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

2. Terms to know 1.Free enterprise oPrivate ownership, profit motive, competition and freedom of choice 2.Dual Income families oBoth parents are working 3.Service occupations oBarbers, mechanics, day care workers 4.Transferable skills oSkills learned used to do on one job and used on another job

3. Terms to Know 5.Technical Skills oTechnical Skills are the basic knowledge required to perform a task. Technical skills can include educational qualifications and degrees that an employee hold. 6.Reliability oTo be worthy of reliance or trust. Reliable worker. 7.Compromise oto give up something to reach a decision 8.Employment forecasters oForecast the future of careers? 5.Economy oThrifty management; frugality in the expenditure or consumption of money, materials (He bought a economy car.)

4. Terms to know 11.Bachelors degree o4 year college degree 12.Community college o2 year college degree 13.Telecommuting oTo work at home using a computer connected to the network of ones computer 14.Trends oA direction of movement

5. Terms to Know 15.Retail oSelling of merchandise directly to the consumer. 16.Labor market oInformation, statistics reflecting state and regional occupational data 17.Cost of living oThe average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc.

6. Terms to Know 15.Geographic ophysical characteristics, especially the surface features, of an area 16.Trade or professional journals oPublications which contain information regarding trends, industrial innovations and training opportunities for specific professions 17.Life long learning oA continuation or learning as skills needed on a job change

7. Question?  Of the current jobs and occupations, which is the fastest growing in terms of jobs. SService occupations RRetail/Whole sell jobs

8. Social changes that have promoted a need for service occupations 1.Women in the workforce 2.Aging population 3.Dual income families 4.Commuting distance/time increasing 5.Increasing diverse workforce and customers 6.Concern for health/fitness 7.New ways of communicating 8.Concern for recreation/entertainment

9. What world events affect goods and services? 1.War 2.Natural disaster 3.Change of government structure 4.Embargo’s/tariffs 5.Terrorism

10. Rapid technological advances have promoted a need for technology producing occupations in 1.Communication methods 2.Telecommuting 3.Manufacturing implications 4.Video/voice conferencing

11. Work Trends Timeline in terms of Economic Conditions 1.Colonial period, (to late 1700’s) –family owned farms, (livestock, poultry, grains) 2.Growth of new nations, (late 1700’s to early 1800’s), town trades, (shop owners, bankers, blacksmiths) 3.Industrial revolution/progressive era, (late 1800’s to early 1900’s), industry development, (steel machinery) 4.Post war America, (1945 through the turn of the century), growth of service related industry, (business, transportation, communication, personal) 5.Knowledge and Information Era, (2000 to present), growth of high technology industry/business, (PC’s, telecommunication, internet, email, CAD/CAM, World Wide Web)

12. In the workplace of 2000 1.Flexibility/creativity vs. endurance/loyalty 2.Feedback frequently vs. yearly 3.Rewards for performance vs. automatic rewards 4.Team rated vs. individually rated 5.Employee self control vs. mangerial control 6.Continuous learning vs. end at graduation (Workforce Development Institute)

13. Question OOf the jobs in the 21 st century, what percent will require technical skills acquired at the bachelor’s level or above? AAbout 20% AAbout 25%

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

15. Continuation 3)Contribution of industry  Strong economy produces goods pays wages  Weak economy cuts production increases prices 4)Economic Cycles  Inflation  Recession  depression

16. Implications of Globalization/Global economy 1.Diverse customers 2.New ways of communication 3.Outsourcing of manufacturing 4.Global competition 5.Less unskilled jobs available 6.E-commerce 7.Telecommuting

17. Employment Trends  Resources 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

18. 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

19. Relocating  Benefits 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

20. 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