do for them.
What are your transferrable skills?

35. What to Include in a Resume…
Contact Information
Education Experience
Relevant Work History
Appropriate Accomplishments
Professional Memberships
Volunteer Experience
Transferrable Skills

36. What Not to Include in a Resume…
A Crazy Objective
Irrelevant Job Experience
Achievements That Aren’t Achievements
Physical Characteristics
Hobbies
Attention Getters
Private Matters
Unprofessional Contact Information
Personal Information – Social Security Number

37. Resume Tips
Accuracy counts: get spelling, names and phone numbers right
Be honest in order to build trust. There is no chance of a job interview without it and if you get caught out being dishonest, you definitely won't get the job!
First impressions count! Have a polished, professional look to your resume
Review your work carefully. Have others review it. Does it say what you want to do?
Emphasize achievements and TRANSFERABLE skills
Emphasize your strengths: if you're having trouble with this, start by asking your friend and family what your strengths are, they will give you honest and helpful answers.

38. Types of Resumes Chronological Functional Combination Year by Year
Useful for workers with continuous work experience
Functional
Focus on skills and experiences rather than year by year history – soft and technical skills
Combination
Combine the best of chronological and functional

40. Resume Formatting Keep it brief and to the point
Make the headings clear
Keep your paragraphs short and space them out
Use positive, action words
Enlarge and bold your name at the top
Use an Arial or Times New Roman font (or similar)
Font size no smaller then 11pt or larger then 12pt, except for names and headings

41. Resume Formatting Continued
Avoid using “I, He, She, His, Her” in any sentence, and never list salaries
Don’t use pictures and graphics unless you are in the creative field
Leave out photos and hobbies
Focus on your achievements
Use volunteer and community activity if you have limited work experience
Utilize white space
Review, review, and review again!

42. Buzz Words The importance of buzz words… Stay away from
Responsible for
Experienced
Excellent written communication skills
Team Player
Detail Orientated
Successful

43. Cover Letter Sent along with Resume
Tells an employer why you are interested and why you think that it would be worthwhile to interview you
Business letter format

44. Cover Letter Should strengths and accomplishments Use resume paper
What is not included in resume
Or in more detail
Use resume paper
Keep it to one page
To the point – organized thoughts
Avoid boasting, exaggeration, insincerity, and inconsistence

45. Cover Letter Don’ts Don’t overuse “I”
Don’t omit your top selling points
Don’t repeat your resume word-for-word
Don’t forget to customize
Don’t be inconsiderate – thank them
Don’t forget to sign the letter

46. Interviewing Formal meeting with potential employer
Your chance to shine
Learn as much about the company as possible
Demonstrate why you would be the best candidate for the position

47. Interviewing Strategies
Be prepared!
What can you offer?
SELL YOURSELF
Why should they hire you?
Documents to bring…
Professional Dress
Personal Hygiene
Verbal and Non Verbal Communication
Thank You Card

48. Considering A Job Offer
Still Chapter 2

49. The Work Environment and Cultural Fit
Every workplace is unique
How do managers deal with employees?
Ask questions about company policies
Ask about promotions, pay increases, benefits, etc.

50. Big Dot of Happiness www.bigdotofhappiness.com

51. Factors Affecting Salary
Beginning salary depends on:
Education, experience, size of company, average salary for the job
Raises are based on job performance
Ask for feedback from supervisors
Ask for more responsibility

52. Measuring Employee Benefits
Health care
Retirement benefits
Specific needs of your family
Vacation
Cafeteria-style employee benefits
Pension Plan
Retirement plan at least partly funded by the employer
Compare your benefits!

53. Your Rights as an Employee
An employer cannot refuse to hire a woman or terminate her employment because she is pregnant
Cannot discriminate for age, race, color, religion, gender, marital status, national origin, or mental or physical disabilities
Must pay minimum wage/overtime wage

54. Long-Term Career Development
Improve communication skills-get along with co- workers
Develop good work habits- Always complete tasks the best you can
Problems will arise, take action when they do
Demonstrate flexibility

55. Training Opportunities
Changes will happen
Take advantage of training programs, workshops
Some companies pay for college
Read newspapers, magazines
Talk with others in your field

56. Career Paths and Advancement
Interests, values, goals will change over time
Economic conditions, social trends will affect you
Mentor-an experienced employee who serves as a teacher and counselor

57. Changing Careers Most workers change jobs several times
You should move on if:
You feel bored/depressed
Job affects you negatively
Little opportunity for advancement
Poor relationship with supervisor or coworkers
LOVE YOUR WORK!

58. Assignment
Section 2.2 Assessment Page 55
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59. Chapter Assignment – Part 1
Draft a resume and cover letter tailored to one of the job postings you have collected.
Online Personal Finance - Come to room 104 and set up an appointment to review resume and cover letter with Ms. Anderson.

60. Chapter Assignment - Part 2
Review the Interview document
Complete the Interview Prep Questions
Prepare for a mock interview for the position you wrote your resume and cover letter for
Review the Reading Your Pay Stub document

61. Chapter 2 Quiz