Public Sector
funded by tax dollars (includes local and state governments, federal government agencies)
Private Sector
the part of the economy not controlled by the government
Individual proprietorship
owned and controlled by one person, known as the proprietor
Partnership
owned and controlled by two or more people
Corporations
owned by many people called shareholders because they own shares in the company
Full time
spending at least seven or eight hours at work each day, five days a week *usually receive benefits such as vacations and insurance
Part time
usually work a few days each week or a few hours each day (usually lower pay and no benefits)
Contract
working on a specific project for a specified period of time (when the project is over, the job is over)
Temporary
usually a job that is for a short time, no benefits or security
Freelance
self employed workers that usually work for several different clients (usually no benefits)
Entrepreneurship
when a person sets up and operates a business for themselves
Grants
you don't have to pay back, but you must qualify for them
Loans
usually a low interest rate, but you must pay them back
Scholarships
you don't pay these back, but you must meet requirements the earn them
Work study
working on campus while you study
Service economy
more workers perform services at work, instead of producing goods
Global economy
because we have a GLOBAL ECONOMY. we are trading w/ other countries for things they produce
Job
work you do for pay
Occupation
a wide category of related jobs with similar characteristics (within an occupation, there are related jobs)
Career
your lifetime journey of related work experience, skills, and talents
Aptitudes
are natural talents; things you are good at without trying
Values
are beliefs, feelings and ideas about what is important to you
Duties
what you need to do in the job or tasks
Working conditions
describe the hours, how you are expected to dress, and if the job takes place indoors or outdoors
Requirements
are the level of education, skills and training required
Employment Prospects
describe how many people are employed in that line of work and where the jobs are located
Wages
or earnings describes how much money you make at the job
Future Outlook
describes how many jobs are available in the future in this career
Experience
people can get work EXPERIENCE through volunteering, work study, internships, jobs, and job shadowing
Career cluster
are groups of related occupations or jobs
Resume
a personal and professional summary of your background and qualifications
Reference list
a collection of people who can vouch for you and the skills you have claimed on your resume and/or job
Role Conflict
occurs when one role has a significant negative impact on another role
Spillover
one role "spills over" onto another, affecting your ability to fulfill it as well as you would like to
Internal effects
causes stress, distraction, exhaustion, and makes you unable to think clearly
External effects
can keep you from participating in activities that are important to you
Interpersonal effects
internal effects causes problems with you family, friends, co workers. etc...
Flex time
work your # of hours when it is convenient
Compressed schedules
work longer hours but fewer days
Job Sharing
two people share a job
Telecommuting
working from home