Workforce Development Financial Literacy Entrepreneurship. Student Guide

Transcription

1 Workforce Development Financial Literacy Entrepreneurship Student Guide

2 STUDENT GUIDEv WELCOME TO JA INSPIRE Your education and skills will enable you to succeed in whatever career you choose. Once you know your career options, you can work toward them. GET INSPIRED! JA Inspire unites schools in our community with local businesses. The goal is to help inspire you to envision future career possibilities. The first step includes in-class sessions to get prepared. Then you will attend the JA Inspire event, where you will see careers in action. The JA Inspire event is an interactive experience that introduces you to a variety of local career opportunities. JA Inspire lets you talk to business representatives, see work equipment, and participate in hands-on activities from companies in New Jersey. You can interact with volunteers from local companies and see connections between these careers and high school program options. You may one day seek a job at one of these companies! HOW DO I USE THIS BOOKLET? As a guide to JA Inspire To track the answers from your interviews with at least two exhibitors To keep notes from your interactions with other exhibitors (Be sure to visit at least five exhibitors) To get signatures from the exhibitors you visit EXHIBITORS At JA Inspire, you will meet people who work in all types of businesses and industries. They are looking forward to speaking with you! 1

3 TOP 20 FASTEST GROWING OCCUPATIONS IN THE UNITED STATES POSITION GROWTH RATE 2017 MEDIAN ANNUAL PAY TYPICAL EDUCATION Solar photovoltaic installers 105% $39,490 High school diploma or Equivalent Wind turbine service technicians 96% $53,880 Postsecondary non-degree award Home health aides 47% $23,210 High school diploma or equivalent Personal care aides 39% $23,100 High school diploma or equivalent Physician assistants 37% $104,860 Master's degree Nurse practitioners 36% $103,880 Master's degree Statisticians 34% $84,060 Master's degree Physical therapist assistants 31% $57,430 Associate s degree from an accredited program Software developers, applications 31% $101,790 Bachelor's degree Mathematicians 30% $103,010 Master's degree 2

4 POSITION GROWTH RATE 2017 MEDIAN ANNUAL PAY TYPICAL EDUCATION Physical therapist aides 29% $25,730 Associate s degree from an accredited program Bicycle repairers 29% $28,390 High school diploma or equivalent Medical assistants 29% $32,480 Postsecondary non-degree award Genetic counselors 29% $77,480 Master's degree Occupational therapy assistants 29% $59,310 Associate s degree from an accredited program Information security analysts 28% $95,510 Bachelor's degree Physical therapists 28% $86,850 Doctoral or professional degree Operations research analysts 27% $81,390 Bachelor's degree Forest fire inspectors and prevention specialists 27% $37,380 High school diploma or equivalent Massage therapists 26% $39,990 Postsecondary non-degree award Source: Occupational Outlook Handbook, Bureau of Labor Statistics, accessed June 21,

5 WHAT ARE YOUR INTERESTS? Manufacturing, Engineering, Skilled Trades Do you think you might like to: Design, plan, build, or maintain systems like plumbing or HVAC? Design or support the production of goods like cars or dishwashers? Build, maintain, and/or operate equipment like forklifts, manufacturing robotics, or mega trucks? Solve problems using new processes and technology? Business and Finance Do you think you might like to: Organize and plan ways to accomplish work efficiently? Work with people to help them plan financially for the future? Connect people with technology in a system to accomplish goals? Work with numbers? Communications, Arts, Hospitality Do you think you might like to: Design, produce, perform/exhibit visual and performing arts? Share stories through various multimedia formats to move people to action? Travel and/or provide people help and support when they are traveling in restaurants, amusement parks, and other places? Connect others with experiences that they will enjoy and remember for a lifetime? Education, Law, Human Services Do you think you might like to: Help others understand new information or learn new skills? Keep people safe in their communities? Help families who need assistance and support? Listen to others and provide advice to them? Health Services Do you think you might like to: Help people who are sick feel better? Understand how the body works, and are you fascinated by biological systems? Do research, or are you good at hidden object games? Solve health problems using science and technology? Science, Technology, Engineering and Math Do you think you might like to: Write code to help solve problems using technology? Design, plan, build, or maintain buildings, roads, or other structures? Find a cure for a deadly illness or develop an exciting, new product? Discover the unknown or challenge existing theories? 4

6 ELEVATOR PITCH GUIDE PREPARE IDEAS FOR YOUR ELEVATOR PITCH What matters to you? What are you good at? What do you have to offer a potential employer? What interests you? 5

