Comprehensive Career Planning & Financial Literacy for Students

Career

the lifework Chosen by a Person Using his or her Personal talent, education, & training that will lead to a lifestyle a Person wants.

Career Planning

can help an identify an employment Pathway that aligns our interests & abilities with the tasks & responsibilities expected by employers.

Job

a Paid Position of regular employment.

Career Plan

Provides a strategic guide for one's career through Short- Medium-, longer-, and long-term goals as well as future education na work-related experiences.

Breadwinner

the Person who earns an income that is of Primary to a unit of People who are dependent on the Person's income.

Values

the Principles, Standards or qualities Considered Worthwhile or desirable.

Professional interests

topics & activities related to employment about which we have feelings of Curiosity or interest.

Interest inventories

Measures that assist people in assessing & profiling the interests & activities that give them satisfaction.

Career goal

identifying what we want to do for a living. Whether a Specific job (cost accountant, computer engineer, teacher, human resources manager) or a Particular field of work (health care, communications, green engineering).

Career ladder

The progression from entry-level positions to higher levels of pay, skill, responsibility, or authority.

Hustle culture

A work environment that demands long hours, high productivity at a fast pace, and has no boundaries with the employee's personal life.

Lifestyle trade-offs

Weighing the demands of particular jobs with our social and cultural preferences.

Human capital

The skill set, knowledge, and other intangible assets of individuals that can be used to earn income and create economic value for individuals, employers, or communities.

Professional abilities

The qualities that allow us to perform job-related tasks physically, mentally, artistically, mechanically, or financially.

Employability Skills

a set of transferable skills such as communication or critical thinking Skills, that employees can use in any job.

Digitalization

using digital technology in everyday life to change a business model.

Aptitudes

the natural abilities & talents that people possess.

Work Style Personality

a unique set of ways of working with & responding to our job requirements, surroundings, & associates.

Professional networking

the process of making & using contacts, such as individuals, groups, or institutions, to obtain & exchange information in career planning.

Social networking

a set of connection of friends, colleagues, & other personal contacts with a common interest who use websites or other technologies to communicate with each other & Share information & resources.

Job referral

the act of recommending Someone to another for possible employment.

Trial hires

temporary workers employed for a week or two to determine if candidates can do the work & fit in with the organizational culture.

Gig economy

Workplace economy that allows independent contractors (rather than employees) to move from one temporary job to the next without benefits.

Freelancing

Where one chooses to be employed with a more flexible work arrangement (part-time) on a contract basis, often working at home, for a variety of companies.

Entrepreneur

Someone who organizes, manages, and assumes the risk of a business or enterprise.

Code

the language of the digital world.

STEM Majors

Majors in Science, technology, engineering, & Mathematics.

Employee benefits

forms of compensation provided by employers to employees that result in the employee not having to Pay out-of-pocket for certain expenses.

Résumé

Summary record of our education, training, experience, & Other qualifications.

Chronological format

information in reverse order with the most recent first.

Skills format

aptitudes & qualities.

Functional format

Career-related experiences.

Mentor

an experienced Person, often a Senior coworker, who offers friendly career-related advice, guidance, & coaching to a less-experience Person.

Sponsor

Powerfully Positioned Champion who 'leans in' with you by advocating on their proteges' behalf & guiding them toward key Players & assignments.

Job boards

Websites devoted to helping employers find Suitable new employees by providing job sites, job Search tips, job Search engines, & related articles; Some allow Posting of résumés.

Career fairs

University-, Community-, & employer-Sponsored opportunities for job seekers to meet with Perhaps dozens or even hundreds of Potential employers over one or more days.

Employment agency

a firm specializing in locating employment Positions for certain types of employees, such as Secretaries, Sales People, engineers, Managers, & computer Personnel.

Cover letter

a letter of introduction Sent to a prospective employer designed to express our interest in obtaining an interview.

Job interviews

a formal Meeting to discuss an individual's job qualifications & Suitability for an employment Position.

Elevator Speech

Short (20-40 sec), Persuasive Summary of our experiences & skills when networking.

Big data

data that, when compiled, is comprised of a vast amount of information, from a great variety of Sources, that is Collected at high speeds.

Cafeteria Plan

type of employee benefit Plan where employees are offered a choice between cash (taxable) & at least one other nontaxable benefit (nontaxable / tax-Sheltered Benefits).

Flexible Spending account (FSA)

a sum of money that the employee Sets up at the start of each year that can then be used during the year to pay for health care- and/or dependent-care related items.

Protax dollars

Money income that hasn't been taxed by the government.

health Care Plans

Assist employees with their health care expenses.

high-deductible health Plan (HDHP)

Plan that requires individuals to pay a higher deductible to cover Medical expenses before insurance Plan Payments begin; chosen to Save Money On Premiums.

deductible

the amount paid to cover health care expenses before benefits begin.

health Savings accounts (HSAs)

intended for People Who have a high-deductible health Plan. Employees Make tax-deductible Contributions to a savings account to be used for eligible expenses.

Tax-Sheltered retirement Plan

Employer-sponsored, defined-Contribution retirement Plans including 401(k) retirement Plans & Similar 403(b) / 457 Plans.

Match

An employer May Voluntarily contribute a certain amount of Money to an individual's retirement account according to the amount the employee contributes.

Nudge

Policies of employers and/or the government to help get consumers to do what is good for them.

ROTH IRA

Nondeductible, after-tax IRA that offers Significant tax & retirement Planning advantages.

Financial Planner

an investment Professional Who evaluates the Personal finances of an individual or family & recommends Strategies to set & achieve long-term financial goals.

Investment Policy Statement

details the investment Philosophy, financial Situation, & the risks the client is willing to take, as well as what the advisor Will do for the Client.

Suitability Standard

advisors are free to Sell Securities generating the heftiest Profits & commissions, as long as they are judged 'suitable for a client based on factors like age or risk tolerance.

Fiduciary Standard

advisors are legally obligated to always act in the best interest of the client at all times When giving advice or recommendations.

registered investment advisor (RIA)

advisor that is legally required to act as a fiduciary.