career planning in...the candidate skills / qualities employers want 4.55 ability to work in a team...

WACRAO Conference

John Pritchett MS, LPC, MCC

Career Planning in

Today’s Labor Market

Labor Market Trends

Current Recession

Occupational Projections

Education and Training Options

Aging Workforce

Job vs. Career Security

Did You Know - Shift Happens

The Future of Work

What people have sacrificed

because of the recession

1. Eating out

2. Travel

3. Salon/beauty products

4. My own place/future home

5. Shopping for fun

6. Cable

7. Going out to the movies

8. Health or car insurance

9. Coffee out

10. Peace of mind/sense of security or freedom

11. Having a child

12. Hobbies (pets)

The ManpowerGroup

Talent Shortage Survey

8th annual survey

More than 1,000 employers

surveyed in the U.S.

Nearly 40,000 globally

39 countries and territories

Research conducted in Q1 2013

“The U.S. is still wrestling with high

unemployment, but…52% of

employers report difficulty filling

open positions.”

Source: Manpower Inc.

“By 2020 there will be 123 million high-

skill, high-pay jobs available in the

U.S., but only 50 million Americans

with the right education to fill them.”

Source: Manpower Inc.

U.S. jobs most in

demand, 2013

1. Skilled trades

2. Sales Representatives

3. Drivers

4. IT Staff

5. Accounting and Finance Staff

U.S. jobs most in

demand, 2013

6. Engineers

7. Technicians

8. Management Executives

9. Mechanics

10. Teachers Source: Manpower Inc.

Occupational Projections

NACE Job Outlook

2013

Survey conducted July 25, 2012

through September 10, 2012.

Employers expected to hire 13 % more

new college graduates than last year,

but revised estimates to 2.1 % in

April, 2013 Spring Update.

Most employers are interested in hiring

grads from business, engineering, or

tech-related disciplines.

NACE Top 10 Bachelor’s Degrees

for the College Class of 2013

1. Finance

2. Computer & Information Science

3. Accounting

4. Business Administration Management

5. Mechanical Engineering

NACE Top 10 Bachelor’s Degrees

for the College Class of 2013

6. Management Information Systems

7. Electrical Engineering

8. Computer Engineering

9. Marketing/Marketing Management

10. Economics

The Candidate Skills /

Qualities Employers Want

4.55 Ability to work in a team structure

4.50 Ability to make decisions and solve problems

4.48 Ability to plan, organize, and prioritize work

4.48 Ability to verbally communicate with persons inside

and outside the organization

4.37 Ability to obtain and process information

4.25 Ability to analyze quantitative data

4.01 Technical knowledge related to the job

3.94 Proficiency with computer software programs

3.62 Ability to create and/or edit written reports

3.54 Ability to sell or influence others Job Outlook 2014 – October 2, 2013

Eight Hot Careers to

Watch In 2013

Medical Assistant

Software Developer

Dental Hygienist

Personal Financial Advisor

Public Relations Specialist

Social Worker

Biomedical Engineer

Veterinary Technologists and Technicians

Yahoo! Education 12/28/2012

New and Emerging

Industries

Water Supply Systems

Science and technology R&D

Clean energy and power plants

Transportation systems

Agricultural technologies and solutions

Promoting sustainable living Source: The Futurist Magazine

Education and Training

Options

Education and Training

Options

On-the-Job Training

Military

Apprenticeship

Trade School

Technical College

Community College

4-Year College

Parent Concerns

for their Children

•Happy

•Healthy

•Safe

•Successful

•Self Supporting

The American Freshman: National Norms

for Fall 2012 and Fall 2006 Sylvia Hurtado & John H. Pryor

Cooperative Institutional Research Program (CIRP)

Higher Education Research Institute (HERI)

Graduate School of Education & Information Studies

University of California, Los Angeles

http://www.gseis.ucla.edu/heri/heri.html

CIRP Freshman Survey

• Comprehensive survey of incoming first-time full-time college students at four-year institutions

• Beginning of longitudinal research program that continues with the YFCY, DLE, and CSS

• 47th year and over 15 million students total

CIRP Freshman Survey 2012

• Administered at

– 389 four-year institutions

– 236,937 students

• “Norms”

– 283 four-year institutions

– 192,912 students

– Weighted to 1.5 million

entering four-year institutions

Reasons to go to College (% Indicating “Very Important”)

40

50

60

70

80

90

100

1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012

% o

f S

tud

en

ts

To be able to get a better job

To be able to make more money

To gain a general education and appreciation of ideas

Most important objective:

Being well off financially

0

10

20

30

40

50

60

70

80

90

100

% o

f S

tud

ents

Being very well

off financially

Developing a

meaningful

philosophy of

life

Reasons noted as “very important”

in deciding to go to college

87.9 % To be able to get a better job

82.5 % To learn about things that interest me

79.3 % To get training for a specific career

74.6 % To be able to make more money

72.8 % To gain a general education and

appreciation of ideas

61.9 % To prepare myself for graduate or

professional school

50.6 % To make me a more cultured person

Reasons noted as “very important”

in deciding to go to college

46.4% Parents wanted me to go 21.1% Wanted to get away from home 17.2% A mentor or role model encouraged me to go 5.6% I could not find a job 4.1% Nothing better to do Fall 2006

Pathways to Prosperity:

Meeting the Challenge of

Preparing Young

Americans for the 21st

Century

Source: Pathways to Prosperity Project Harvard Graduate

School of Education

32

A More Demanding Labor Market

In 1973, a high school diploma was the passport to

the American Dream

• 72% of the workforce of 91 million had no more

than a high school degree

Source: Center on Education and the Workforce, Georgetown University

33

Today’s Reality: PSE Credential is the New Passport

Post-secondary education (PSE) is necessary to

compete in the global economy in 2010 and beyond:

• Between 1973 and 2007, we added 63 million jobs

• Jobs held by those with no more than a High

School education fell by 2 million over this period

• Workers with a HS education or less now make up

just 41% of workforce, as compared to 72% in 1971

Source: Center on Education and the Workforce

34

PSE Will Be Even More Important Tomorrow Economic forecasters widely agree that these trends

will continue

For example, the Georgetown Center on Education

and the Workforce forecasts:

• 63% of all jobs will require at least some college in

2018, up from 59% now

• The U.S. will need to produce 22 million more PSE

degrees by 2018, but we are likely to fall short

35

College for All does not mean everyone needs a B.A. Even in this decade

most jobs do not require a B.A.

