your career: doing what matters most

NEFE High School Financial Planning ProgramNEFE High School Financial Planning ProgramUnit 7 – Your Career: Doing What Matters Most

Your Career: Your Career: Doing What Matters MostDoing What Matters Most


7-A

Relationship of Career and Earning PowerRelationship of Career and Earning Power


7-B

Reasons Employees Are RewardedReasons Employees Are Rewarded• They add value with They add value with

their ideas.their ideas.• They learn new skills.They learn new skills.• They help the business They help the business

grow.grow.• They take on additional They take on additional

responsibility.responsibility.• Can you think of Can you think of

others?others?


7-C

The Opportunity Cost of WorkingThe Opportunity Cost of Working• Take an evening shift

job• Decide to stay in

current position…• Going to college and

starting work later on

• Give up time with family and friends

• Instead of relocating to take a better job

• And getting a better-paying job as a result

7-D-17-D-1

Key Employee SkillsKey Employee Skills

Basic SkillsBasic Skills

InterpersonalInterpersonalSkillsSkills

Information ManagementInformation ManagementSkillsSkills

SystemsSystemsSkillsSkills

Technology SkillsTechnology Skills

Thinking SkillsThinking Skills

Personal SkillsPersonal SkillsResource ManagementResource Management

SkillsSkills

Basic SkillsBasic SkillsBasic SkillsBasic Skills

Interpersonal SkillsInterpersonal Skills

Information Information Management SkillsManagement Skills

Organizational SkillsOrganizational Skills



Personal SkillsPersonal Skills

Resource Resource Management SkillsManagement Skills

MenuMenu

Able to read, write, perform Able to read, write, perform basic math computations; basic math computations; listens well; speaks clearlylistens well; speaks clearly


7-D-27-D-2


Goal driven, positive self Goal driven, positive self image, sociable, realistic self-image, sociable, realistic self-

assessment, demonstrates assessment, demonstrates honestyhonesty









MenuMenu


7-D-37-D-3

InterpersonalInterpersonal Skills

Team player, able to Team player, able to teach and lead other teach and lead other

employees with diverse employees with diverse backgrounds, meets backgrounds, meets

customer expectations, customer expectations, negotiates wellnegotiates well









MenuMenu


7-D-47-D-4

Organizational Organizational SkillsSkills

Works well in an Works well in an organization, can monitor organization, can monitor and correct performance, and correct performance, suggests improvements to suggests improvements to

the organizationthe organization









MenuMenu


7-D-57-D-5


Creates new ideas, makes Creates new ideas, makes decisions, solves decisions, solves

problems, organizes problems, organizes information, learns information, learns

efficiently, can reason efficiently, can reason things outthings out









MenuMenu


7-D-67-D-6


Makes good use of time, Makes good use of time, money, materials, and money, materials, and

employee resources. Thinks employee resources. Thinks of more efficient ways of of more efficient ways of

doing thingsdoing things









MenuMenu


7-D-77-D-7


Acquires, assimilates, and Acquires, assimilates, and organizes information; has organizes information; has

solid analytical and problem-solid analytical and problem-solving skillssolving skills









MenuMenu


7-D-87-D-8


Solid skills in various Solid skills in various electronic media electronic media

(computers), can operate (computers), can operate various types of equipment various types of equipment with ease, can maintain and with ease, can maintain and

repair equipment repair equipment









MenuMenu


7-D-97-D-9


7-E

Career PathwayCareer Pathway

Internship / PT Job in Related Field

Receives Formal Education/Training

Takes First Job

On-the-job training

School at Night

Promotion

Goes back to School to Study More in Chosen Field

Takes new job

Explore Career in HS Years

Promotes to Higher-paying Position

Takes Next Job at Higher Pay

7-F

Education and ExperienceNEFE High School Financial Planning ProgramNEFE High School Financial Planning Program

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

1 2 3 4 5 6 7 8Some high school, no

degree

High school diploma, or equivalent

Associate Degree

Professional Degree

Doctoral Degree

Master’s Degree

Bachelor’s Degree

Some college, no

degree

Mill

ion

s o

f 2

00

6 d

olla

rs

Worklife earnings estimates by highest level of educational attainment

Source, US Census Bureau, current population survey, educational attainment in the US. 2005

11.2

1.51.6

2.5

2.1

3.4

4.4


7-G

Ranking Order of Key Employee SkillsRanking Order of Key Employee Skills

11

55

99

1010

66

22

77

1212

1111

88

44

1313

33

Click Here Click Here to Find to Find

Out What Out What Employers Employers

WantWant

Source: Job Outlook 2006, National Association of Colleges and Employers


7-H

Average College CostsSample Average Undergraduate Costs, 2005-06

Four Year Public Institutions

Four Year Private Institutions

Resident . . . . . . . . . . . . . . . . . . . . . . . . . .

Out-of-State . . . . . . . . . . . . . . . . . . . . . . .

Resident . . . . . . . . . . . . . . . . . . . . . . . . .

$16,357

$26,304

$33,301

Source: College Board’s Trends in College Pricing, 2006

7-I

Edu

catio

n Earnings

Bureau of Labor Bureau of Labor Statistics, 2006Statistics, 2006


7-J

How Much is Class Worth?

NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

1 2 3 4 5 6 7 8Some high school, no

degree

High school diploma, or equivalent

Associate Degree

Professional Degree

Doctoral Degree

Master’s Degree

Bachelor’s Degree

Some college, no

degree

Mill

ion

s o

f 2

00

6 d

olla

rs

Worklife earnings estimates by highest level of educational attainment

Source, US Census Bureau, current population survey, educational attainment in the US. 2005

11.2

1.51.6

2.5

2.1

3.4

4.4


7-K-1

Typical Employee Benefits

• Hospitalization, Medical, and Disability Insurance

• Dental and Vision Insurance

• Accidental Death Insurance

• Sick Leave

• Paid Vacation Time and Holidays

• Parental Leave

1 of 2


7-K-2

Typical Employee Benefits

• Worker’s Compensation Insurance

• Life Insurance

• Retirement Benefits

• Retirement Savings Plans

• Employee Assistance Programs

2 of 2


7-L

Factors that Can Affect Your Earning PotentialFactors that Can Affect Your Earning Potential

Business DownturnBusiness Downturn

Being Laid OffBeing Laid Off

Life-Changing SituationsLife-Changing SituationsChanging CareersChanging Careers

PromotionsPromotions

RelocationRelocation

Business UpturnBusiness Upturn

Additional TrainingAdditional Training

What other factors can you think of?What other factors can you think of?

A New JobA New Job

Being FiredBeing Fired

Advanced DegreesAdvanced Degrees

your career: doing what matters most

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