7 What do you want to be remembered for doing? If you asked a friend, how would he or she describe you? What is one thing people should know about you? COMPILE THE BASIC INFORMATION FOR YOUR PITCH: Your name: The dream job you would like to have: 6

8 Skills or interests that you have that could contribute to that job: Something about yourself that would make a positive and memorable impression: WRITE YOUR PITCH: 7

9 JA INSPIRE QUESTIONS GUIDE Be prepared to ask the business volunteers good questions and have meaningful conversations at the event. Examples are provided below, but spend some time considering what you would like to know and try to write questions that aren t the same as many other students will ask. Business volunteers will take notice of those who have questions that are unique and meaningful. THINGS TO REMEMBER Make eye contact Introduce yourself Take notes and ask questions Speak up, speak clearly 1. ABOUT THE COMPANY What type of person is successful in your company? How many hours do you work each week? Are there opportunities for raises and promotions at your company? Do most people work alone or in teams? Does your company offer on-the-job training? 2. ABOUT THE JOB What types of education or skills are required for your job? What can I do today to begin preparing for a job like yours? How do you use time-management skills in your job? 8

10 3. ABOUT THE BUSINESS VOLUNTEER Why did you choose this career? How did you get started? What is the coolest thing you have ever done at work? What do you like most about your job? What daily tasks do you perform at your job? 4. ABOUT THE CAREER CLUSTER What are some of the entry-level jobs in career? What is a typical starting salary for an entry-level position? What type of on-the-job training do most companies offer? Are there opportunities for self-employment in your career or industry? 5. What other questions would you like to ask? 9

11 PERSONAL INTERACTIONS EXHIBITOR: NOTES: EXHIBITOR: NOTES: EXHIBITOR: NOTES: 10

12 EXHIBITOR: NOTES: EXHIBITOR: NOTES: EXHIBITOR: NOTES: 11

13 New Jersey Key Industry Clusters New Jersey has a richly diverse population; proximity to major metropolitan areas and a history of invention and innovation from electronics and pharmaceuticals to biotechnology research that impressively continues to grow. New Jersey s commitment to investment, collaboration and talent development supports growth in key industry clusters that drive economic expansion. In the Garden State, these key clusters have found an ideal location within a day s drive of 40 percent of the U.S. population; a talented, productive and highly educated workforce with a high density of residents who possess advanced degrees and 52 colleges and universities. Here is a brief look at some key industry clusters that drive the state s economy. Biopharmaceutical & Life Sciences Industry Cluster New Jersey s biopharmaceutical & life sciences cluster employment totaled over 117,260 in 2016, or 3.5 percent of the state s private sector workers. Nationally, the proportion was just 1.9 percent. New Jersey s biopharmaceutical & life sciences cluster employment is comprised of three primary components: pharmaceutical sector (40.8%), biotechnology (38.5%) and medical device manufacturing (20.7%). In 2016, the state s pharmaceuticals employment accounted for 8.1 percent of pharmaceuticals jobholding in the U.S. Establishments totaled over 3,200 in Despite recent reorganizations by pharmaceutical firms, the drug and pharmaceutical component s establishment count increased between 2011 and 2016 by 10.5 percent, slightly slower than the nation (+15.0%) over the period. New Jersey biopharmaceutical & life science employers paid nearly $16.5 billion in wages in 2016, or 7.8 percent of the state s total wages. The state s highly educated workforce is seen in this cluster as nearly half (41.3%) of its workers statewide hold a Bachelor s degree or higher: Bachelor s (37%), Master s/doctoral (4.3%) degree. Transportation, Logistics, Distribution Industry Cluster In 2016, transportation, logistics and distribution (TLD) employed 382,228 workers in New Jersey; or 11.3 percent of the state s private sector workers, a higher percentage than for the nation (8.8%). TLD contributed more than $58.4 billion to the state s Real Gross Domestic Product in In 2016, the state s TLD employers paid more than $27.7 billion in total wages. New Jersey offers access to the nation s freight rail network and is also home to several key transportation facilities necessary for a strong TLD industry cluster including three major seaports and a large international airport. According to 2015 figures (latest available) from the U.S. Army Corps of Engineers, Waterborne Commerce Statistics Center, New Jersey s shipping activity accounts for approximately 13 percent of the nation s total import/export of domestic and foreign cargo volume (measured in Twenty Foot Equivalent Units). Financial Services Industry Cluster Despite a relatively small employment base (5.3% of New Jersey s total private sector employment in 2016) financial services contributed more than $31 billion, or roughly 6.8 percent, to the state s Real Gross Domestic Product in According to the NJ Business & Industry Association, 18 of the state s top 100 employers are finance and insurance firms whose combined employment represents roughly 42.8 percent of jobholding in the finance and insurance industry sector. The financial services sector relies heavily on information and technology. New Jersey has remained in the forefront of technological advancement by becoming a national leader in developing data centers to support the industry. Of more than 50 data centers located in the state, almost half are located in Hudson County. (Source: datacentermap.com) In 2016, almost $21.8 billion in total wages were paid by New Jersey s employers in financial services industries. The greatest concentration of jobs within the financial services industry cluster is found in Hudson County (15.9%).

