CPCC Labor Market Trends & Workforce Development Flashcards

The concept of 'gig economy' is most relevant to a career coach when helping clients who prefer:

Answer: Freelance, contract, or platform-based work arrangements

The gig economy encompasses freelance, contract, and platform-mediated work (e.g., Uber, Upwork), which requires different career planning strategies than traditional employment.

Which term describes the process of workers leaving one industry and retraining for careers in an entirely different sector?

Answer: Reskilling

Reskilling involves learning entirely new competencies to qualify for a different occupational field, often necessary during major industry disruptions.

A career coach working with displaced manufacturing workers should be familiar with which federally funded workforce development program?

Answer: Workforce Innovation and Opportunity Act (WIOA)

WIOA funds job training, adult education, and employment services for dislocated workers, making it a key resource career coaches should know.

Which factor most distinguishes a 'candidate-driven' labor market from an 'employer-driven' one?

Answer: Job seekers have more leverage because demand for workers exceeds supply

In a candidate-driven market, low unemployment means employers compete for talent, giving job seekers more negotiating power over pay, benefits, and flexibility.

A CPCC advising a client on salary expectations should recommend comparing offers to which type of benchmark data?

Answer: Industry-specific compensation surveys and BLS wage statistics

Reliable compensation data from sources like the BLS Occupational Employment and Wage Statistics or industry surveys ensures clients negotiate from an informed position.

Which emerging workforce trend involves employees working remotely from locations outside their employer's home country, creating cross-border compliance considerations?

Answer: Global remote work / digital nomadism

Global remote work and digital nomadism introduce legal, tax, and compliance complexities that career coaches may need to help internationally mobile clients navigate.