Learning Opportunities

Learn how you can develop a more collaborative budgeting process by engaging both finance and academic leaders in the research, design, and implementation phases. After participating in this webcast you will be better prepared to:

• Structure your budget timeline to allow for collaboration
• Provide training for committee members and leadership
• Build guiding principles to ensure the budget meets your strategic priorities
• Use visual displays to build consensus and improve transparency
• Create a continuous improvement feedback cycle

Get the necessary building blocks to approach your departmental budget more strategically. Whether you are building a budget from scratch or reinforcing your current model, you will walk away from this webcast better able to:

• Analyze direct and indirect academic costs
• Align your departmental and institutional goals
• Understand the contribution of your department using non-financial measures
• Explore best practices in resource allocation
• Build fiscal accountability within your department

Learn how you can effectively incentivize faculty and staff retirement to meaningfully recognize individuals' dedication to the university while refreshing the workforce and relieving budgetary strains. You will walk through how you can:

• Identify and manage incentives and deterrents for retirement
• Use proven faculty and staff retirement incentives from other institutions
• Ensure non-discrimination in retirement conversations
• Design a unique retirement package for your institutional context

Gain a better understanding of the questions and considerations that should go into a decision to raise, lower, or maintain tuition. Expert instructor Lucie Lapovsky will provide an in-depth, example-based overview of different pricing models and key considerations for each. You will come away from the webcast better able to:

• Place your tuition setting decision within a macro context
• Clearly frame the arguments for various tuition strategies
• Assess the risks associated with each course of action
• Explain the implications of different tuition strategies on enrollment and net tuition revenue

Learn how you can use data-driven evidence to:

• Determine differential cost per credit hour across departments
• Examine average revenue, costs, and contribution margin for academic programs
• Identify specific opportunities to improve net tuition revenue