Business Research Methods - Slides
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Joanne Weddle developed a career plan after learning she would be unemployed in August 2013. She took the Myers-Briggs assessment and identified as an INFJ personality type. Weddle analyzed her skills and explored career options matching her INFJ traits, including human resources manager, consultant, and general manager. She identified certification requirements, costs, and potential salaries for each option to determine the best fit for her skills and financial needs in an individual development plan.
Business Research Methods - Slides
- 1. Career Plan: Joanne Weddle Joanne Weddle
- 2. Agenda • Presenter: Joanne Weddle • Project Four Square • Project Overview • Project Scope • Goals/Outcomes • Expected Benefits • Risk/Impact • Performance/Metrics • Conclusion
- 3. Presenter Who you are • My name is Joanne Weddle. • Student at Friends University • Semi-retired • Have 27 years experience • Career Transition Stage • Exploring other options for work. Presenter Employer • Kansas Air National Guard as a State of Kansas Employee, however, my job will come to an end on 31 Aug 2013. • 27 years experience in different capacities with the Government • Federal • Military • State Job Description • Currently Executive Office Mgr. • Acting Project Manager • Federal Personnel actions • State Personnel actions • Computer Support • Inspection Cycles • Administrative Support Time • I’ve been in my current position for 3 years, but use all 27 years of prior experience in various capacities
- 4. Project Four Square Project Overview • I will be unemployed as of 31 Aug 2013. Problem What does it need to change to? 1. Define who I am and what my needs are. 2. Narrow down careers that suit my personality. 3. Compare skill sets to potential career opportunities. 4. Identify an additional requirements i.e. certifications, degrees etc.. 5. Develop Cost Analysis What needs to change? • I need a job that best meets my personality and job skills. How to cause the change? 1. Have aptitude & skill set to do many things. 2. Myers Briggs Test to identify my personality & narrow my options 3. Explore each career by skill set comparison, additional certification requirements, and perform cost analysis before make logical decision.
- 5. Project Overview Project Overview: My project changed in the middle of the course because I found out I will be out of work effective 31 Aug 2013. According to the Myers Briggs Assessment • My results were 92% accurate • Boarder between INTJ & INFJ but tend to lean more toward INFJ. • INFJ represent 1-3% of the population and are very complex • INFJ’s – gentle, caring, complex and highly intuitive individuals. – Artistic and creative live in a world of hidden meanings & possibilities – Placing great importance on having things orderly and systematic in their outer world. – Put a lot of energy into identifying the best system for getting things done, and constantly define and re-define the priorities in their lives. – uncanny insight into people and situations allows to operate on a spontaneous intuitive plan. Often knows things without being able to pinpoint why, & without detailed knowledge of the subject at hand & are usually right. (Psychics) – put a tremendous amount of faith into their instincts and intuitions. – strong value systems, & need to live their lives in accordance with what they feel is right. – http://www.personalityexplorer.com/Reports.aspx?pp=1®istration=yes&tx=71P98042581210 64U&st=Completed&amt=8%2e95&cc=USD&cm=&item_number=PCDV • Explore career options for INFJ to identify required skill sets • Compare to my skill sets • Explore any additional requirements & establish a cost analysis for career change.
- 6. Project Scope • The scope of this project is limited to – My physical, emotional, & financial needs – My INFJ personality traits as an identified by Myers Briggs Inventory. – INFJ recommended careers – My current qualifications & skill sets – INFJs are often happy with the following jobs which tend to match well with the Confidant/Visionary personality. • Consultant • Designer • Entrepreneur • Educational Consultant • Human Resources • Marketer • Psychologist/Counselor • Psychiatrist • Systems Analyst • Trainer • Teacher/Professor • Writer
- 7. Goals and Outcomes Project Milestones, Goals, & Objectives Develop Career Development Plan: Joanne Weddle Project Milestone Target Date (mm/dd/yyyy) Actual Date (mm/dd/yyyy) 1. Complete MBT Personality Test 08/26/2013 8/26/2013 2. Identify Skill Sets – MBT Personality, MBT Careers, Resume Skill Sets 08/26/2013 8/26/2013 3. Define & Explore Top 3 Matching Requirements 09/10/2013 09/15/2013 4. Identify Cost of Training, Certification, additional requirements 09/15/2013 10/20/2013 5. Identify potential Salary 09/20/2013 10/20/2013 6. Conduct Cost Benefit Analysis 09/25/2013 10/25/2013 7. Identify Funding Sources 09/30/2013 10/25/2013 8. Complete Final IDP Report 10/05/2013 10/27/2013 9. Complete Final Presentation 10/10/2013 10/31/2013
- 8. Expected Benefits Benefits to Company • Decrease overall cost of hiring, training, and turnover replacement due to hiring a person whose is incompatible with the positions needs. Benefits to Customers • Employee finds a job that meets both aptitude, qualifications, and personality traits that is a comfortable job fit. Leads to happy employees who are satisfies with their jobs. In my case, I find a job Benefits to Employees • Employees finds a job that meets both aptitude, qualifications, and personality traits that is a comfortable job fit. Leads to happy employees who are satisfies with their jobs. Benefits to Others • Information from this study can assist others in the pursuit of employment. • Provide valuable resources to explore and costs to consider
- 9. Risks and Impact Risks • The risk of this project is minimal if projected steps and limitations are followed. Failure to address applicable strengths and weaknesses could result in an improper job fit and could be costly to both company and the employee. Bottom Line Impact • Focusing on predominate INFJ personality traits and current skill sets should result in successful career development plan, eventual successful hiring and long term job success that meets the mutual needs of both employee and employer.
