16 Career Changes Copyright © 2016, 2013, 2011 Pearson Education, Inc SUCCESS PROGRESS LEGACY Copyright © 2016, 2013, 2011 Pearson Education, Inc After studying these topics, you will benefit by: • Identifying various methods of increasing training and development • Committing to life-long learning and the practice of professionalism • Naming the various changes in employment status that can occur in one’s career Copyright © 2016, 2013, 2011 Pearson Education, Inc After studying these topics, you will benefit by (cont.): • Demonstrating appropriate behaviors to exhibit when embarking on a new job search and when leaving a position • Describing the opportunities, benefits, and resources to become an entrepreneur • Integrating professional behavior into your life plan Copyright © 2016, 2013, 2011 Pearson Education, Inc CAREER CHANGES • Career changes should be welcome because they mean you are accomplishing and updating your goals Copyright © 2016, 2013, 2011 Pearson Education, Inc TRAINING AND DEVELOPMENT • Training: learning new skills • Development: enhancing existing skills • Be aware of key duties within other departments • Increase your knowledge and understanding of the company mission and strategy Copyright © 2016, 2013, 2011 Pearson Education, Inc TOPIC SITUATION Destin TOPIC RESPONSE: Should Destin attend? Why or why not? Copyright © 2016, 2013, 2011 Pearson Education, Inc CONTINUAL LEARNING • Continual learning: the ongoing process of increasing your knowledge in the area of your career • Formal learning: returning to college to increase knowledge, improve skills, or receive an advance degree • Informal learning: reading career-related magazines, newsletters, Internet research, or informational interviews Copyright © 2016, 2013, 2011 Pearson Education, Inc CHANGES IN EMPLOYMENT STATUS • Natural to desire a job change • Reasons for change include: – – – – – – Acquired experience Higher salary Improved work hours Increased responsibility, status, and power A perceived decrease in stress Desire for different work environment and/or colleagues Copyright © 2016, 2013, 2011 Pearson Education, Inc NEW JOB SEARCHES • Inform others of your desire for a new job only if: – Increased education – Moving away – Mastery of job skills • Secure a letter of recommendation • Keep job search confidential if your desire for new job is not based on any of the above Copyright © 2016, 2013, 2011 Pearson Education, Inc 10 TOPIC SITUATION Rachel’s Opportunity TOPIC RESPONSE: Based on everything you have learned in this course, what additional activities can Rachel to position herself for a promotion? Copyright © 2016, 2013, 2011 Pearson Education, Inc 15 VOLUNTARY TERMINATIONS • Voluntary termination: leaving your job on your own (new job or retirement) – Do not quit your job unless you have one waiting – Be professional and not burn bridges • Letter of resignation: written notice of your voluntary termination – Two weeks’ notice – Provide final day – Sign and date letter - Typed - Be positive Copyright © 2016, 2013, 2011 Pearson Education, Inc 16 February 1, 2018 Susie Supervisor ABC Company 123 Avenue 456 Anycity, USA 98765 Sample Letter of Resignation RE: Notice of Resignation Dear Ms Supervisor: While I have enjoyed working for ABC Company, I have been offered and have accepted a new position with another firm Therefore, my last day of employment will be February 23, 2018 In the past two years, I have had the pleasure of learning new skills and of working with extremely talented individuals I thank you for the opportunities you have provided me and wish everyone at ABC Company continued success Sincerely, Jennie New-job Jennie New-Job 123 North Avenue Anycity, USA 98765 Copyright © 2016, 2013, 2011 Pearson Education, Inc 17 VOLUNTARY TERMINATIONS • Do not behave or speak negatively • Leave in a manner that makes the company want to rehire you • Remain professional • Turn in keys, name badge, company property • Do not take or destroy company property • Take only personal belongings • Preserve confidentiality Copyright © 2016, 2013, 2011 Pearson Education, Inc 18 TOPIC SITUATION Audrey Leaving a Job TOPIC RESPONSE: If you leave your employer on a bad note, what steps can you take to correct the situation? Copyright © 2016, 2013, 2011 Pearson Education, Inc 19 VOLUNTARY TERMINATIONS • Exit interview: when an employer meets with an employee who is voluntarily leaving a company to identify opportunities to improve the work environment – Questions regarding former position, boss, and work environment – Goal is to secure constructive input on how to improve company – Share opportunities for improvement – Do not get personal – Remain professional Copyright © 2016, 2013, 2011 Pearson Education, Inc 20 INVOLUNTARY TERMINATIONS • Involuntary termination: when you lose your job against your will • Involuntary terminations include: – Firing: terminated for poor performance – Layoff: result of company financial issue – Restructuring: company change of strategy Copyright © 2016, 2013, 2011 Pearson Education, Inc 21 TALK IT OUT If you were laid off, what are the first three things you would do, and why? Copyright © 2016, 2013, 2011 Pearson Education, Inc 22 INVOLUNTARY TERMINATIONS • Work recall: employee is called back after being laid off • Furloughs – – – – – Employees take unpaid work days Required Not due to poor performance An effort to save financial resources Use time wisely Copyright © 2016, 2013, 2011 Pearson Education, Inc 23 THINK ABOUT IT What is the best way to use your time during a furlough day? Copyright © 2016, 2013, 2011 Pearson Education, Inc 24 OTHER MOVES WITHIN THE ORGANIZATION • Lateral move: transferred to another area of company with the same pay and responsibilities • Demotion: a decrease in job title, status, and pay • Retirement: employee voluntarily leaves company and will no longer be working Copyright © 2016, 2013, 2011 Pearson Education, Inc 25 ENTREPRENEURSHIP • Entrepreneur: someone who assumes the risk of succeeding or failing in business through owning and operating a business • Reasons people become entrepreneurs: – – – – Would rather work for themselves Want more control of work environment Want more income Have lost their jobs and are unable to find another Copyright © 2016, 2013, 2011 Pearson Education, Inc 26 TALK IT OUT What type of business would you like to own? What steps you need to take to make this dream a reality? Copyright © 2016, 2013, 2011 Pearson Education, Inc 27 CAREER SUCCESS • Do not change jobs too frequently • Those with healthy careers rarely stay in one job • Keep résumé updated • Doing so keeps you motivated to: – Take on additional responsibilities – Increase knowledge, skills, and abilities – Be prepared for career opportunities Copyright © 2016, 2013, 2011 Pearson Education, Inc 28 Keep focused on your life plan and consistently display professionalism so you will be positioned for a lifetime of workplace success Copyright © 2016, 2013, 2011 Pearson Education, Inc 29 ... your knowledge in the area of your career • Formal learning: returning to college to increase knowledge, improve skills, or receive an advance degree • Informal learning: reading career-related magazines,... decrease in stress Desire for different work environment and/or colleagues Copyright © 2016, 2013, 2011 Pearson Education, Inc NEW JOB SEARCHES • Inform others of your desire for a new job only if:... getting a promotion: – Begin behaving and dressing for the desired position – Secure copy of job description for desired job – Develop new skills – Watch and learn from others Copyright © 2016,