Transcript 4.03 OutlineNEW

4.03 Outline
Explain employment trends
in terms of changing societal
needs and economic
conditions.
Terms to know
1. Free enterprise
o Private ownership, profit motive,
competition and freedom of choice
2. Dual Income families
o Both parents are working
3. Service occupations
o Barbers, mechanics, day care workers
4. Transferable skills
o Skills learned used to do on one job and
used on another job
Terms to Know
5.
Technical Skills
o Technical Skills are the basic knowledge required
to perform a task. Technical skills can include
educational qualifications and degrees that an
employee hold.
6.
Reliability
o To be worthy of reliance or trust. Reliable worker.
7.
Compromise
8.
Employment forecasters
9.
Economy
o
to give up something to reach a decision
o
Forecast the future of careers?
o
Thrifty management; frugality in the expenditure or
consumption of money, materials (He bought a
economy car.)
Terms to know
10. Bachelors degree
o 4 year college degree
11.Community college
o 2 year college degree
12.Telecommuting
o To work at home using a computer
connected to the network of ones computer
13.Trends
o A direction of movement
Terms to Know
14. Retail
o Selling of merchandise directly to the
consumer.
15.Labor market
o Information, statistics reflecting state
and regional occupational data
16.Cost of living
o The average cost of food, clothing, and
other necessary or usual goods and
services paid by a person, family, etc.
Terms to Know
17. Geographic
o
physical characteristics, especially the
surface features, of an area
18. Trade or professional journals
o
Publications which contain information
regarding trends, industrial innovations
and training opportunities for specific
professions
19. Life long learning
o
A continuation or learning as skills needed
on a job change
Social changes that have promoted
a need for service occupations
1.
2.
3.
4.
5.
Women in the workforce
Aging population
Dual income families
Commuting distance/time increasing
Increasing diverse workforce and
customers
6. Concern for health/fitness
7. New ways of communicating
8. Concern for recreation/entertainment
What world events affect goods
and services?
1.
2.
3.
4.
5.
War
Natural disaster
Change of government structure
Embargo’s/tariffs
Terrorism
Rapid technological advances have promoted a
need for technology producing occupations in
1.
2.
3.
4.
Communication methods
Telecommuting
Manufacturing implications
Video/voice conferencing
Work Trends Timeline in
terms of Economic Conditions
1. Colonial period, (to late 1700’s) –family owned farms,
(livestock, poultry, grains)
2. Growth of new nations, (late 1700’s to early 1800’s),
town trades, (shop owners, bankers, blacksmiths)
3. Industrial revolution/progressive era, (late 1800’s to
early 1900’s), industry development, (steel machinery)
4. Post war America, (1945 through the turn of the
century), growth of service related industry, (business,
transportation, communication, personal)
5. Knowledge and Information Era, (2000 to present),
growth of high technology industry/business, (PC’s,
telecommunication, internet, email, CAD/CAM, World
Wide Web)
In the workplace of 2000
1. Flexibility/creativity vs. endurance/loyalty
2. Feedback frequently vs. yearly
3. Rewards for performance vs. automatic
rewards
4. Team rated vs. individually rated
5. Employee self control vs. managerial
control
6. Continuous learning vs. end at graduation
(Workforce Development Institute)
Employment implication of
globalization
Free Enterprise System
 Freedom to own property
1. Freedom to buy and sell goods
2. Contributions of people
 Strong economy
 Produce labor
 Spend money
 Weak economy
 Cut back on spending
 Lay-offs/business closure
Cont
3. Contribution of
industry
 Strong economy
 produces
goods
 pays wages
 Weak economy
 cuts
production
 increases
prices
4. Economic Cycles
 Inflation
 Recession
 depression
Implications of Globalization/Global
economy
1.
2.
3.
4.
5.
6.
7.
Diverse customers
New ways of communication
Outsourcing of manufacturing
Global competition
Less unskilled jobs available
E-commerce
Telecommuting
Employment Trends
 Resources
 Career Outlook
 Occupational Outlook Handbook (OOH)
 Professional organizations/journals
 National trends
 Service producing vs. goods producing industries
 Information producing industries
 Increase in careers requiring education beyond high
school
 Local/Regional labor market data
 Economic Development Council
 Employment Security Commission
 Department of Labor
Employment, economic and societal trends in
relation to geographic mobility

The impact of world events on the economy and
employment

Economy/competition









Strong economy – People move in to find employment
opportunities
Weak economy – People move out for new employment
opportunities
Governmental action (sanctions/incentives)
Outsourcing of labor
Job growth/transfer
Transportation/commuting
Owner occupant households
Rural occupants to urban areas to find employment
opportunity
Constant movement of residence from urban to suburb to rural
Relocating

Benefits






Can help sustain
economic growth
Can match people
successfully to available
jobs based on
qualifications
Lowers unemployment
rate
Allows an individual to
move up socially
Can access personal
enrichment
resources/experiences
Company relocation
benefits provided

Disadvantages





Impact of social mobility
on child and elder care
Cost of moving
Dual income families –
both spouses finding
employment
Selling home
Losing social support
network
Reasons why changes may require
upgrading of employee’s skills

Employment change



Types


Voluntary
Involuntary

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Keep up with changing technology
Job promotion/transfer
Job outlook
Job loss
Career change
Changing job description/job duties
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SCANS Competencies/Transferable Skills
Lifelong Learning
Analysis of case study work histories
Reasons
Implications for career planning