- 10. Performance/Metrics Current Metrics • What metrics are currently in place that define current success or failure New Behavior/Performance • Identify & increase awareness of personality traits strength & weakness in the work place • Select a career development plan that best meets the needs of subject based upon their career skill set. Current Behavior/Performance • How does the system or people behave or perform based upon feedback from the metrics that are currently measured New Metrics • After you have clearly defined how you want the system or people to behave or perform, clearly define how you would measure that performance • How will you know that the changes are successful
- 11. Conclusion • Please input your conclusion
- 12. Individual Development Plan (IDP) Status Report Joanne M. Weddle Friends University OML 497 – Special Project 31 October 2013
- 13. Project Status - Where were we 29 August 2013? • Last Meeting 29 August 2013 – Individual Development Plan • During that meeting our project was in the early stages. – Myer’s Briggs Test Personality Profile was completed. • Test Subject = INFJ • Rare Type 1-3% of the population – 170+ college credits. • 3 Associates Degrees • Almost completed Bachelors degree – Organizational Management & Leadership – 27 years experience working for the military • in a variety of professional positions with highly desired skills • Federal, State, Active Duty Military. • Strong Leadership Skills
- 14. Project Status - Where are we today? • Project is 95% completed – Management Analyst requires further research – Does not affect final result or IDP product as it is not in the Top 4 • Skill Set Analysis is Completed • Top 3 (4) Career Exploration – Tie for 3rd place ranking – General Manager & Operations Manager – requires further research to refine & define – Sometimes used synonymously treated as one • Gap Analysis is Completed • Certification Review Completed – except Management Analyst • Cost Benefit Analysis • IDP Completed
- 15. Project Status - Where are we today? Individual Career Development Plan: Joanne Weddle Project Milestone Target Date Actual Date 1. Complete MBT Personality Test 08/26/2013 8/26/2013 2. Identify Skill Sets – MBT Personality, MBT Careers, Resume Skill Sets 08/26/2013 8/26/2013 3. Define & Explore Top 3 Matching Requirements 09/10/2013 09/15/2013 4. Identify Cost of Training, Certification, additional requirements 09/15/2013 10/20/2013 5. Identify potential Salary 09/20/2013 10/20/2013 6. Conduct Cost Benefit Analysis 09/25/2013 10/25/2013 7. Identify Funding Sources 09/30/2013 10/25/2013 8. Complete Final Report & Recommendations 10/05/2013 10/27/2013 9. Complete Final Presentation 10/10/2013 10/31/2013
- 16. Project Status - Where are we today? Summary Budget – List component project costs Project Component Estimated Component Cost Actual Component Cost 1. Internet access to complete research $60.00 $90.00 2. Cost of research and development – Personnel $16.43 X 49.75 = $817.50 Estimated $16.43 X 57.75 hours = $900 Actual $817.50 $900.00 3. Cost of MBT Assessment $9.00 $9.00 Total $886.50 $999.00
- 17. Master Skill Set Analysis MBT – INFJ Resume MBT / Resume Strategic Planner Consultin g Human Resources General Manager Operations Mgmt. Mgmt. Analysts Training Dev. Mgr. Ability to Synthesize 0 1 1 1 1 1 1 Adaptable 1 1 2 1 1 1 1 Analytical Skills 0 1 1 1 1 1 1 Assertive 1 1 2 1 Business Judgment 0 1 1 1 1 1 Communication Skills 0 1 1 1 1 1 1 1 Computer skills 0 1 1 1 1 1 1 Conscientious 1 1 2 Consulting Skills 0 1 1 1 1 Creative 1 1 2 1 1 1 Decisiveness 0 1 1 1 1 1 1 Diplomatic Communication 1 1 2 Empathetic 1 1 2 Energy Level 0 1 1 1 1 1 Honesty and Integrity 0 1 1 1 1 1 1 Independent 1 1 2 Initiative 0 1 1 1 1 1 1 1 1 Integrity 0 1 1 1 1 Leadership Ability 1 1 2 1 1 1 1 1 Listening Skills 0 1 1 1 1 Negotiator 0 1 1 1 Organizational Skills 1 1 2 Patient 0 1 1 1 People skills 1 1 2 1 1 1 Problem Solving Ability 0 1 1 1 1 1 1 Rational 1 1 2 Research Skills 0 1 1 1 Resourceful 1 1 2 Role Model 0 1 1 1 Sales Ability/Persuade 0 1 1 1 1 1 1 Self Confidence 0 1 1 1 1 1 Strategic Thinker/Visionary 1 1 2 1 Supervision 0 1 1 1 Unbiased 0 1 1 1 Verbal Presentation Skills 0 1 1 1 Work Ethic 0 1 1 1 1 1 Writing Ability 0 1 1 1 1 1
