sources of income and the relationship between income and career preparation
TRANSCRIPT
Sources of income and the relationship between income and
career preparation
Review Statements
1 Education amp skills economy conditions supply and demand plus the value of the work to society are factors that influence potential income
2 Opportunity Cost is the cost of something in terms of an opportunity forgone (and the benefits that could be received from that opportunity) or the most valuable forgone alternative ie the second best alternative Or the cost of a missed opportunity
Sources of Income
Source of
Income
Source of
Income
Pay check
Loans
Inheritance
Social security
Free Lunch or other government programs
Welfare Food Stamps
Alimony
Child Support
Interest
Gift Charity Church
Part time job
Self Employment
Grants Scholarships
Allowance
Found Money Yard sales Sale possession
Sources of Income
Factors that Influence IncomeEarning Power A persons ability to earn money
Analyze factors that affect income
1 Income vs Educationo Lack of education limits your career choice
and earning power
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Review Statements
1 Education amp skills economy conditions supply and demand plus the value of the work to society are factors that influence potential income
2 Opportunity Cost is the cost of something in terms of an opportunity forgone (and the benefits that could be received from that opportunity) or the most valuable forgone alternative ie the second best alternative Or the cost of a missed opportunity
Sources of Income
Source of
Income
Source of
Income
Pay check
Loans
Inheritance
Social security
Free Lunch or other government programs
Welfare Food Stamps
Alimony
Child Support
Interest
Gift Charity Church
Part time job
Self Employment
Grants Scholarships
Allowance
Found Money Yard sales Sale possession
Sources of Income
Factors that Influence IncomeEarning Power A persons ability to earn money
Analyze factors that affect income
1 Income vs Educationo Lack of education limits your career choice
and earning power
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Sources of Income
Source of
Income
Source of
Income
Pay check
Loans
Inheritance
Social security
Free Lunch or other government programs
Welfare Food Stamps
Alimony
Child Support
Interest
Gift Charity Church
Part time job
Self Employment
Grants Scholarships
Allowance
Found Money Yard sales Sale possession
Sources of Income
Factors that Influence IncomeEarning Power A persons ability to earn money
Analyze factors that affect income
1 Income vs Educationo Lack of education limits your career choice
and earning power
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Source of
Income
Pay check
Loans
Inheritance
Social security
Free Lunch or other government programs
Welfare Food Stamps
Alimony
Child Support
Interest
Gift Charity Church
Part time job
Self Employment
Grants Scholarships
Allowance
Found Money Yard sales Sale possession
Sources of Income
Factors that Influence IncomeEarning Power A persons ability to earn money
Analyze factors that affect income
1 Income vs Educationo Lack of education limits your career choice
and earning power
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Factors that Influence IncomeEarning Power A persons ability to earn money
Analyze factors that affect income
1 Income vs Educationo Lack of education limits your career choice
and earning power
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Income vs Education
Educational Attainment
US Average Income (2001)
Percentage of US
Population (2000)
Percentage of Utah
Population (2000)
Not high school graduate
$16234 196 123
High school graduate
including GED
$24885 286 246
Some college no degree
$28264 210 291
Associate degree $33644 63 79
Bachelorrsquos degree
$48892 155 179
Masterrsquos degree $63205
89 83Doctorate degree $86036
Professional degree
$96779
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Average earnings of year-round full-time workers age 25 to 34 years old
Highest Level of Education Average Annual EarningsLess than 9th grade $158759th to 12th grade (no diploma) $20915High school graduate $25655Some college no degree $29310Associate degree (2yr degree) $31215Bachelorrsquos degree or higher $48190
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Income vs EducationLargest Numerical Increases in Occupations
Fastest Growing Occupations
EducationTraining Category
Largest Numerical Increases in Occupations
VeterinariansPharmacistsChiropractorsOptometristsLawyers
Professional Degree LawyersPhysicians and surgeonsPharmacistsClergy Veterinarians
Computer and information scientists research
Medical scientistsPostsecondary teachersBiological scientistsAstronomers and physicists
Doctorate Degree Postsecondary teachers Biological scientistsComputer and information scientists researchMedical scientistsAstronomers and physicists
AudiologistsSpeech-language pathologistsMental health and substance abuse
social workersSubstance abuse and behavioral
disorder counselorsPhysical therapists
Masterrsquos Degree Educational vocational and school counselorsPhysical therapistsSpeech-language pathologistsPsychologistsMental health and substance abuse social