Source: March CPS data, various years; Center on Education and the Workforce forecast of educational demand to 2018.

36

What is the right goal for the U.S.?

“College for All” needs to be broadened to mean a

meaningful “post-high school credential” for all

A meaningful credential can be earned in many ways:

• Community college

• Apprenticeships

• The military/community service

• Four year college

Future Jobs: Solving the

Employment and Skills

Crisis

Edward E. Gordon (Praeger, September 2013)

Future Jobs: Solving the

Employment and Skills Crisis

Seventy-five percent of the available jobs will

require higher skills and offer higher pay

The U.S. labor market is out of sync with the career

aspirations of many people.

Too many younger workers lack general education

and specialized career skills, let alone a strong

work ethic, to sustain a middle-class standard of

living. They adding to the growing American

“underclass.”

The new “talent era” will require the majority of

workers to acquire and maintain high skills and

career knowledge throughout their working lives.

Aging Workforce

40

Boomers Downsize

Retirements

77 million-strong generation

Just 9% say they are strongly convinced

they’ll be able to live comfortably in

retirement

47% say they’ll have to delay retirement

82% say they will have to work for pay in

retirement

Milwaukee Journal Sentinel – Tuesday, October 15, 2013

Boomers Downsize

Retirements

“Nearly two-thirds of Americans

between the ages of 45 and 60 say

they plan to delay retirement,

according to a report to be released

Friday by the Conference Board. That

was a steep jump from just two years

earlier, when the group found that 42%

of respondents expected to put off

retirement.” Source: Wall Street Journal 2/7/2013

When Gray is Golden:

Business in an Aging

America

Health Care

Home Products

Financial Services and Products

Recreation and Leisure Services

Educational Services

Business Consulting

Wellness and Youth-Enhancing Products Source: The Futurist July-August 1992

Dr. Ken Doka

Hi John

Every time I get an email from you I resolve to

do another -- hard to prejudge careers but fields

in technology (ie IT, helping companies keep

abreast of technological opportunities) and

aging will always be big

Warmly

Ken

Job vs. Career Security

Career Path

In the past, a person’s career

path was often like an

escalator ride!

Job Security

…is an obsolete term that refers to a time in history when "companies provided job security, good pay, and benefits in return for a lifetime career commitment from employees."

1956 The Organization Man - William H

Whyte Jr.

Rockwell Automation

(Allen-Bradley)

“The developments at Rockwell

Automation are hardly unique to

Milwaukee - or to America.

Globalization has transformed our

economy at its core, and no amount of

coaxing will put the genie back into the

bottle.” Source: One Union’s Demise by John Gurda

Career Security

Career Security is never provided by an employer.

It is something we create for ourselves!

It is developed through a continuous process of updating

skills, networking, and looking at wherever we are at

the moment as a stepping stone to the next stop on our

career journey!

Individuals possessing Career Security feel in control of

what happens to them in the workplace. They have

become the master of their career, rather than its

victim!

Planned Happenstance

Learning Theory

Unpredictable social factors,

chance events and environmental

factors are important influences

on our lives. By approaching

chance conditions and events

positively we are more likely to

capitalize on chance events and

turn serendipity into opportunity.

Helpful Personality Traits

Curiosity to explore learning

opportunities

Persistence to deal with obstacles

Flexibility to address a variety of

circumstances and events

Optimism to maximize benefits from

unplanned events.

Factors Helpful in

Career Management

The commitment to ongoing learning and

skill development

Ongoing self-assessment

Assessment and feedback from others

Effective networking

Achieving work-life balance

Financial planning to incorporate periods

of unemployment.

The Single Most Critical

Skill for the 21st

Century

Foresight! World Future Society – October 1, 2013

Foresight!

“In this era of accelerating

change, knowledge alone is no

longer the key to a prosperous

life. The critical skill is foresight.

Knowledge quickly goes out of

date, but foresight enables you to

navigate change, make good

decisions, and take action now to

create a better future.”

Foresight!

“We often think people are successful

because of luck, when in fact it was

their foresight that made them “lucky.”

Foresight prepared them so they were

ready to act on their opportunities. If

you look at any successful person,

organization, even country, you will

find a high degree of foresight. That is

why foresight is the secret ingredient

of success.”

Foresight!

“Foresight is critical to achievement in

all areas of your life, including your

major life decisions. People who lack

foresight are likely to find themselves

unemployed when jobs are unexpectedly

lost to new technologies, competition

from overseas, or shifts in consumer

tastes. Foresight is the key to survival in

a world of disruptive innovation.” World Future Society October 1, 2013

Did You Know?

http://www.youtube.com/watch?v=_NzKiU0SykQ

The Future of Work

http://www.youtube.com/watch?v=G8Yt4wxSblc

Questions?

John Pritchett MS, LPC, MCC

jpritchett@wctc.edu (262) 695-7847