Career Guidance

Rosellnica L. BalasotoIV – 9 BS Psychology

Career Guidance

refers to services and activities intended to assist individuals, of any age and at any point throughout their lives, to make educational,

training and occupational choices and to manage their careers

[Organization for Economic Cooperation and Development (OECD), 2009]

Career guidance is primarily concerned with realizing

the aspirations and potential of the individual.

Economic Implications of Career Guidance

However, career guidance also offers considerable social and economic benefits for a society.

Individual outcomes

• Human capital• Social capital• Supported transitions

Primary economic outcomes

• Increased labor market participation• Decreased unemployment• Enhanced skills and knowledge base• Flexible and mobile labor market

Secondary economic outcomes

• Improved health• Decreased crime• Increased tax revenue• Decreased benefit costs

Macro-economic benefits

• Deficit reduction• Productivity• Living standards• Economic growth

Reference:

Dodd, V., & Hooley, T. (2015). The Economic Benefits of Career Guidance. Careers England, 1-21.