Chapter 1-1 Personal Skills & Job Market
Economy
All of the activities related to making and distributing goods and services in a geographic area or country
Market economy
An economy based on the laws of supply and demand
Temp agency
An employment agency that provides part-time and full-time jobs on a temporary basis
Follow up
Contact with a prospective employer after the interview but before a person is hired for the opening (could be in the form of a thank you letter)
Job Description
Describe what a job would be like, including tasks performed and skills needed
On-The-Job Training
Learning as you do the work
Self-Training
Learning new skills from reading and practicing on your own
Hard Skills
Measurable by physical and mental abilities that you bring to the job market
Grant
Money given to pay for educational expenses that does not have to be repaid
Financial aid
Money you receive from an outside source to help pay for education
Soft Skills
Nontechnical skills needed by most workers for success on the job
Job Shadowing
Spending time observing a worker in a type of job that interests you
Business cycle
The alternating periods of growth and decline in the economy
Tuition
The expense paid by students for the instruction at a school
Job Market
The job openings that are available when you are ready to go to work
Supply
The quantity of good and services that producers are willing and able to provide
Skill Set
The unique skills and abilities that you bring to the job market
Demand
The willingness and ability of consumers to buy good and services
Job Interview
a face to face meeting with a potential employer to discuss a job opening
Headhunter
an employment specialist who seeks out highly qualified people to fill upper-level positions for an employer
References
people who have known you can provide information about your skill character and achievements (should not be a relative)
Cover Letter
(application letter) a letter that accompanies a resume, introducing the applicant to a prospective employer
Resume
(personal data sheet or vita) a summary of your work experience, education, skills and interests that qualify you for a job opening.
Goal
A desired outcome based on one's value for which a plan of action is carried out
Job application
A form that asks basic questions about the applicant's background, such as work history, education, skills and references
Scholarship
A gift or money or other aid awarded to a student to help pay for education
Social Network
A group of friends and acquaintances who keep in contact and share information
Contact
A person you know, such as a friend or relative
Value
A principle that reflects the worth you place on an idea or action
Ethics
A set of moral values that people consider acceptable; the study of what is right vs wrong
