FIN 221 Lecture Notes - Lecture 2: Labor Rights, Health Savings Account, Savings Account
Document Summary
Few decisions in life will affect you to a greater extent than your choice of employment. Your income, amount of leisure time, travel opportunities, and the people with whom you associate will be greatly influenced by your work situation. Career choice factors: the average person changes jobs/careers 5 or more times during a lifetime. Job: an employment position obtained mainly to earn money. Vs: career: a commitment to a profession that requires continued training and offers a clear path for occupational growth. Income defined per year: trade-offs: personal/social/economic factors, career training/skill development: More education increases your potential earning power & reduce chances of unemployment. Skills gap: the difference between skills needed by employers and the job hunters are employability skills, which refer to the basic capabilities necessary for obtaining, maintaining, and advancing in a work situation. To make sure you are current on skills when leaving college. Technical skills: specialized career training refers to technical skills for a specific profession.
