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Career Planning Essay

1119 Words5 Pages

Annotation. In the article an introduction of school level career planning course is suggested as a solution of high youth unemployment, skill mismatch and related economic problems. Additionally, enhancing of Ukrainian schoolchildren’s ability to plan = their professional lives is expected to contribute to economic growth though positive impact on human capital development, in particular due to better self-management techniques and higher job satisfaction.

Career guidance plays an important role in meeting the needs of labour market and people’s career goals. Providing efficient career self-management techniques, career guidance allows people to unlock their potential and find better matching jobs, which is also a benefit for national economic …show more content…

Early career planning allows a child to consider alternatives, set the goals, make plans how to reach the goal, asses the success in reaching the goal (Magnuson, 2000). Therefore, while development of soft skills compared to sciences is paid relatively little attention in school program, career-planning would help schoolchildren to learn valuable self-management techniques, providing them some basic tools to cope with future life-planning …show more content…

Importantly, temporary youth unemployment is not the only cost of poor career planning. Importantly, as found by Cruses et.al. (2012), youth unemployment leads to deterioration of human capital, since the unemployed youth proved to be systematically worse in the labour markets being adult. The unemployment problem leads to higher unemployment benefits and lost taxes revenues due to lower income. Additionally, there are harder to measure effects such as higher susceptibility to long term unemployment and crime as well as poorer health outcomes . In case of Ukraine the cost is going to accelerate, since parents who could not plan their career path are unlikely to help their children in this

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