workers
Computer and information systems managers
Public relations managersAdvertising and promotions managersSales managersMedical and health services managers
Bachelorrsquos Degree or higher[plus work experience]
General and operations managersComputer and information systems managersManagement analystsFinancial managersSales managers
Computer software engineers applications
Computer software engineers systems software
Network and computer systems administrators
Network systems and data communications analysts
Database administrators
Bachelorrsquos Degree Computer software engineers applications Computer software engineers systems analystsElementary school teachers except special
educationNetwork and computer systems administrators
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Fastest Growing OccupationsEducationTraining
CategoryLargest Numerical Increases in
OccupationsComputer support specialistsMedical records and health information
techniciansPhysical therapy assistantsOccupational therapist assistantsVeterinary technologists and technicians
Associatersquos Degree Registered nurses Computer support specialists Medical records and health information techniciansParalegals and legal assistantsDental hygienists
Desktop publishersFitness trainers and aerobics instructorsSurgical technologistsRespiratory therapy techniciansGaming dealers
Postsecondary Vocational Award Automotive service technicians and mechanicsLicensed practical and licensed vocational
nursesWelders cutters solders and braziersHairdressers hairstylists and cosmetologistsFitness trainers and aerobics instructors
First-line supervisorsmanagers of correctional officers
Aircraft cargo handling supervisorsFirst-line supervisorsmanagers of
protective service workers except police fire and corrections
Private detectives and investigators Transportation storage and distribution
managers
Work Experience in Related Occupation
First-line supervisorsmanagers of retail sales workers
First-line supervisorsmanagers of construction trades and extraction workers
First-line supervisorsmanagers of office and administrative support workers
First-line supervisorsmanagers of food preparation and serving workers
First-line supervisorsmanagers of mechanics installers and repairers
Telecommunications line installers and repairers
ActorsRecreational vehicle service technicians Interpreters and translatorsPolice and sheriffrsquos patrol officers
Long Term On-the-Job Training [more than 12 months]
Cooks restaurant Police and sheriffrsquos patrol officersElectriciansCarpentersMaintenance and repair workers general
Medical assistantsSocial and human service assistantsDental assistantsPharmacy techniciansAmbulance drivers and attendants
except emergency medical technicians
Moderate Term On-the-Job Training
[1 to 12 months]
Customer service representatives Truck-drivers heavy and tractor-trailerMedical assistantsExecutive secretaries and administrative
assistantsSocial and human service assistants
Personal and home care aidesHome health aides Physical therapist aides Occupational therapist aidesVeterinary assistants and laboratory
animal caretakers
Short Term On-the-Job Training [0 to 1 month]
Combined food preparation and serving workers including fast food
Retail salespersonsCashiers except gamingOffice clerks general
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Jobs and Educational Level
Jobs requiring an associatersquos degree are expected to grow 32 during 2000-2010
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Fastest Growing Occupations
Healthcare occupations account for 10 of the 20 fastest growing occupations while computer occupations account for 5 out of 20 in the economy These 15 computer and healthcare occupations combined will add more than 15 million new jobs
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Fastest Growing Jobs
The occupations listed will account for approximately one-third of all new jobs from 2002 ndash 2012 This is over eight million jobs combined
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Largest Declining Jobs
Declining occupational employment stems from declining industry employment technological advancements changes in business practices and other factors Increased productivity and farm consolidations are expected to account for a decline of 238000 farmers and ranchers
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
bull competent work
bull produce a good product
bull ability to operate equipment
bull implement knowledge and abilities
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education2 Workers Skills3 Conditions of the economy bull War bull terror bull unemployment bull scarcity bull acts of God
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demandbull Scarcity and Abundancebull World Trade
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Factors that Influence IncomeEarning Power A persons ability to earn money
1 Income vs Education
2 Workers Skills
3 Conditions of the economy
4 Supply and Demand
5 Value of the work to society How important is your profession or skill
