Career Planning
What is a career pathway?
A career pathway is a series of steps or stages that lead to a specific career, including education and experiences required.
What does deduction mean?
A deduction is an amount taken out of your gross pay, such as taxes or benefits.
Why are specialized skills important?
Specialized skills are important because they increase demand for your abilities and can lead to higher pay.
What is a strength?
Something you are good at; a positive skill that you possess
If an employee's gross pay is $3,000 and total deductions are $750, what is the net pay?
Net Pay = Gross Pay - Deductions; Net Pay = $3,000 - $750 = $2,250
What is a SMART goal?
A SMART goal is Specific, Measurable, Achievable, Relevant, and Time-bound.
What is gross pay?
Gross pay is the total amount of money made before any deductions are taken out.
Name one way to improve your skills.
One way to improve your skills is through specialized training or education.
How can you prepare for an interview?
You can prepare for an interview by researching the company and practicing answers to common questions.
If an employee's gross pay is $2,800 and they have a State Tax deduction of $280, what is their gross pay after this deduction?
$2,800 - $280 = $2,520
What is self-assessment?
Self-assessment involves evaluating your interests, skills, values, personality traits, and preferred work environments.
What deductions might appear on a pay stub?
Deductions that might appear on a pay stub include Federal Tax, State Tax, Social Security, and Medicare.
How can continuous learning help your career?
Continuous learning can help your career by promoting career growth.
What should you wear to an interview?
You should dress professionally or for the job you want.
If an employee has a gross pay of $4,500 and the Federal Tax deduction is $450, what is the remaining amount before other deductions?
$4,500 - $450 = $4,050
Why does career planning matter?
Career planning matters because it helps set goals and direction, reduces uncertainty, achieves job satisfaction, improves decision-making, leads to better financial outcomes, and allows for personal and professional growth.
What information does a pay stub provide?
A pay stub provides information about your earnings (gross pay), deductions, and net pay.
What is earning power?
Earning power is your ability to earn income over time, influenced by skills, experience, and education.
What is a common interview question?
A common interview question is "Tell me about yourself." (Will accept other questions as well)
If Social Security is deducted at 6.2% from a gross pay of $2,000, what is the amount deducted?
Security Deduction = $2,000 × 0.062 = $124
What are the 4 phases of career planning?
The 4 phases of career planning are: Self Assessment, Research, Decision-Making, and Action.
What is net pay?
Net pay is the amount of money you take home after all deductions are made from your gross pay.
How does education affect earning power?
Education affects earning power by providing more job options and opportunities for higher income.
Why are interviews important?
Interviews are important because they provide an opportunity to showcase yourself and make a first impression, which is a key step in getting hired.
If an employee earns $1,000 and has Medicare deducted at 1.45%, how much is deducted for Medicare?
Medicare Deduction = $1,000 × 0.0145 = $14.50