Personal Finance Chapter 2 Terms
social networking
A set of connection of friends, colleagues, and other personal contacts with a common interest who use websites or other technologies to communicate with each other and share information and resources.
career plan
A strategic guide for your career through short-, medium-, longer-, and long-term goals as well as future education and work-related experiences.
gig economy
A workplace economy that allows independent contractors (rather than employees) to move from one temporary job to the next without benefits.
STEM majors
Academic majors in science, technology, engineering, and mathematics.
Career planning
Can help you identify an employment pathway that aligns your interests and abilities with the tasks and responsibilities expected by employers over your lifetime.
career ladder
Describes the progression from entry-level positions to higher levels of pay, skill, responsibility, or authority.
employment agency
Firm that locates employment for certain types of employees.
Employee benefits
Forms of remuneration provided by employers to employees that result in the employee not having to pay out-of-pocket money for certain expenses; also known as nonsalary benefits
career goal
Identifying what you want to do for a living, whether a specific job or field of employment.
professional abilities
Job-related activities that you can perform physically, mentally, artistically, mechanically, and financially.
professional interests
Long-standing topics and activities that engage your attention.
Professional networking
Making and using contacts with individuals, groups, and other firms to exchange career information.
Freelancing
One chooses to be employed with a more flexible work arrangement (often part-time) than full-time on a contract basis, often working at home, for a variety of companies, as opposed to working as an employee for a single company.
entrepreneur
One who is starting out a company and is hopeful about their situation because they organize, manage, and assume the risks of a business or enterprise.
functional format
Résumé that emphasizes career-related experiences.
skills format
Résumé that emphasizes your aptitudes and qualities.
chronological format
Résumé that provides your information in reverse order, with the most recent first.
Interest inventories
Scaled surveys that assess career interests and activities.
résumé
Summary record of your education, training, experience, and other qualifications.
trial hires
Temporary workers that could last a week or two to determine if candidates can do the work and fit in with the corporate culture.
job referral
The act recommending someone to another by sending a reference for employment
modern code
The language of the digital world, which is writing the source code for a computer program.
career
The lifework chosen by a person to use personal talent, education, and training.
Aptitudes
The natural abilities and talents that individuals possess.
breadwinner
The person in a family who earns an income that is primary to a unit of people who are dependent on the person's income.
Values
The principles, standards, or qualities that you consider desirable
human capital
The skill set, knowledge, and other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
elevator speech
This is a short, persuasive summary of your experiences and skills when networking.
digitalization
This is using digital technologies into everyday life to change a business model.
lifestyle trade-off
Weighing the demands of particular jobs with your social and cultural preferences.
no-limits jobs
Where people, especially younger workers, are employed in entry-level positions where they are expected to be on-call via a mobile device at all hours of the day and night.
work-style personality
Your own ways of working with and responding to job requirements, surroundings, and associates.