- 18. Results - Skill Set Rankings & Salary Review Master Skill Set MBT - INFJ Ind. Skill Set Total Strategic Planner Consulting Human Resources General Mgr. Operations Mgmt. Mgmt. Analysts Training Dev. Mgr. Totals 13 37 50 16 8 10 13 13 6 18 Combined Percentage 32% 16% 20% 26% 26% 12% 36% MBT Score 2 2 3 2 2 0 6 MBT Percentage 15% 15% 23% 15% 15% 0% 46% Work Experience 16 8 10 13 13 6 17 Experience Percentage 43% 22% 27% 35% 35% 16% 46% MBT + Experience % 59% 37% 50% 51% 51% 16% 92% Ranking 2 6 5 3 & 4 3 & 4 7 1 Average Salary Per Indeed.Com as of 10/20/2013 $ 102,000.00 $ 105,000.00 $ 40,000.00 $ 53,000.00 $ 63,000.00 $ 69,000.00 $ 98,000.00
- 19. Results - Gap Analysis, Funding Sources & Cost Assessments Employment Requirements Strategic Planner Consulting Human Resources General Manager Operations Mgmt. Mgt. Analysts Training Dev. Mgr. GI Bill Eligible Student Loan Pay Plan Tuition Repayment Grants (Not Fully Explored) Ranking 2 6 5 3 & 4 3 & 4 7 1 Training Requirements Master's Degree Optional Optional Optional Optional Optional NC Preferred X X X ? X Bachelor's Degree X X Optional Optional Optional NC X X X X ? X High School Diploma X X X X X NC X NA NA NA NA NA Certification X X Optional Optional Optional NC X X X X ? X Experience 1-5 years NA X X Optional Optional NC X NA NA NA NA NA Experience 6-10 years Optional Preferred Optional Optional Optional NC Preferred NA NA NA NA NA Experience 11-15 years Preferred Optional Optional Optional Optional NC X NA NA NA NA NA Investment Costs Development Plan $ 990.00 $ 990.00 $ 990.00 $ 990.00 $ 990.00 $ 990.00 $ 990.00 Application/Member Fee $ 150.00 NA $ 75.00 NA NC NC $ 199.00 Certification $ 400.00 $ 550.00 $ 350.00 $ 750.00 NC NC $ 999.00 Total Investment $ 1,540.00 $ 1,540.00 $ 1,415.00 $ 1,740.00 NC NC $ 2,188.00 Program Benefits (Net Salary) Projected Annual Salary $ 102,000.00 $ 105,000.00 $ 40,000.00 $ 53,000.00 $ 63,000.00 $ 69,000.00 $ 98,000.00 Previous Annual Salary $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 Net Salary Increase $ 72,000.00 $ 75,000.00 $ 10,000.00 $ 23,000.00 $ 33,000.00 $ 39,000.00 $ 68,000.00 ROI's Program Benefits (Net Salary) divided by $ 72,000.00 $ 75,000.00 $ 10,000.00 $ 23,000.00 $ 33,000.00 $ 39,000.00 $ 68,000.00 Program Cost (Investment) $ 1,540.00 $ 1,540.00 $ 1,415.00 $ 1,740.00 NC NC $ 2,188.00 Equals Benefits Cost Ratio (BCR) $ 46.75 $ 48.70 $ 7.07 $ 13.22 #VALUE! #VALUE! $ 31.08 Net Benefits = Net Salary - Invested $ 70,460.00 $ 73,460.00 $ 8,585.00 $ 21,260.00 #VALUE! #VALUE! $ 65,812.00 ROI % = (Net Benefit / Net Investment) X 100 486551.72 507241.38 65471.70 129393.94 #VALUE! #VALUE! 314118.21 NC = Not Complete NA = Not Applicable
- 20. Project’s Future • Repeat the process for other personality types • Increases Master Skills Set Data • Increases Myers Briggs Test Personality Skill Set Data • Increases Career Exploration Data • Increases Career Requirements Data • Test the Process to Verify Repeated Success • Repeating the Process Allows Opportunity to Reduce Processing Time • Explore Commercial Applications & Development
- 21. Individual’s Future • 6-12 Months Downtime to Focus on ME!!!!! – Focus on Health, & Wellness – EOC Complaint – Finish Bachelor's Degree – Organizational Management Leadership –NLT March 2013 • Pursue Certification with Lean Six Sigma – Black Belt – Investment less than $2000 – Annual Salary - $93,000 – Highly Marketable in the Employment Market • Pursue Certification with American Society of Training Development – Investment Less than $2000 – Annual Salary - $92,000 • Explore Master’s Degree Program – Would like to but significant Cost yet 16 Months GI Bill left • Explore Career / Employment