Developing a young person’s career management skills, is essential preparation for a changeable future with transitions throughout their working life.
“Good career guidance helps inspire pupils towards further study and enables them to make informed decisions whenever choices are open to them. It helps them to understand enough about the world of work to know what skills they need to succeed. It is important for social mobility because it helps open pupils’ eyes to careers they may not have considered.”
(My Future, My Choice, My Island and Beyond 2015, CEIAG SoG Strategy 2015)
Financial Literacy is essential if individuals are to participate fully in life and is integral to the stability of society. Knowledge, skills and confidence in financial Literacy will enable students to ask the right questions to make well informed decisions that have both personal and societal consequences. Students need the skills and qualities required to engage in enterprise to enable them to recognise and act on financial opportunities.
- Careers and the world of work
- Themselves and their career ambitions
- The links between learning, the curriculum and careers
- Progression pathways and qualifications (this point is covered in number 1)
- Enterprise, business and personal financial capability (also links to financial literacy framework)
- “Without an understanding of basic financial concepts, people are not well equipped to make decisions related to financial management. People who are financially literate have the ability to make informed financial choices regarding saving, investing, borrowing, and more”.
(Financial Literacy Around the world: Insights from the standard & poor’s ratings services global financial literacy survey)
Learners should build secure knowledge of the following:
- Financial understanding and competence
- Financial responsibility
- Financial enterprise
- Critical thinking and decision making