Relationship of Career and Earning Power

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Unit 7 - Your Career Doing What Matters Most
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(No Transcript)
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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
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Reasons Employees Are Rewarded

• They add value with their ideas.
• They learn new skills.
• They help the business grow.
• They take on additional responsibility.
• Can you think of others?

7-B
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The Opportunity Cost of Working

• Take an evening shift job
• Decide to stay in current position
• Go to college and start work later on

• Give up time with family and friends
• Instead of relocating to take a better job
• And get a better-paying job as a result

Can You Think of Some Other Examples?
7-C
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Key Employee Skills
Basic Skills
Thinking Skills
Resource Management Skills
Personal Skills
Interpersonal Skills
Information Management Skills
Systems Skills
Technology Skills
7-D-1
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Key Employee Skills
Menu
Basic Skills
Basic Skills
Personal Skills
Interpersonal Skills
Able to read, write, perform basic math
computations listens well speaks clearly
Organizational Skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-2
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Key Employee Skills
Menu
Personal Skills
Basic Skills
Personal Skills
Interpersonal Skills
Goal driven, positive self image, sociable,
realistic self-assessment, demonstrates honesty
Organizational Skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-3
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Key Employee Skills
Menu
Interpersonal Skills
Basic Skills
Personal Skills
Team player, able to teach and lead other
employees with diverse backgrounds, meets
customer expectations, negotiates well
Interpersonal Skills
Organizational Skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-4
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Key Employee Skills
Menu
Organizational Skills
Basic Skills
Personal Skills
Interpersonal Skills
Organizational Skills
Works well in an organization, can monitor and
correct performance, suggests improvements to the
organization
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-5
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Key Employee Skills
Menu
Thinking Skills
Basic Skills
Personal Skills
Creates new ideas, makes decisions, solves
problems, organizes information, learns
efficiently, can reason things out
Interpersonal Skills
Organizational Skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-6
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Key Employee Skills
Menu
Resource Management Skills
Basic Skills
Personal Skills
Interpersonal Skills
Organizational Skills
Makes good use of time, money, materials, and
employee resources. Thinks of more efficient ways
of doing things
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-7
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Key Employee Skills
Menu
Information Management Skills
Basic Skills
Personal Skills
Interpersonal Skills
Organizational Skills
Acquires, assimilates, and organizes information
has solid analytical and problem-solving skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-8
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Key Employee Skills
Menu
Technology Skills
Basic Skills
Personal Skills
Interpersonal Skills
Solid skills in various electronic media
(computers), can operate various types of
equipment with ease, can maintain and repair
equipment
Organizational Skills
Thinking Skills
Resource Management Skills
Information Management Skills
Technology Skills
7-D-9
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Career Pathway
Explore Career in HS Years
Internship / PT Job in Related Field
Receives Formal Education/Training
Takes First Job
Promotes to Higher-paying Position
Goes back to School to Study More in Chosen Field
Takes Next Job at Higher Pay
School at Night
On-the-job training
Promotion
7-E
Takes new job
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Education and Experience
NEFE High School Financial Planning Program
7-F
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Ranking Order of Key Employee Skills
Click Here to Find Out What Employers Want
Source Job Outlook 2006, National Association of
Colleges and Employers
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Average College Costs
Sample Average Undergraduate Costs, 2005-06
Four Year Public Institutions US Idaho
Resident . . . . . . . . . . . . . . . . . . . .
. . . . . .
16,357 8,317
26,304
Out-of-State . . . . . . . . . . . . . . . . . .
. . . . ..
Four Year Private Institutions
33,301 16,400
Resident . . . . . . . . . . . . . . . . . . . .
. . . . .
Sources College Boards Trends in College
Pricing, 2006 Higher Education in
Idaho, 2005
Note Idaho costs are for tuition/fees and room
board, only
7-H
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http//www.boardofed.idaho.gov/HiEd/HigherEd2008.p
df
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ID Board of Education, 2008, Higher Education in
Idaho, 48 pages
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Education
Earnings
Bureau of Labor Statistics, 2006
7-I
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How Much is Class Worth?
NEFE High School Financial Planning Program
7-J
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http//www.bls.gov/OCO/
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Typical Employee Benefits
1 of 2

• Hospitalization, Medical, and Disability
  Insurance
• Dental and Vision Insurance
• Accidental Death Insurance
• Sick Leave
• Paid Vacation Time and Holidays
• Parental Leave

7-K-1
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Typical Employee Benefits
2 of 2

• Workers Compensation Insurance
• Life Insurance
• Retirement Benefits
• Retirement Savings Plans
• Employee Assistance Programs

7-K-2
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Factors that Can Affect Your Earning Potential
Promotions
Being Fired
Being Laid Off
Additional Training
Advanced Degrees
A New Job
Business Downturn
Relocation
Changing Careers
Life-Changing Situations
Business Upturn
What other factors can you think of?
7-L
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When Teaching About Career Choices Include

• Start with your interests and values
• Changing your mind is OK
• Work should be enjoyable at least sometimes
• Exposure to various kinds of workplaces can help
• Wall Street Journal, 2007

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http//www.kiplinger.com/money/payingforcollege/
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http//www.salliemae.com
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Topics in Unit 7

• Being your own boss
• Summary
• Career choices affect earnings
• Education affects career choices earnings
• Skills employers are looking for
• Employee benefits
• Other career factors

Do you have questions?