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Your Career: Doing What Matters Most. Relationship of Career and Earning Power.

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Presentation on theme: "Your Career: Doing What Matters Most. Relationship of Career and Earning Power."— Presentation transcript:

1 Your Career: Doing What Matters Most

2 Relationship of Career and Earning Power

3 Reasons why Employees Are Rewarded They add value with their ideas.They add value with their ideas. They learn new skills.They learn new skills. They help the business grow.They help the business grow. They take on additional responsibility.They take on additional responsibility. Can you think of others?Can you think of others?

4 The Opportunity Cost of Working Take an evening shift job Decide to stay in current position… Going to college and starting work later on Give up time with family and friends Instead of relocating to take a better job And getting a better- paying job as a result

5 Key Employee Skills Basic Skills Basic Skills Interpersonal Skills Information Management Information Management Skills Systems Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Resource Management Skills StartHere

6 Basic Skills Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Able to read, write, perform basic math computations; listens well; speaks clearly Key Employee Skills

7 Personal Skills Goal driven, positive self image, sociable, realistic self-assessment, demonstrates honesty Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

8 Interpersonal Interpersonal Skills Team player, able to teach and lead other employees with diverse backgrounds, meets customer expectations, negotiates well Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

9 Organizational Skills Works well in an organization, can monitor and correct performance, suggests improvements to the organization Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

10 Thinking Skills Creates new ideas, makes decisions, solves problems, organizes information, learns efficiently, can reason things out Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

11 Resource Management Skills Makes good use of time, money, materials, and employee resources. Thinks of more efficient ways of doing things Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

12 Information Management Skills Acquires, assimilates, and organizes information; has solid analytical and problem-solving skills Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

13 Technology Skills Solid skills in various electronic media (computers), can operate various types of equipment with ease, can maintain and repair equipment Basic Skills Basic Skills Interpersonal Skills Interpersonal Skills Information Management Skills Information Management Skills Organizational Skills Organizational Skills Technology Skills Technology Skills Thinking Skills Thinking Skills Personal Skills Personal Skills Resource Management Skills Resource Management Skills Menu Key Employee Skills

14 The Career Pathway Internship / PT Job in Related Field Receive Formal Education/Training Take First Job On-the-job training School at Night Promotion Go back to School to Study More in Chosen Field Take new, better job Explore Career in HS Years Promote to Higher-paying Position Take Next Job at Higher Pay

15 Education and Experience Some high school, no degree High school diploma, or equivalent Associate Degree Professional Degree Doctoral Degree Master’s Degree Bachelor’s Degree Some college, no degree Millions of 2006 dollars Worklife earnings estimates by highest level of educational attainment Worklife earnings estimates by highest level of educational attainment Source, US Census Bureau, current population survey, educational attainment in the US. 2005 1 1.2 1.5 1.6 2.5 2.1 3.4 4.4

16 Ranking Order of Key Employee Skills 159 10 6 2 7 12 11 8 4 13 3 Click Here to Find Out What Employers Want Source: Job Outlook 2006, National Association of Colleges and Employers

17 Average College Costs Sample Average Undergraduate Costs, 2005-06 Four Year Public Institutions: Four Year Private Institutions: Resident.......................... Out-of-State....................... Resident......................... $16,357 $26,304 $33,301 Source: College Board’s Trends in College Pricing, 2006

18 Education Earnings Bureau of Labor Statistics, 2006

19 How Much is Class Worth? Some high school, no degree High school diploma, or equivalent Associate Degree Professional Degree Doctoral Degree Master’s Degree Bachelor’s Degree Some college, no degree Millions of 2006 dollars Worklife earnings estimates by highest level of educational attainment Source, US Census Bureau, current population survey, educational attainment in the US. 2005 1 1.2 1.5 1.6 2.5 2.1 3.4 4.4

20 Typical Employee Benefits Hospitalization, Medical, and Disability InsuranceHospitalization, Medical, and Disability Insurance Dental and Vision InsuranceDental and Vision Insurance Accidental Death InsuranceAccidental Death Insurance Sick LeaveSick Leave Paid Vacation Time and HolidaysPaid Vacation Time and Holidays Parental LeaveParental Leave More

21 Typical Employee Benefits Worker’s Compensation InsuranceWorker’s Compensation Insurance Life InsuranceLife Insurance Retirement BenefitsRetirement Benefits Retirement Savings PlansRetirement Savings Plans Employee Assistance ProgramsEmployee Assistance Programs

22 Factors that Can Affect Your Earning Potential Business Down-turn Being Laid Off Life-Changing Situations Changing Careers Promotions Relocation Business Up-turn Additional Training What other factors can you think of? A New Job Being Fired Advanced Degrees

23 Your Career: Doing What Matters Most Questions???


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