Career Management & Entrepreneurship exam study guide presentations by instructor Mary Keany, MSLIS, MSIS - PACE-IT (Progressive, Accelerated Certifications for Employment in Information Technology)
2. • The importance of managing your career
• What is career management?
• When and where do you start managing your career?
3. The Business Dictionary defines it as:
“Lifelong, self-monitored process of career planning
that involves choosing and setting personal goals
and formulating strategies for achieving them.”
4. Flick monukhan2013
More control of your career
– if planned in advance
Clear direction of where
you are going
Know what type of job you
are looking for
Positive track record
showing steady
advancement
Fulfilling professional life
Being happy overall
5. Lack of job satisfaction
Stress
Being unhappy overall
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13. Flick Abhijit Bhaduri
What is important to you?
• Regular Self-Assessment
can help you better
understand yourself and
your goals.
14. • The importance of managing your career
• What is career management?
• When and where do you start managing your career?
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Editor's Notes
Career management. Why do you need it? It used to be that people would get their first job and retire (of old age) from the same company. They would go through different positions, even different departments, but they would not necessarily manage their careers. They followed a career path that was laid out by the company. The employees only responsibility was to do their job well, and the promotion and the next job was waiting for them. That was the norm and that is no longer a common default.
The new norm is a much smaller world, a world with geographical boundaries almost nonexistent or at least irrelevant. The internet and the global village made that possible. You can look for new opportunities a half-world away. For a lot of jobs now, you don’t have to be physically in any specific place. For a lot of jobs, all you need is an internet connection and a laptop.
But the same thing that created the opportunities also created a lot more competition. The internet provides an endless source of free online course, how-to videos, lectures from colleges and universities, and a ton of written material. All these resources are given to people who couldn’t get a formal education previously. Now they can obtain all the skills needed to get the job of their dreams, thus making the job market the most competitive it has even been.
This course was designed to give you an edge against the competition. In this first video, we will talk about the importance of managing your career and of what exactly career management is and where to start.
So, what is career management? The business dictionary defines it as “Lifelong, self-monitored process of career planning that involves choosing and setting personal goals and formulating strategies for achieving them.”
It is a lifelong effort because it requires constant monitoring and constant adjustments. Paying close attention to what is going on in your chosen industry will allow you to see what additional skills and knowledge you require to move to the next level in your career.
It is a lifelong effort is because you will, most likely, be changing jobs every 5 to 7 years; not only to different positions within the same company, but different positions with different companies. This is not a bad thing and it should not be a scary thing. The reason you might move more frequently than your parents and grandparents used to is not necessarily that companies go out of business or they have layoffs (although that sometimes happens). Most of the time it is because you see opportunities outside your company or you are being approached by people outside your company to join their organizations.
Let’s look at some of the pros and cons of career management.
The most important benefit of managing your career is that you become in charge of your own career. You control its destiny more than it controls you. You will create a plan with steps for how to achieve your goals. This will give you a clear direction of where you want to go and focus your planning on achieving that goal. Continuing this process will show a steady track record of your advancement, which goes long way with hiring managers. The clear direction and the steady advancement will also make you happy. It will be a great proof that you are on the right track, that you achieved your goals so far.
Now let’s look at the downside of not managing your career:
When you just “end up” in a place, it is most likely not your favorite place to be. Lack of job satisfaction usually leads to stress and stress leads to health problems, such as high blood pressure. It can also lead to depression.
A derailment with no course correction on sight is very depressing and, often times, the reason why most people never recover and make the necessary changes to get out of the bad situation and get back on track.
So, why is so important to like the job we are in? Simply put: because we spend at least, if not more, than 1/3 of our lives working. Studies have shown that people spend more time with coworkers than with their own families. And since we spend so much time in one place with a group of people, we better like the place, like what we do, and like the people we work with and for.
Now, lets look at what we need to do to avoid this situation.
