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Welcome Staff Open meeting

Welcome Staff Open meeting. November 2008 Caroline Gipps Vice-Chancellor. Contents Challenging times: Financial challenges and contract position Progress and key successes. Financial Challenges We forecast a surplus but have recorded a deficit in 2007/08 (of £0.46m)

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Welcome Staff Open meeting

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  1. WelcomeStaff Open meeting November 2008 Caroline Gipps Vice-Chancellor www.wlv.ac.uk

  2. Contents Challenging times: • Financial challenges and contract position • Progress and key successes www.wlv.ac.uk

  3. Financial Challenges • We forecast a surplus but have recorded a deficit in 2007/08 (of £0.46m) • Pay modernisation costs • Higher payments to partner colleges • Increase in agent commissions for OS recruitment • In 2008/09 we project an increase in income of £10.5m BUT our costs will also increase by £11.4m www.wlv.ac.uk

  4. Financial Challenges • ELQ funding cuts mean a £1.9m loss in income • Although we have transitional funding arrangements, its impact rises over the next 5 years • Cost of pay award in October 2008 (RPI 5%) • This has added a further £1.3m to our pay cost • Pension contributions are expected to rise • HESES audit/funding changes This year and later years, we will need to make savings to offset these costs/loss of income www.wlv.ac.uk

  5. Student Enrolment 2008-09 www.wlv.ac.uk

  6. Student retention and progression Progression: 2007-08 UG year 1 to year 2: 68% (2006/7 = 64%) UG year 2 to year 3: 76% (2006/7 =74%) Repeat Year: UG year 1 18% (2006/7 = 17%) UG year 2 18% (2006/7 = 15%) UG year 3 21% (2006/7 = 18%) www.wlv.ac.uk

  7. Progress – NSS • Overall satisfaction improved from 75% (2007) to76% in 2008 but the national average is 82% • including a 90% satisfaction rating for Learning Resources and IT provision • Above national mean on Assessment and feedback • Most improved in the category of Organisation & Management www.wlv.ac.uk

  8. Progress – NSS • We had disappointing results in the category The teaching on my course • Statements in this category include: • Staff are good at explaining things • Staff have made the subject interesting • Staff are enthusiastic about what they are teaching • The course is intellectually stimulating www.wlv.ac.uk

  9. Progress – Student Employability • Percentage of all respondents in employment (and/or further study/training) has risen this year from 89.9% to 91.8% • Substantial contribution to the local economy – 88.9% of all our employed leavers were working in the “West Midlands” Area. www.wlv.ac.uk

  10. Progress – other key projects • Timetable project • SMS to students on room cancellations • Improved web based reporting • Preparations underway to deliver personalised timetables by Sep 2009 • Improving usage through hourly booking • Minimise student travel www.wlv.ac.uk

  11. Progress – other key projects • Re-focus the UG Curriculum • Stage 1 + 2: Audit and Diagnostic Analysis • Stage 3: Feasibility Proposals Submitted • Stage 4: Refocusing Implementation Plans www.wlv.ac.uk

  12. Some key successes • Set up CPD company – Intelligent Career Development, with new CEO, Kim White • Students’ Union • Awards • Excel Student Award • Dare to be Digital • Lloyds/TSB Jewel Award www.wlv.ac.uk

  13. Thank you & Questions? www.wlv.ac.uk

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