1. 4.03 Outline
Explain employment trends in terms of changing societal needs and economic conditions.

2. Terms to know Free enterprise Dual Income families Service occupations
Private ownership, profit motive, competition and freedom of choice
Dual Income families
Both parents are working
Service occupations
Barbers, mechanics, day care workers
Transferable skills
Skills learned used to do on one job and used on another job

3. Terms to Know Technical Skills Reliability Compromise
Technical Skills are the basic knowledge required to perform a task. Technical skills can include educational qualifications and degrees that an employee hold.
Reliability
To be worthy of reliance or trust. Reliable worker.
Compromise
to give up something to reach a decision
Employment forecasters
Forecast the future of careers?
9. Economy
Thrifty management; frugality in the expenditure or consumption of money, materials (He bought a economy car.)

4. Terms to know 10. Bachelors degree Community college Telecommuting
4 year college degree
Community college
2 year college degree
Telecommuting
To work at home using a computer connected to the network of ones computer
Trends
A direction of movement

5. Terms to Know 14. Retail Labor market Cost of living
Selling of merchandise directly to the consumer.
Labor market
Information, statistics reflecting state and regional occupational data
Cost of living
The average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc.

6. Terms to Know 19. Life long learning 17. Geographic
physical characteristics, especially the surface features, of an area
18. Trade or professional journals
Publications which contain information regarding trends, industrial innovations and training opportunities for specific professions
19. Life long learning
A continuation or learning as skills needed on a job change

7. Social changes that have promoted a need for service occupations
Women in the workforce
Aging population
Dual income families
Commuting distance/time increasing
Increasing diverse workforce and customers
Concern for health/fitness
New ways of communicating
Concern for recreation/entertainment

8. What world events affect goods and services?
War
Natural disaster
Change of government structure
Embargo’s/tariffs
Terrorism

9. Communication methods Telecommuting Manufacturing implications
Rapid technological advances have promoted a need for technology producing occupations in
Communication methods
Telecommuting
Manufacturing implications
Video/voice conferencing

10. Work Trends Timeline in terms of Economic Conditions
Colonial period, (to late 1700’s) –family owned farms, (livestock, poultry, grains)
Growth of new nations, (late 1700’s to early 1800’s), town trades, (shop owners, bankers, blacksmiths)
Industrial revolution/progressive era, (late 1800’s to early 1900’s), industry development, (steel machinery)
Post war America, (1945 through the turn of the century), growth of service related industry, (business, transportation, communication, personal)
Knowledge and Information Era, (2000 to present), growth of high technology industry/business, (PC’s, telecommunication, internet, , CAD/CAM, World Wide Web)

11. In the workplace of 2000 Flexibility/creativity vs. endurance/loyalty
Feedback frequently vs. yearly
Rewards for performance vs. automatic rewards
Team rated vs. individually rated
Employee self control vs. managerial control
Continuous learning vs. end at graduation (Workforce Development Institute)

12. Employment implication of globalization
Free Enterprise System
Freedom to own property
1. Freedom to buy and sell goods
2. Contributions of people
Strong economy
Produce labor
Spend money
Weak economy
Cut back on spending
Lay-offs/business closure

13. Cont 3. Contribution of industry 4. Economic Cycles Inflation
Strong economy
Recession
produces goods
depression
pays wages
Weak economy
cuts production
increases prices

14. Implications of Globalization/Global economy
Diverse customers
New ways of communication
Outsourcing of manufacturing
Global competition
Less unskilled jobs available
E-commerce
Telecommuting

15. Employment Trends Resources National trends
Career Outlook
Occupational Outlook Handbook (OOH)
Professional organizations/journals
National trends
Service producing vs. goods producing industries
Information producing industries
Increase in careers requiring education beyond high school
Local/Regional labor market data
Economic Development Council
Employment Security Commission
Department of Labor

16. Employment, economic and societal trends in relation to geographic mobility
The impact of world events on the economy and employment
Economy/competition
Strong economy – People move in to find employment opportunities
Weak economy – People move out for new employment opportunities
Governmental action (sanctions/incentives)
Outsourcing of labor
Job growth/transfer
Transportation/commuting
Owner occupant households
Rural occupants to urban areas to find employment opportunity
Constant movement of residence from urban to suburb to rural

17. Relocating Benefits Disadvantages Can help sustain economic growth
Can match people successfully to available jobs based on qualifications
Lowers unemployment rate
Allows an individual to move up socially
Can access personal enrichment resources/experiences
Company relocation benefits provided
Disadvantages
Impact of social mobility on child and elder care
Cost of moving
Dual income families – both spouses finding employment
Selling home
Losing social support network

18. Reasons why changes may require upgrading of employee’s skills
Employment change
Types
Voluntary
Involuntary
Reasons
Keep up with changing technology
Job promotion/transfer
Job outlook
Job loss
Career change
Changing job description/job duties
Implications for career planning
SCANS Competencies/Transferable Skills
Lifelong Learning
Analysis of case study work histories