The first step in avoiding the wrong job is to understand what makes up career management. Career management has multiple components including your education, your skills, your values, your experience, your interests, and networking. Let’s look at each individually.
You college degree or certificate is the first one that will help you get a start in the industry you chose. Throughout your career, you should continue educating yourself through professional development opportunities, additional certifications, and degrees, when appropriate. For example, lets say your field of choice is web development. Your degree provided training on specific programing languages, for example, HTML. However, through your constant scanning of the industry, you noticed that new languages are now used more than HTML. To keep current, you might consider taking a class either at a local college, or online from Lynda.com, Coursera, or other online learning sites. The cost of these classes range free to few hundred dollars. The investment of time, money, and your effort will pay off in the long run, when you will be able to get a better paying job or move to a company that is a better fit for you. Sticking with the same skillset and ignoring the new trends in your industry will only make a dinosaur in the the industry.
Your current skills will help you, like your education, get a foot in the door. However, to continue advancing per your plan, you will need to keep your kills up-to-date. That might mean experimenting with new technology on your spare time, if your workplace doesn’t facilitate it, or you might find that your hobbies provide you with skills you can use in your job (current or future). Especially, in today’s world, when technology changes at such fast speeds you need to keep enhancing your current skills and adding new ones.
Past experience counts, even if it’s unrelated. Life experiences can include traveling in foreign countries, working as a volunteer for non-profit organizations, or working from a very early age to help support yourself or your family. All of these show a part of you that might not necessarily reflect in the work experience. They can show qualities like: risk taking, compassion, showing maturity from a very early age, or leadership skills.
Your interests and your hobbies also play a role in your career management for two reasons. Firstly, because they can actually enhance your skills and add value to your resume. Say for example that you are in the IT business and your day job is writing code. If your hobby is building computers from scratch, the knowledge of how the hardware works will enhance your programming skills. You will know how to better leverage the hardware’s capabilities in your programming. Secondly, you might have a hobby that will have nothing to do with your career; a hobby that might not result in any business or financial benefits, but it makes you feel relaxed and allows you to use your creativity. You will want to have time to dedicate to your hobby. In this case, you might choose to structure your career a bit differently and look for something that offers more free time, even if it means less money.
Values become very important, especially when you decide on the type of company you want to work for. For example, you feel very strongly about the environment, working for an oil company in their drilling division might not be the best fit. However, working in their environmental conservation division might be the best fit for you.
Knowing in advance what your values are will help you select the best company for you.
Networking is probably one of the most important elements of career management. Research has shown that people find jobs more through their “loose” connections than through close friends and associates. The “loose” connections usually operate in different circles than you, thus giving you an expanded pool of opportunities. Loose connections can be your neighbors’ friends, a friend of a friend, a former colleague who switched industries, or former classmates.
Besides nurturing these loose connections, you should also continue to foster existing connections. Sending “hello, hope all is well” emails once in awhile, or sending an article or a link to a topic the connection might be interested in are couple of ways of keeping in touch with people without spamming them.
Professional organizations are good for multiple reasons. They provide the networking opportunities but they also are a good source of keeping up-to-date with the latest trends for your industry. Most organizations also offer professional education in form of seminars, online and face-to-face classes on topics specific to the industry. Some talk about the various career paths available for that industry and the necessary skillset you need.
Networking events are good opportunities to make new “loose” connections. They usually target people from different industries.
Volunteering is another great opportunity to meet new people and make “loose” connections. You can also volunteer as a way to experiment with new skills and deepen your experience in a specific area.
Online forums and online networking sites, like LinkedIn, allow you to connect with people that are geographically far away from your location. You can learn what type of issues other professionals in your industry are facing, how they solve them, and what you can learn from their experiences. It is a place YOU can post advice and your own experience and establish yourself as an expert.
Your work life values as well as your personal values will change over time. What you want when you are in your 20’s might be very different than what you want in your 30’s, 40’s, 50’s, or 60’s.