Career Management Tips and Tricks By: Paul Young, CPA, CGADate: December 8, 2016

IntroductionThis presentation will discuss career management as such will focus on the following areas:Barriers to employmentEducational SystemManagement of your name and career (Network)How do you managed your finances

Presenter / Paul Young, CPA, CGA25 years in Corporate FinanceCPA/CGA since 1996Educator for CGA/CPA

AgendaEconomic Stats Job MarketSoft skills Factors facing the millennialsEducational System IssuesHow do Millennials managed their name?

2017 JobsSoftware DeveloperPersonal Financial AdviserOrganizational PsychologistWeb DesignerEnvironmental EngineersMedical AssistantsAthletic TrainersHomecare AidsBiomedical engineersRobotic EngineerSkill Trades (plumbing, electrical, carpentry, etc.)

HomeWorkTop 10 Careers in Demand for 2016 in the USTop 10 Careers in Demand for 2016 in the USKrum J|Work|November 30, 2015What careers will be in demand for 2016? Which jobs are going to be trending and are going to be worth your investment? If you are thinkingabout choosing a college or planning to switch careers, this articles will help you to find the most in-demand professions for 2016 and the future.Software application developersSoftware app developers are currently and will continue to have a high demand in the future. This is because new software is always needed for every operating system, for every device. The software is becoming a need in everybodys life. Whatever your career is, without a good software, you would be probably left behind the competitors. So, Software developers are never going to be out of work and are constantly going to have high salaries. The rise of mobile devices and new gadgets like for example Microsofts Hololens and all other technologies that will be invented in the future will need apps. Many experts believe that this job will have around 20-25 percent growth in the following ten years. The tendency and the demand for new application are never going to stop because the future is being built on great software apps. The expected average salary for 2016 for Software app developers is $90,000.Organizational psychologist

http://coolcollegehelpers.com/work/top-10-careers-demand-2016-us/

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GDP by Industry Segment

Source Stats Canada

Graduates

Commentary:Canada is producing 500K to 516K grads per year as compare to the job market which is only creating 200K in new jobsDeclining enrolment is impacting educationHealthcare cutbacks are forcing the elimination of healthcare jobsCanada is export driven economy. Exports need to expand to new markets. For each $1B in exports is 5,500 jobsRetail Channel is evolving to more eCommerce.There is a skills gap. Education has not align to jobs in areas like advance manufacturing, Cybersecurity, Analytics, Expert Farming, etc

Key focus areas by businessForget Robots People Skills Are the Future of American Jobshttp://www.industryweek.com/workforce/forget-robots-people-skills-are-future-american-jobs?NL=IW-07&sfvc4enews=42&cl=article_1&utm_rid=CPG03000001519274&utm_campaign=16164&utm_medium=email&elq2=8ee4e18e9c4e4bffb33834d72cc63899Key quotes "Anything that has a routine to it can be automated, Artificial intelligence is doing to white-collar jobs what robotics has long been doing to blue-collar jobs.Key Quotes Thats true even in fields not typically thought to require social skills.Tech and finance companies are increasingly putting a premium on people with social skills for jobs in areas like product management, marketing, and business strategy.FYI - This will be a similar trend in Canada

Factors facing GraduatesHigh student Debt - $28,000Low job prospects (slower economic growth)Housing Costs (rise)Low Wage growth

http://cfs-fcee.ca/wp-content/uploads/sites/2/2015/03/Report-Impact-of-Student-Debt-2015-Final.pdf9

Educational System FailuresPushing students to degrees without understanding Return on Investment (Educational spending)University not provide soft skills to succeedGovernment lack of focus on the skill trades or business requirements in terms of skill set

What can graduates do to help themselvesDo research into career options and skills required to move their career along?Network and Network Social Media i.e. Linked inattending network sessions with business reaching out to successful business people/MentoringManaged your name as brand nameManaged your name like a brand (Coke(Experience with notable companiesVolunteer with charitiesTake on additional work experience/tasks

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How do graduates managed their financesMake a budget stick to itSaved early on for retirement by taking advantage of TFSA and RRSP

Other ResourcesSkills Gap - http://www.thewhig.com/2016/04/05/job-skills-gap-worsening-study-findsSlow Economy - http://www.slideshare.net/paulyoungcga/gross-domestic-product-gdp-canada-july-2016Wage Growth - http://www.slideshare.net/paulyoungcga/wages-and-employment-canada-july-2016Housing Costs - http://www.slideshare.net/paulyoungcga/real-estate-trends-and-analysis-for-canada-august-2016Youth Unemployment - http://debatepost.com/2016/09/14/canada-continues-importing-unskilled-immigrant-while-unemployment-rate-climbs-to-7/ Career Management/Innovation - http://www.slideshare.net/paulyoungcga/2016-employment-outlook-canada Government Spending - http://www.slideshare.net/paulyoungcga/government-policies-healthcare-and-education-canada