Careers and Career Development • Whose perspective? • The organization: succession planning • The individual: career planning • Changing ideas about careers • Current issues in careers Page 1 MGMT 412 | Careers Fall 2008 What is a Career? • “A sequence of positions occupied by a person during the course of a lifetime” • “A sense of where one is going in one’s work life” • Who is responsible for your career? • Traditionally, the employer • Now, YOU • What constitutes a successful career? Page 2 MGMT 412 | Careers Fall 2008 Succession Planning • Determine possible successors • Job analysis of key jobs and job progressions, as they will exist in the future • Appraise employees’ performance to determine gaps • Training and development to close gaps • Progression through career ladder Page 3 MGMT 412 | Careers Fall 2008 Career Development • Career planning • How do individuals choose careers? • The career cycle • Changing ideas about careers • Current issues in careers Page 4 MGMT 412 | Careers Fall 2008 Career Planning • Identify individual goals • Assess personal characteristics • Determine how and if goals can be reached • Obtain more information about goal • Compare personal resources and career requirements • Take steps toward goal • Mentors and other interpersonal relationships • Personal development activities • Periodically reassess goals and progress toward goals Page 5 MGMT 412 | Careers Fall 2008 Mentors • A mentor: a senior person in the organization who guides your career • What does a mentor do? • Provides inside knowledge, insight into culture • Feedback on career progress • Provides opportunities for visibility • How do you find a mentor? • Seek one out • You may be sought out • Formal company program Page 6 MGMT 412 | Careers Fall 2008 Individual Career Choice • Overall life goals • Social background, including family • • • • factors Personal interests Abilities Self-identity Personality factors Page 7 MGMT 412 | Careers Fall 2008 Holland’s Model of Occupational Personality Types • Realistic • • • • • Prefers to work alone Values predictability, order Work with hands Craft/trades, engineer, military Investigative • • • • • • • • • Page 8 • • • • • Interested in ideas, not people; abstract thinker Creative (external focus) Tends to be cold, distant Scientist, physician • Artistic Work with ideas and materials to express self Creative (internal focus) Singleminded Social Work with and through others Provide nurturance and support Not abstract thinkers Helping professions Enterprising • • • • Control, dominate people Interpersonally distant Prefers well-defined, clear goals Management Conventional • • • Focus on details (verbal, numeric), not people Looks for structured setting Clerical, accounting MGMT 412 | Careers Fall 2008 Issues to Consider in Career Choice • Overall life goals • Look at each choice or step as it contributes • • • • to your overall goal Be willing to make short-term sacrifices for long-term benefits Think carefully about becoming too specialized Portable knowledge & skills Networking Page 9 MGMT 412 | Careers Fall 2008 A Model of Career Development Identify individual goals Assess personal strengths and weaknesses Determine how and if goals can be reached Obtain information about career requirements Compare personal resources and career requirements Take steps toward goal Page 10 Periodically reassess goals and progress toward goals MGMT 412 | Careers Fall 2008 The Career Cycle: Traditional Model Pre-Career Exploration Early Career Trial Middle Career Transition Middle Career Late Career Maintenance Late Career Withdrawal Page 11 Early Career Establishment Growth MGMT 412 | Careers Retirement Fall 2008 The Career Cycle: A New Model Beginning Expanding Changing Mid-Career Toward End of Career Page 12 MGMT 412 | Careers Fall 2008 Current Issues in Careers • Retirement • Dual career paths • Work and family • Moonlighting Page 13 MGMT 412 | Careers Fall 2008 Source: AARP Retirement • Retirement is now an option..... • Work is less physically demanding • People live longer and are healthier longer • So, retirement at age 65, closely followed by death, is no longer the norm • Why? • • • • • To stay active (mentally and physically) To be productive, to help other people Money (Social Security may not be enough) Interaction with other people Where? • Is