bull If you were to be on a deserted island for 15 years what occupations would you like the four people with you to have
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Review Career Planbull What are the educational requirements
Traits for the work place Worksheet (Color in your skill level)
bull Income Potential
bull What skills will I needndash What will the cost and benefits of developing new skills
be bull Time energy and money
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
How Do You Find The Career Of Your Dreams
bull Study what interests you and learn how that applies to lifecareers
bull Look at different jobs options and figure out which job best fits you (intellectually physically and financially)
bull Once you figure out a career path you want to take be aggressive in following it Donrsquot let opportunity pass you by
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Opportunity Costbull How does this relate to Opportunity Cost
ndash Making the effort right now for a good career and education will cost you time energy and money but in the long run it will pay off and you will have more time and money Hopefully that will give you energy to enjoy it
bull Choosing one option may mean giving up altogether another goal
bull Itrsquos a trade off
bull Remember Invest in Yourself it is Well Worth the Effort
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee
Self-Employed
Entrepreneur
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Complete Chart InformationForm of Employment
Define Advantages Disadvantages
Employee Worker who is hired to do a job
Little risk not responsible for over-head costs
Expectations
Time Clocks
Make money for boss
Self-Employed
One who operates a business profession or a consultant
You are the boss set your hours and pay Receive the benefits of profit-making
Responsible for over-head costs taxes employees and keeping business going
Entrepreneur Practice of starting new businesses
Yoursquore the boss motivating receive the benefits of profit-making
High risk
Must be motivated
Stressful hard on relationships
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Cost of Living for Selected US CitiesBenefit Option Description
Base salary
Fringe benefits also known as
employee benefits
Opportunities for
advancement and work incentives
Employer provided
services
Additional perks
Location and
environment
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Cost of Living for Selected US CitiesBenefit Option Description
Base salary Dollar amount a person will receive in hisher monthly paycheck before taxes
Fringe benefits
also known as
employee benefits
Additional compensation offered by a company beyond an individualrsquos wage salary commissions or other cash paymentsPaid sick time holidays and vacations bonuses health insurance life insurance workmanrsquos compensation retirement contributions etc
Opportunities for
advancement and work incentives
Evaluate if a person can easily advance within the company and earn more money
Employer provided
services
Gym memberships flexible hours merchandise discounts child care etc
Additional perks Relocation allowances company car repayment of education loans or expenses stock options etc
Location and
environment
Is the job in a desired community Are the time and resources available to travel long distances to get to work Does the community have a low crime rate good schools and a desired climate
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Cost of Living Equation
1 ndash SARArsquoS TWO JOBS1048707 $3500000 Reno NV 1051 cost of living index1048707 $4000000 Anchorage AK 1231 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1 1231$3500000 in Reno x -------------- = Equivalent salary in Anchorage
1051
$3500000 x 117 =
$4095000 = Equivalent salary in Anchorage
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Cost of Living Equation 22 ndash JOErsquoS TWO JOBS1048707 $2400000 Denver CO 1029 cost of living index1048707 $3200000 Seattle WA 1482 cost of living index
Index city 2Salary in city 1 x ------------------------ = Equivalent salary in city 2 Index city 1
1482$2400000 in Denver x -------------------- = Equivalent salary in Seattle
1029
$2400000 x 144 =
$3456000 = Equivalent salary in Seattle
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Cost of Living for Selected USCities
bull Refer to hand out
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-
Complete the Comparing Job Offers worksheet
- Sources of income and the relationship between income and career preparation
- Review Statements
- Sources of Income
- Slide 4
- Factors that Influence Income Earning Power A persons ability to earn money
- Income vs Education
- Average earnings of year-round full-time workers age 25 to 34 years old
- Slide 8
- Slide 9
- Jobs and Educational Level
- Fastest Growing Occupations
- Fastest Growing Jobs
- Largest Declining Jobs
- Slide 14
- Slide 15
- Slide 16
- Slide 17
- Review Career Plan
- How Do You Find The Career Of Your Dreams
- Opportunity Cost
- Complete Chart Information
- Slide 22
- Cost of Living for Selected US Cities
- Slide 24
- Cost of Living Equation
- Cost of Living Equation 2
- Slide 27
- Complete the Comparing Job Offers worksheet
-