1. UNIT 2: CAREERS AND PLANNING Section 1: Its about YOU

2. I CAN:  Distinguish a job vs an occupation vs a career; salary vs income  Define: Standard of living and Productivity

3. Job vs. Occupation vs. Career  A Task you complete OccupationCareer  A category of work which includes many related jobs  A lifetime journey of building and making good use of your skills, knowledge, and experiences Job

4. Salary or Income  The total amount your business pays you BEFORE taxes, insurance, union dues, etc  The number on your contract or advertised hourly wage  This is what banks, loan officers, etc are looking for  The amount you take home. Usually 75% of your salary.  The number on your check or that is actually deposited into your account  This is what should matter to YOU Salary (AKA WAGES)Income

5. Productivity  How much can you do in a given amount of time  Is influenced by salary EX: if you mow lawns and receive $30 per lawn, you’ll try to cut as many lawns as possible. Whereas, if you mow lawns, but are paid $60 daily regardless of how many lawns are mowed, are you going to mow lots of lawns?  Brainstorm real life examples of this with your table

6. Standard of Living  Minimum standard conditions you want in your life  My standard of living includes: a 3 bedroom/2 bath home, activities for my kids, netflix, wifi, 2 cars, a smart phone, etc I would consider my family to be “struggling” if we didn’t have this minimum standard. Someone else might include a maid or nanny, not having to work, fine dining… This is completely up to the individual

7. CAN I?  Distinguish an occupation vs a career; salary vs income  Define: Standard of living and Productivity I can Prove this by completing  3.1  3.2  3.4  3.11