Career Guidance

Rosellnica L. Balasoto
IV 9 BS Psychology

Career Guidance
refers to services and activities intended
to assist individuals, of any age and at
any point throughout their lives, to make
educational, training and occupational
choices and to manage their careers
[Organization for Economic Cooperation
and Development (OECD), 2009]

Career guidance is primarily

concerned with realizing
the aspirations and
potential of the individual.

However, career guidance also offers

considerable social and economic
benefits for a society.

Economic Implications
of Career Guidance

Individual outcomes
Human capital
Social capital
Supported transitions

Primary economic
outcomes
Increased labor market
participation
Decreased unemployment
Enhanced skills and knowledge
base

Secondary economic
outcomes

Improved health
Decreased crime
Increased tax revenue
Decreased benefit costs

Macro-economic benefits

Deficit reduction
Productivity
Living standards
Economic growth

Reference:
Dodd, V., & Hooley, T. (2015). The
Economic Benefits of Career Guidance.
Careers England, 1-21.