14 Advanced Manufacturing Industry Cluster The advanced manufacturing industry cluster contributed nearly $30.9 billion to New Jersey s Real Gross Domestic Product in 2015, or about 6.1 percent of all state output (latest available from the U.S. Bureau of Economic Analysis). Advanced manufacturing employment is primarily comprised of five industry groups: chemical manufacturing (27%), food manufacturing (21%), computer and electronic product manufacturing (14%), fabricated metal manufacturing (13%) and machinery manufacturing (9%). The remaining 16 percent is made up of selected detailed industries. Chemical manufacturing industries, the cluster s largest segment, employed roughly 44,000 in 2016, or 18.2 percent of all manufacturing workers in the state. The state s jobholding in chemical manufacturing represents 5.4 percent of U.S. chemical manufacturing employment. The state s advanced manufacturing industry establishments paid a total of more than $14 billion in wages in 2016, or roughly 6.6 percent of New Jersey s total wages. Health Care Industry Cluster The health care cluster contributed nearly $37 billion to New Jersey s Real Gross Domestic Product (GDP) in 2015, or roughly 7.3 percent of all state output (latest available from the U.S. Bureau of Economic Analysis). Health care cluster employment is comprised of three industry groups: ambulatory health care services (47%), hospitals (33%) and nursing and residential care facilities (20%). From 1990 to 2016, NJ s health care cluster added 213,200 jobs, while all other industries combined had a net gain of only 190,100. The outlook for New Jersey s health care employment is bright. From 2014 through 2024, it is projected that more than 85,000 jobs will be added, an annual increase of 1.7 percent. Health care employers paid more than $26.3 billion in total wages in 2016, or roughly 12.4 percent of all wages paid statewide. Technology Industry Cluster In 2016 New Jersey s technology cluster accounted for 366,330 jobs or 10.8 percent of private sector employment statewide. Nationally the cluster was responsible for 9.5 percent of all private sector employment. The annual average wage for the technology cluster was $118,210 in 2016 or percent of the statewide average ($62,420) for all industries. Employers in the industry paid more than $43.3 billion in wages, or about 20.5 percent of the total wages paid in all industries. Employment within the technology cluster can primarily be found within the following sectors: professional, scientific and technical services (50.9%), manufacturing (17.5%), wholesale trade (15.8%), and information (13.7%). Construction and Utilities Industry Cluster In 2016, the construction and utilities cluster employed 166,470 or 4.9 percent of New Jersey s total employment. After peaking in 2006 and declining thereafter through 2011 (-44,022), construction and utilities employment increased by 23,890 over the past 5 years (2011 to 2016). Over 75 percent of employment in construction and utility occupations require only a high school degree or less. However, average wages in this sector ($72,980) exceed the statewide average of $62,420. In 2016, employers in the construction and utilities cluster paid over $12.1 billion in total wages, or 5.8 percent of private sector wages paid statewide. Leisure, Hospitality and Retail Industry Cluster (LHR) Many of the businesses within LHR are involved in New Jersey s travel and tourism and directly support 321,231 jobs in According to the New Jersey Division of Travel and Tourism, New Jersey again set a record in 2016 with the tourism industry accounting for $44.1 billion in economic impact an increase of more than 2.9 percent over the previous year. LHR jobholding totaled 826,776 in 2016, or 24.4 percent of the state s private sector workers. New Jersey LHR employers paid over $24.3 billion in wages during 2016, or 11.5 percent of the state total. The average annual wage for the LHR cluster in 2016 was $29,348. Over one-quarter (28.4%) of LHR employment is concentrated in three counties: Bergen; Monmouth and Middlesex. Morris and Essex counties ranked fourth and fifth, respectively. For more information on New Jersey s key industry clusters, contact the Bureau of Labor Market Information at (609) or visit the Office of Research and Information website at October 2017