Understanding the Workplace Module 2 Career & Education Planning Course
Why do people Work? Earn a living Make a Contribution Meet people Use skills and talents Help others Personal Satisfaction
The United States Economy Free enterprise system- individuals or businesses may buy, sell, and set prices with little government control.
Key Factors of a Free Enterprise System Producers- firms that produce a product or crop Consumers-people who use a product Supply- quantity of product available at given time Demand-the amount of a product wanted at a specific time and price Profits- proceeds from a transaction Prices- amount received for an item sold Competition- similar items vying for attention Government Regulations- rules in place to protect consumers
Define a Global Economy The production, purchase and sale of goods in a world-wide market. Example American Agricultural goods sold world wide or Foreign imports to the American Economy.
Compare the effects of a Global economy PROS Cheap Workforce Use of many Raw Materials Technology moves goods quickly CONS Child Labor Laws infringed upon Lower environmental Standards Countries are no longer self sufficient
List influences that impact employment trends and training Technology- has created new career and business opportunities while making others obsolete. Economic-Products may be cheaper to make in other countries. Societal-higher paying jobs are less likely to be in manufacturing and production.
Types of Workforce Placement-work for some one or large corporation Employee gets paid for work No real financial risk to employee Employee must abide decisions of upper management Entrepreneurship- self employed Full financial & business responsibility May not always receive a full pay check Makes all business decisions
Why do we need to plan for a career? It is the basis for a successful career We just can not wish for a career, it takes planning. Less likely to change careers multiple times. “The purpose of life is a life of purpose” Robert Byrne, Poet
Benefits of a career plan To direct the focus of training and education. Choose activities and classes that help me prepare. Take advantage of opportunities to gain skills.