Career Development

Curriculum Vitae (CV)
A biographical résumé of an individual's career, including educational credentials and professional experience. Its purpose is to give prospective employers an understanding of the applicant's professional abilities.
Job Jumper
A job jumper, also known as a job hopper, is an individual who frequently changes jobs. This behavior can be perceived as detrimental to one's career as it may indicate an inability either to commit to an organization or maintain long-term employment.
Job Placement
Job placement involves the process of matching individuals' skills and qualifications with suitable employment opportunities, ensuring an optimal fit between management's needs and employee capabilities.
Leave of Absence
A leave of absence refers to a formally approved period during which an employee is permitted to take time off work without losing their job seniority or associated perks. It is often granted for specific purposes such as education, research, maternity/paternity leave, or personal health.
Midcareer Plateau
A midcareer plateau is a stage in a middle manager's career where advancement opportunities seem obstructed, and the current position no longer offers significant challenges. This situation can be effectively managed through midcareer advancement programs encompassing education and training.
Résumé
A résumé is a concise statement of one's background, education, and work experiences. It serves as a marketing tool aimed at securing an interview for employment.
Skill Obsolescence
Skill obsolescence refers to the state where certain trade, occupation, or skill becomes outdated or redundant because of technological advancements or automation.
Underemployed
People who are not fully employed according to their education, abilities, and experience. Underemployed individuals are not utilizing their full capabilities and talents, which often leads to frustration and disappointment.
Work Experience
Experience gained while employed in a particular occupation. Work experience is valuable in building a successful career and fosters the ability to assume greater responsibilities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.