it just McDonald’s and WalMart? • Part-time or temporary for previous employer • Something entirely new Page 14 MGMT 412 | Careers Fall 2008 Total Population and Retirees Population Age Distribution Labor Force Participation - 2000-2010 60.00% 70% 60% 50% 40% 30% 20% 10% 0% 50.00% 40.00% 60-61 62-64 65-69 2000 30.00% 70-74 75-79 80+ 2010 Post-Retirement Plans 20.00% 35% 30% 25% 20% 15% 10% 5% 0% 10.00% 0.00% 0-19 20-59 60-64 65-69 70-74 75-79 80-84 2000 2005 2010 Not work for Work partpay time, same work 2015 Sources: US Bureau of the Census ; AARP Page 15 85+ MGMT 412 | Careers Work parttime, different work Work fulltime Don't know Fall 2008 What Does Retirement Mean? Feeling less useful Trying different work Having to work Stop working entirely Working for enjoyment, not money Slowing down Volunteer / Charity Travel Things you never had time for Receive retirement benefits Fun Relax Time with family / friends 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Source: AARP Page 16 MGMT 412 | Careers Fall 2008 Why Work After Retirement? Pursue a dream Learn new things Need money Be around people Help others Need health benefits Do something fun or enjoyable Remain productive or useful Physically active Mentally active 0 20 40 Before retirement 60 80 100 After retirement Source: AARP Page 17 MGMT 412 | Careers Fall 2008 Work and Family • Recent (2001) survey indicated 28% of workers felt “overworked” • Why? • • • • • • • Page 18 Hours (actual time worked) Pressure (work volume, conflicting demands) 24 / 7 demands No time off Recent downsizings Lack of meaningful work Lack of organizational support to do job MGMT 412 | Careers Fall 2008 What Can Be Done? • Family-friendly benefits, work-life programs • What might be included? • Child care (on-site, other assistance) • Specialized child care (24 hour, sick child) • Elder care • Alternative work arrangements (flextime, job sharing, support for part-time work) • Employee services Page 19 MGMT 412 | Careers Fall 2008 What is Stress? • “A physiological and emotional response to stimuli (stressors) that place physical or psychological demands on an individual” • The response: • Discomfort • Anxiety • Feelings of being overwhelmed • Physical effects • Withdrawal Page 20 MGMT 412 | Careers Fall 2008 Sources of Stress • Personal characteristics and circumstances • Physical and task demands • Role characteristics Page 21 MGMT 412 | Careers Fall 2008 Personal Characteristics • Type A vs. Type B • Type A = competitive, impatient, aggressive • Type B = more relaxed, balanced • Type A associated with higher levels of stressrelated illness • Personal events • Changes in family circumstances • Economic pressures • Availability of support Page 22 MGMT 412 | Careers Fall 2008 Sources of Stress • Physical demands of work • Noise, heat, dust • Too little privacy • Repetitive movements • Task demands • Serious consequences of decisions • Incomplete information • Nonprogrammed decisions • Role Characteristics • Role overload (too much to do) • Role ambiguity (uncertainty about what to do) • Role conflict (incompatible demands) Page 23 MGMT 412 | Careers Fall 2008 Reducing Stress • Redesign jobs or the workplace • Provide information • Reduce task demands • Reduce role ambiguity • Reduce commitments Page 24 MGMT 412 | Careers Fall 2008 Managing Stress • Social support • Family • Friends • Support groups • Calming activities • Yoga, meditation or prayer • Exercise • Unhealthy coping mechanisms • Food • Alcohol or medications Page 25 MGMT 412 | Careers Fall 2008 Moonlighting • Why? • Income • Interest in the field, enjoyment • Prepare for a future career • Who? • 5% to 6% of the work force (minimum estimate) • Everyone -- farmers, single mothers, police and firefighters, artists, professionals, etc. Page 26 MGMT 412 | Careers Fall 2008 Handling Moonlighting • Potential problems for organization • Split focus / divided attention • Conflict of interest / confidentiality • Public safety • Use of employer’s time, resources • HR policies • One issue -- intrusion into employees’ off-job activities may be dubious, both legally and from employee relations viewpoint; can’t normally ban all moonlighting • Prohibit use of company property / time • Address conflict of interest and confidentiality • May ban particular jobs Page 27 MGMT 412 | Careers Fall 2008