Chapter 1 How Your Choices Affect Income

Slide 2 What Is the Job Market? Job market refers to jobs available for workers. A skill set is the unique skills and abilities you bring to the job market. o Hard skills are technical. o Soft skills are nontechnical. 1-1 Personal Skills and the Job Market

Slide 3 Job Choices Affect Your Income 1-1 Personal Skills and the Job Market Fastest-Growing Occupations, 2008–18 Occupation Expected Growth 2008–18 Education Required Biomedical engineers72%Bachelor’s degree Network, systems, and communications analysts53%Bachelor’s degree Home health aides50% Short-term training and on-the-job experience Financial examiners46%Bachelor’s degree Medical scientists41%Doctoral degree Physician assistants39%Master’s degree Skin care specialists38%Post-secondary skills Source: United States Department of Labor, Bureau of Labor Statistics,

Slide 4 Learning about Job Requirements 1-1 Personal Skills and the Job Market Job title is the name of a job. o Example: Baker Job description describes what a job would be like. o Includes: education, experience, hours, work site, location

Slide 5 How Does Education Affect Your Income? 1-1 Personal Skills and the Job Market

Slide 6 Building Communications Skills Listening Face and look at the person who is talking. Focus on what the speaker is saying. Ignore distractions. Turn off the phone. Take notes on the main ideas. In a conversation, give feedback or nod. Mentally summarize the main points. 1-1 Personal Skills and the Job Market

Slide 7 What Is the Economy? The economy refers to all the activities related to making and distributing goods and services. A market economy is based on the law of supply and demand. o The price for an item is set at a point that consumers are willing to pay and sellers are willing to accept. 1-2 The Economy and Your Education

Slide 8 The Business Cycle 1-2 The Economy and Your Education

Slide 9 What are the Costs of Education? Tuition is the expense paid by students for instruction at a school. Fees are charged to cover special expenses. o Examples: technology, equipment, supplies Living expenses include food, rent, clothing, transportation, and housing. 1-2 The Economy and Your Education

Slide 10 How Will You Pay for Education and Training? Loans and grants o Examples: financial aid, Pell Grants, subsidized student loan Private student loans Scholarships Work-study programs Work and save 1-2 The Economy and Your Education

Slide 11 Focus On... Student Organizations 1-2 The Economy and Your Education Explore careers of interest. Attend conferences. Apply for scholarships, grants, financial aid. Take part in community service activities. Network and form friendships.

Slide 12 How Can You Find Job Openings? Social networks Job shadowing Cooperative work experience Counselors, teachers, placement centers Websites of businesses Job scout programs Employment agencies 1-3 Job Application Skills and Tools

Slide 13 General Resume Guidelines A resume is a summary of your work experience, education, skills, interests. Have a “master resume.” Tailor each resume to match job opening. Limit resume to one page. Keep resume simple and attractive. List important information on top. Proofread thoroughly. 1-3 Job Application Skills and Tools

Slide 14 The Cover Letter A cover letter introduces you to a prospective employer. 1-3 Job Application Skills and Tools It is short and direct. First paragraph says why you are writing. Second paragraph points out qualifications. Closing paragraph asks for an interview.

Slide 15 How Do You Make Yourself Stand Out? A job application is a form that asks you basic information about your background. A job interview is a face-to-face meeting with a potential employer to discuss a job opening. Follow-up is contact with a prospective employer after the interview. 1-3 Job Application Skills and Tools

Slide 16 Success Skills Advantages include: Wide-range of sources for job information Rapid response to job openings Up-to-the-minute knowledge 1-3 Job Application Skills and Tools Using Social Networking Sites