Managing Your Career in a New Technology Driven Age

1. Managing Your Career in aNew Technology Driven Age C. Randall Powell Thank you for the invitation. Congratulations on your Achievements! Financial Executive’s InstituteExecutive Day, April 20, 2000Indianapolis Athletics Club

2. Managing Your Career in aNew Technology Driven Age C. Randall Powell

3. Thank you for the invitation. Congratulations on your Achievements! Financial Executives InstituteExecutive Day, April 20, 2000Indianapolis Athletics Club

4. Set the Stage — Current Environment • Trends in Career Outlook • Trends in Job Market • Employee Needs and Changes • INFLUENCE OF TECHNOLOGY • Work Environment is Changing • Universities Adapting to Change 1

5. The Current Career Outlook • Very low unemployment • Strong economic growth • Tough to find technical talent • Resort to training • Employees willing to leave (3-5 job tenures) • Upward mobility theme for everyone 2

6. Job Market Changing • Much more efficient (find people) • Easier to advertise (classified, e-mail, www) • Employee attitudes: Best Deal for Me. • Employers will to terminate quickly • Hire - Train - Fire - Rehire 3

7. Employee Needs are Changing • Earnings are adequate • Want more autonomy and independence • More entrepreneurial attitudes • Paid in future by options • Incentive compensation/bonus if… • Less loyalty to job • Loyalty to profession; not employer 4

8. The Environment is Changing • New search technologies • Mobile society – go with job • Mergers – Spin-offs – IPOs • Entrepreneurial spirit (dot.coms) • Greater job risk-taking • Very hectic work pace 5

9. The University Servicesare Changing • On-campus interviews not growing • Employers focus on underclass students • Experiential education – Coops/Internships • Career education; not job placement • Facilitating relationships • Activity-Based education — Learn by doing • Continuous education • Competing with employers • Involved in Career Development/Training 6

10. Career Managementin aTechnology Age 7

11. Definition of a CareerVersus a Job JOB — Way to earn a livelihood – tasks – short-term Tasks oriented Short-term Do what told to do CAREER — Work activity themes Longer term commitment Higher education Extensive training and experience Continuous education Fun, enjoyment of activities 8

12. Career Management Process • Series of jobs • Advancement to better job • Change as a way of life 9

13. Career Planning • An extensive activity — balance sheet • Continuous process — P & L statement • Sets the itinerary • Goal-directed behavior • Discuss the techniques 10

14. Presentation Goal • Convince you to do an annual balance sheet • Maintain your P & L statement • Set profit goals 11

15. Career Planning Activity Part I — Plan Create a balance sheet today Create a balance sheet for the future Part II — Implement Your Plan Constantly look for opportunities - Within your organization - External to your organization Job search process - Change must happen - Tools and techniques Constant monitoring - Change behaviors- Learn new skills 12

16. Influencing Personal Change • Where are you today? • Where do you want to be? • Where is your roadmap? 13

17. Career Planning Model I. Self-Assessment II. Career Exploration III. Career Management 14

18. Self-AssessmentWho Am I? — Balance Sheet • Current Resume • Tests and Inventories • Inventories • Opinions (yours and others) 15

19. Self-Assessment Tools Sources • Software Galore • Websites • Career Development Centers College Private 16

20. Assessment Methodology/Instrument • Values • Interests • Personal Characteristics • Skills and Abilities 17

21. Websites to Assist — BPO • Keirsey Temperament Sorter • Myers-Briggs Type Indicator • Holland Self-Directed • I-Speak Communication Style – DBM • NEO Personality – Discover Me • Career Leader – 3 tests • America’s Job Bank 18

22. Assessment Goal • Better understand yourself • Document your knowledge • Add credibility – Degree/Transcript • Beyond KSA (job description) 19

23. Next Step: What’s Available • Stop dreaming – Get real • Internships • Mentors • Day Trips — Tag-a-longs — Shadow • Career Books/Employment Brochures • Websites – Professional Associations 20

24. Exploration Websites • Wetfeet.com • Career leader Profiles • America’s Job Bank (Career Infonet) • Occupational Outlook Handbook • bpo.indiana.edu 21

25. Investigate • Read • Explore • Surf • Talk • Write Rest and Write 22

26. Goals • Review self • Consolidate exploration results • Decide • Future resume 23

27. Career Management • Remember: Goal-directed behavior • Start job search • Accept job • Manage to a personal plan 24

28. Job Search Strategies – Job Leads • College Placement Office • Network • Agencies • Websites 25

29. Job Websites • Career Xroads Book • Monster.com • Jobtrak.com • Careerpath.com • Careermosaic • Futurestep.com • Joboptions.com 26

30. Continuous Career Development • Soft Skill DevelopmentComes for experience Leadership Communication Relationship Mentoring • New Skill Development Universities Executive Education Company programs Graduate School – change career Web universities 27

31. Lifelong Learning • Formal • Informal • Continuous • Learn to change behaviors • Focus on your career plan 28

32. Career Education • Activity-Based learning • External events often drive it Fired Downsized Merged Management change • Network constantly • Keep resume current • Use the new technology 29

33. “Best of success to you in your chosen career.” 30