MHS 5340 Foundations of Career Development

1. MHS 5340Foundations of Career Development Labor Market Concepts James P. Sampson, Jr. Florida State University

2. The Global Economy • Result of information sharing and transportation of goods and people • Includes manufacturing and services • Almost every jobholder is a competitor in the global economy • Every consumer of goods and services is part of the global economy

3. The Global Economy • Evolution from job security to employment security • Job security: • Security from labor contract • Responsibility of company • Employment security: • Security from maintenance of skills • Responsibility of employee

4. The Global Economy • Career management • Training and experience may be more important than salary • Negotiate training and experience to to maintain and develop skills • Stay skilled to stay employed • Learn what skills are important in the marketplace

5. Changing Nature of Organizations • ClassicModern • Ladder Lattice

6. Use of Labor Market Information • Occupational decisions • Education and training decisions • Employment decisions • Initial career decisions • Ongoing career decisions • More general information – more accurate • More specific information – less accurate

7. Labor Market Information • LMI describes nature and dynamics of employment opportunities and the labor force • Labor force - people who have or are looking for a job • Supply and demand

8. Labor Market Information • Supply information • Employed people • Unemployed people • Education and training programs • New people moving into area • New or reentrants into labor force

9. Labor Market Information • Demand information • Filled jobs • Unfilled jobs • Industrial growth • Changing occupational patterns • Turnover rates

10. Factors Influencing the Labor Market • Government spending and policies • Population characteristics • Population shifts • Technological innovations • Consumer habits • Natural disasters • Enrollment trends

11. Labor Market Information Sources • Government agencies • Federal (Bureau of Labor Statistics) • State (Departments of Labor) • Professional & trade associations • Publishers of print, audio-visual and computer-based resources • Futurist organizations

12. Federal Government Info. Sources • U.S. Department of Labor - Bureau of Labor Statistics • Occupational Outlook Handbook • Occupational Outlook Quarterly • Monthly Labor Review • O*NET

13. State Government Info. Sources • Florida Department of Labor and Employment Security – Labor Market Statistics Florida Industry and Occupational Employment Projections 1996-2006

17. EMPLOYMENT GROWTH BY INDUSTRY DIVISION FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

18. EMPLOYMENT GROWTH IN RETAIL TRADE FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

19. EMPLOYMENT GROWTH IN FINANCE, INSURANCE, AND REAL ESTATE FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

20. EMPLOYMENT GROWTH IN SERVICES FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

21. EMPLOYMENT GROWTH IN GOVERNMENT FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

22. EMPLOYMENT GROWTH RATES BY OCCUPATIONIONAL DIVISION FLORIDA, 1996 - 2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

23. THE FASTEST-GROWING OCCUPATIONS IN FLORIDA 1996-2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

24. OCCUPATIONS GAINING THE MOST NEW JOBS IN FLORIDA 1996-2006 SOURCE: FLORIDA DEPARTMENT OF LABOR AND EMPLOYMENT SECURITY, DIVISION OF JOBS AND BENEFITS, BUREAU OF LABOR MARKET INFORMATION.

25. Labor Market Trends • Big-growth occupations • Food service workers (10% increase) • Fast-growth occupations • Robotics technicians (600% increase) • Only 5,000 robotics workers in U.S, but 18,000 food workers needed

26. Change in Hours Worked • Work hours of white collar workers are increasing as white collar workers do the work of more people from downsizing • Blue collar workers getting second jobs to maintain lifestyle

28. Other LMI Terms • Structural unemployment – loss of employment due to fundamental changes in the economy and the labor market • Dislocated worker - loss of job for other than personal reasons • Occupationalism - thinking less of a person because of his or her job

29. Increasing Employment Variability • Increase in part-time employment & multiple part-time jobs • Downside is lack of benefits • Increase in self employment and ownership of small businesses

30. Increasing Employment Variability • Increase in temporary employment across white and blue collar areas • Some temporary employers providing benefits • Workers only valuable to temporary agencies if they maintain their skills

31. Unemployment & Underemployment • Underemployment - working in a job that doesn’t require your level of education • Higher education levels = • Lower amount of unemployment • Shorter period of unemployment

32. Unemployment & Underemployment • Underemployment depends somewhat on occupational field • Science degrees with specific training have lower underemployment • General degrees with less specific training have higher underemployment

33. Unemployment & Underemployment • More education = more pay • More training = more pay • Downward mobility - taking a lower level job to maintain employment • All things being equal, less educated and skilled workers will move down more quickly • Importance of educational opportunity

41. For Additional Information www.career.fsu.edu/techcenter/ Thank You