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Career Counseling Part Two > World Of Work > Flashcards

Flashcards in World Of Work Deck (22)
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1


World of Work
Factors shaping U.S.
Labor Markets


• Global Trade
• Technological Developments
• Current Business practices
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2


World of work
Global Economy
Outsourcing / Offshoring


• 1.2 Billion people live on $1 a day
• 245 million children work (ages 5-I7

3


World of work
Technology


• Estimated 38% of U.S.
workers will be replaced
by robots and A. I.
by 2032

4


World of work
Business Practices


• Outsourcing and Downsizing
• mergers and Acquisitions
• Decline of Big Business and Growth
in small Business

5


World of work
Business practices
Outsourcing and Downsizing


• not always outsourcing entire company
work.
• sometimes outsource specific departments

6


World of work
Business Practices
Mergers and Aquisitions


• bigger market share
• reduce costs and redundancy

7


World of work
Business Practices
Decline of Big Business
and Growth in small Business


• Fewer people employed is less expensive
• Personal decrease
• emphasis on cost

8


World of work
Looking to the Future


• Globalization
• Technology
• Downsizing
• The above makes the world of work
volatile and uncertain.

9

World of Work
Which major industry sectors are growing the fastest?

Health Care and Social Assistance
Professional and Business Services
Leisure and Hospitality

10

World of Work
Which industry is the predicted biggest loser?

Manufacturing

11

World of Work
Why shouldn’t we put much stock in projections?

Economic Recession
Rates of tech change
Disasters
Alterations in retirement practices

12

World of Work
Employment Outlook

Lifetime employment no longer exists. Can’t get job out of high school and stay until retirement anymore.
Employment is “at will”
Multiple job changes throughout life
Working beyond retirement
Fewer/ no benefits or pensions

13

World of Work
Today’s World of Work

Self employed
Employers now customers
Developing and maintaining skills
Lifetime employability
Reputation helps employable
We have to keep improving and learning and know how to jump back into the work force if something happens.

14

World of Work
Gig Economy

Many workers are now temporary, contingent, contract, casual, freelance, self-employed, external.
People can now take skills from various trainings and use them for finite projects.
20% of employed people do this

15

World of Work
Sources of Occupational Information

Occupational Outlook Handout (OOH)
O*NET online

16

World of Work
Sources of occupational information
Occupational Outlook Handbook
OOH

detailed information about occupations
Growth projections,

17

World of Work
Sources for Occupational Information
O*NET

Get photo on here
knowledge, skills, abilities
RIASEC?
Interests, work activities, work contexts

18

World of Work
Sources of Occupational Information
Job Search

Indeed.com
Michigan.gov/careers
Job-hunt.org
Careeronestop.org
Keyword Skills matches

19

World of Work
Sources of Occupational Information
Hidden Job Markets

Apply to jobs even if they don’t exist.
Research employers in keyword on
Careeronestop
Ancinet.org

20

World of Work
Sources of Occupational Information
College Search

The College Board
Narrows searches for college

21

World of Work
Sources for Occupational Information
Free Test Prep Websites

4Tests
Test Prep Review
Never take tests without practice

22

World of Work
Sources of Occupational Information
Other ways of gathering information

Informational Interviews with someone in the field.
Job shadowing
Volunteering at volunteer match.org