Lesson 4.1 Job Basics February 28, 2011Copyright © 2007-2011 … REMTECH, inc … All Rights Reserved1 Introduction Why should you worry about a career when

Lesson 4.1Job Basics

February 28, 2011

Copyright © 2007-2011 … REMTECH, inc … All Rights Reserved 1

Introduction

Why should you worry about a career when you are still in high school?

Time is precious and it takes time to do the following

It normally takes 12 to 20 years to prepare for a career

Develop your career goals

Select a career

Prepare for that career


February 28, 2011


Objectives

• Define the important career and job terms

You should be able to do the following after completing this lesson

• Describe how you should go about selecting a career

• Identify how you will prepare for a selected career

• Review why you should not overlook the important of education

• Discuss how long it takes to properly prepare for a career

• Explain how to develop your career goals

• Summarize the link between education and income

• Explain the link between education and unemployment


February 28, 2011


4.1.1 – Why Do People Work?

• What the basic necessities of life are

In this section, you will learn:

• Why people work

• How many years most people spend working

• Other reasons people work


February 28, 2011


4.1.2 – Selecting a Career

• Why you should define your career goals first


• Why it is important to explore different careers

• What you should look for when researching different careers

• Why you should not under-estimate the important of money


February 28, 2011


4.1.3 – The Work Force

• What the work force is


• What the current composition of the work force is

• What will happen to the work force in the future

• What is unique about those 65 or older and still in the work force

• Work Force Composition Example

You will run the following Interactive Example:


February 28, 2011


4.1.4 – Employees and Employers

• What an employer is and what they do


• What an employee is and what they do

• The function of both employees and employers

• What the relationship between employees and employers is


February 28, 2011


4.1.5 – Types of Employees

• What a hourly employee is


• What a salaried employee is

• What a full-time employee is

• What a part-time employee is

• How to calculate weekly pay for both hourly and salaried employees


February 28, 2011


4.1.6 – Employment Compensation

• What Total Compensation is


• What Basic Pay consists of

• What Additional Pay consists of

• The two forms of Additional Pay

• What the Cash Equivalent Value of pay is


February 28, 2011


4.1.7 – Employee Benefits

• What Employee Benefits are


• What the common Employee Benefits not paid in cash are

• How to estimate the Cash Equivalent Value of Employee Benefits

• Which employees get Employee Benefits

• How Employee Benefits are categorized

• What the common Employee Benefits paid in cash are


February 28, 2011


4.1.8 – Fringe Benefits

• What Fringe Benefits are


• Which employees get Fringe Benefits

• Total Compensation Exercise

You will run the following Interactive Exercise

• About common Fringe Benefits

• How much your Total Compensation can exceed your Basic Pay when employee and fringe benefits are considered


February 28, 2011


4.1.9 – Entry-Level Pay

• What entry-level and average pay is


• Which type you will get when your first enter the work force

• What the entry-level pay for a specific job is based on

• How to estimate entry-level pay when the average pay is known


February 28, 2011


4.1.10 – The Importance of Education

• What Human Capital is and why it is important


• What is unique about those who have more education, skills and knowledge

• How much each year of education increases potential lifetime earnings

• New Jobs Example


• How the lifetime earnings for a bachelor’s degree compares to someone who doesn’t complete high school


February 28, 2011


4.1.11 – Unemployment

• What Unemployment is


• Why some types of jobs are disappearing

• About the link between education and unemployment

• Unemployment Example


• If most people will experience unemployment

• Who regularly tracks Unemployment


February 28, 2011


Discussion Questions

Why is it important to understand things such as employees, employers, total compensation, employee benefits, entry-level

pay and unemployment?

How long do you have to go to school before it stops increasing your potential lifetime earnings?

Documents

Lesson 4.1 Job Basics February 28, 2011Copyright © 2007-2011 … REMTECH, inc … All Rights Reserved1 Introduction Why should you worry about a career when