1. Chapter 7 – Education – Career Information

2. 7-A Relationship of Career and Earning Power

3. 7-B Reasons Employees Are Rewarded  They add value with their ideas.  They learn new skills.  They help the business grow.  They take on additional responsibility.  Can you think of others?

4.  An associate degree is similar to a bachelor’s degree, but it usually takes two years instead of four. Associate degree

5. Bachelor’s Degree A bachelor’s degree is an academic title usually awarded after you have completed four years of college with an emphasis in one or two areas of study.

6.  Graduate school is the school people go to after they earn their bachelor's degrees. Graduate School

7.  Also called junior colleges or city colleges. They offer two-year programs of college-level work and associate degrees. Community Colleges

8.  Adult education consists of programs designed for adults who want to retain for new careers or improve their skills for advancement in their current career areas. Adult Education

9.  These schools are often called technical schools, because they usually prepare people for jobs that involve the newest technologies. They usually don’t include general courses in any areas other than the one you choose. Trade or Vocational Schools

10. 7-I Education Earnings Bureau of Labor Statistics, 2006

11. 7-J How Much is Class Worth? NEFE High School Financial Planning Program 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

12. Typical Employee Benefits  Hospitalization, Medical, and Disability Insurance  Dental and Vision Insurance  Accidental Death Insurance  Sick Leave  Paid Vacation Time and Holidays  Parental Leave 7-K-1 1 of 2

13. Typical Employee Benefits  Worker’s Compensation Insurance  Life Insurance  Retirement Benefits  Retirement Savings Plans  Employee Assistance Programs 7-K-2 2 of 2

14. Factors that Can Affect Your Earning Potential 7-L Business Downturn Being Laid Off Life-Changing Situations Changing Careers Promotions Relocation Business Upturn Additional Training What other factors can you think of? A New Job Being Fired Advanced Degrees