Section 4: Education

 Distinguish human capital vs human resources  Explain how education plays a role in planning for ALL careers

 Human Resources just refers to people. If you asked WHS about their human resources, they would probably just give you the number of people who work here  Human Capital refers to the knowledge, creativity, talents, productivity etc that is brought to the company by their human resources (employees). One talented, productive employee is better (and cheaper) than lots of uneducated worker bees This is why you need to BRING IT to get a job!

 Skills that will help you in multiple jobs Typing Being personable Mechanics Writing Reading Knowledge of law or policy

 Employers don’t want to train someone with NO knowledge, so… If you want to be a nurse, make your “teen job” working at a retirement home or hospital, NOT McDonalds Create a history that promotes TRANSFERABLE SKILLS

 As jobs are changed or made obsolete, employees are retrained for new (often related) jobs. EX: if the secretary is replaced with automated call systems, he/she may be retrained as a maintenance tech for the system

 Form of self-investment  Increases career, occupation, and job opportunities  Generally: Education Income Earning Ability Education

 Which education level has the opportunity to earn the highest income? Education level U.S. median income for each education level (2009) Examples of occupations that require each education level housekeeper, cashier$23,608 bus driver, home health aide $32,552 $36,348 cosmetologist, fitness instructor High school graduate Vocational training- no degree Not high school graduate

Education level U.S. median income for each education level (2009) Examples of occupations that require each education level 2-Year degree (Associate Degree) 4-Year Degree (Bachelor’s Degree) Master’s Degree Professional or Doctorate Degree paralegal, dental hygienist teacher, engineer, accountant physical therapist, psychologist $39,572 $53,300 $65,364 $79,664 attorney, physician, veterinarian

 Distinguish human capital vs human resources  Explain how education plays a role in planning for ALL careers I can prove this by completing: Challenge 3A, 3B, 3C, 3D