Chapter 5 Flashcards
A_________is a paid position of regular employment. It is when a person performs some tasks for the organization in exchange for payment.
job
_________________is a generalized word referred to as a number of jobs that are done with similar characteristics.
An occupation
___________is a job requiring special training and formal qualifications
A profession
__________ is a lifelong journey in which an individual learns skills, and use those skills with knowledge, and gain experience in a particular field or industry to earn money.
Career
According to the Whom
“Career: Time extended working out of a purposeful life pattern through work undertaken by the person” (p. 6).
National Career Development Association:
Time extended working out of a purposeful life pattern through work undertaken by the person”
Career:
The relationship of employer-employee was characterized by an exchange of worker loyalty for the organization’s implicit promise of job security.
Traditional Concept of Career
The vertically integrated hierarchical organizations provided the opportunity for advancement through promotion up the “corporate ladder”
Traditional Concept of Career
The vertically integrated hierarchical organizations provided the opportunity for advancement through promotion up the
“corporate ladder”
According to whom
“Protean Career”: “encompasses any kind of flexible, idiosyncratic career course, with peaks and valleys, left turns, moves from one line of work to another, and so forth.
Hall and Mirvas(1996):
“encompasses any kind of flexible, idiosyncratic career course, with peaks and valleys, left turns, moves from one line of work to another, and so forth.
Protean Career”:
–a sea god in Greek Mythology
PROTEUS GOD
“flexible”, “adaptive”, and “changeable”.
Protean-
The_________represents a new type of career contract in which careers are flexible, dynamic and managed by the individual instead of the organization
protean career
It is a multi-stage process that needs to be thoroughly planned and executed to reap the desired benefits.
CAREER PLANNING
it involves organizing your ideas and managing your time to make things happen in your future.
CAREER PLANNING
What are the 4 KEY STEPS / STAGES in Career Planning?
- SELF-AWARENESS
- EXPLORING YOUR OPTIONS
- DECISION-MAKING AND PLANNING
- TAKING ACTION
- What things am I passionate about? (interests, hobbies, and advocacies)
SELF-AWARENESS: GET TO KNOW YOURSELF BETTER
- What skills would you like to learn or improve?
SELF-AWARENESS: GET TO KNOW YOURSELF BETTER
- Understand what you have to offer (Identifying your STRENGHTS)
SELF-AWARENESS: GET TO KNOW YOURSELF BETTER
- When it comes to workplace, what is important to me?
SELF-AWARENESS: GET TO KNOW YOURSELF BETTER
- What have I achieved already?
SELF-AWARENESS: GET TO KNOW YOURSELF BETTER
: GET TO KNOW YOURSELF BETTER
SELF-AWARENESS:
What options are available to you?
What do other graduates do?
EXPLORING YOUR OPTIONS
CAREER OPPORTUNITIES FOR ECONOMICS GRADUATE
- Educator/ Instructor
- Researcher
- Business Journalist
- Entrepreneur
Statistician
Financial Adviser
Market Research Analyst
Financial Analyst
Economic Consultants
Credit Analyst
Policy Analyst
can work in nearly any industry, using statistical calculations to answer questions for both public and private organizations. Statisticians can work on projects such as risk management, increasing efficiency in business and more
Statisticians
work with people to help them achieve certain short and long-term financial goals.
Personal financial advisors
They assess individuals’ financial standing and help them make personal decisions on items such as savings, loans, stocks, insurance and other investments.
Personal financial advisors
tap knowledge of industry trends to assess how products or services might fare under various economic conditions.
Market research analysts
research companies, industries, stocks, bonds, and other investment vehicles for finance departments. Their analyses often require the advanced quantitative skills possessed by many economics majors
Financial analysts
use analytical and research skills to carry out studies regarding economic scenarios.
Economic consultants
They analyze industry trends to help organizations improve their performance. They might work for organizations in a variety of industries, including business, finance, healthcare, education, the government, and more
Economic consultants
conduct microeconomic analyses of prospective clients to assess the risks involved with loaning funds to those people or businesses.
Credit analysts
prepare reports summarizing their findings and suggest interest rates that are appropriate to clients’ risk profiles.
Credit analysts
research and analyze issues that impact the public and recommend legislation and government intervention to address the problems. Economic knowledge is critical to understanding many of the issues and for creating affordable solutions.
Policy analysts
- How are you going to achieve your goal (if you have decided what it is)?
- How will you fit this career planning into your schedule along with your studies and any other commitments you have?
DECISION MAKING AND PLANNING
- Develop a list of career options by examining your interests, skills, and values through self- assessment. (1)
- Do your part in Opportunity search (2)
Identify your Career Options
- skills, interest, and other considerations such as personal preferences (such as location/proximity, level of difficulty)
- Create a refined list
PRIORITIZE
What is the current demand for this field?
If the demand is low or entry is difficult, are you comfortable with risk?
What qualifications are required to enter the field?
Will it require additional education or training?
CONSIDER OTHER FACTORS (EXTERNAL)
Set ‘SMART’ goals
- Specific
- Measurable
- Attainable
- Relevant
- Time bound
- Identify your goal clearly and specifically.
Specific –
Include clear criteria to determine progress and accomplishment.
- Measurable –
The goal should have a 50 percent or greater chance of success.
- Attainable –
The goal is important and relevant to you.
- Relevant –
Commit to a specific timeframe
- Time bound –
is a life-long process of investing resources to accomplish your future career goals.
Career Management
It is a continuing process that allows you to adapt to the changing demands of our dynamic economy.
Career Management
It is the process by which individuals can make reasoned, appropriate decisions about their work life
Career Management:
Career development as defined by the Whom “is the total constellation of psychological, sociological, educational, physical, economic, and chance factors that combine to influence the nature and significance of work in the total life span of any given individual” (Engels, 1994, p. 2).
American Counseling Association
“is the total constellation of psychological, sociological, educational, physical, economic, and chance factors that combine to influence the nature and significance of work in the total life span of any given individual” (Engels, 1994, p. 2).
Career development
is the lifelong process of managing learning, work, leisure, and transitions in order to move toward a personally determined and evolving preferred future.
Career Development
