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reading - Jenzabar
The New Traditional Student Opportunity Perpetual ROI Throughout the Complete Student Lifecycle WHITEPAPER Table of Contents 1 2 3 4 5 Introduction The Golden Age of Adult Continuing Education The New Traditional Student Bringing Down the Cost of Education Innovative CE Technology 6 Modern CE Systems 7 Serving the Entire Student Lifecycle 8 9 10 1 Insightful Marketing 2 Intelligent Recruiting 3 Intuitive Enrollment Management 4 Informative Retention The CE Opportunity © 2015 Jenzabar, Inc. All Rights Reserved Introduction Welcome to the knowledge-based global economy, where a nation’s long-term health and wealth is contingent upon the collective skill and know-how of its people. “This is the golden age of adult continuing education.” Robert Hansen CEO and Executive Director UPCEA A highly-educated and competitive workforce is vital to economic security. The labor market’s “skills gap” has recently been the subject of much focus and concern. Thousands of job openings go unfilled because of a lack of workers with the required expertise. Policymakers have stressed the importance of equipping adults with the skills sought by employers and providing pathways to training programs that fill the gap. A recent McGraw-Hill Research Foundation policy paper concluded that in the U.S.: “Adult education and career training is potentially one of the most cost-effective tools the nation has to recover its economic health in the aftermath of the ‘Great Recession.’ … We must have an integrated system of adult education and workforce development that serves millions of Americans in accessible, affordable, and accountable ways—on the job, online, and in the classroom.” The same is true for many economies around the world. 1 The Golden Age of Adult Continuing Education There were 6.8 million adult learners in the United States in 2013, according to the National Center for Education Statistics. The US Department of Education reports that only four percent of them enrolled in traditional university degree programs. Instead, the vast majority chose vocational classes, professional certifications, or independent courses. The burgeoning demand for continuing education heralds extraordinary opportunities for adaptable higher education institutions that are capable of bringing innovative offerings to the market. Continuing education (CE), non-credit courses, professional certifications, workforce development programs, corporate campuses, and enrichment offerings have become centers of perpetual return on investment (ROI) for many colleges and universities. As institutions embrace the challenge, their schools of extension are becoming incubators for ground-breaking programs, many seeing unprecedented success. As Robert Hansen, CEO and Executive Director of the University Professional & Continuing Education Association, has succinctly noted: “This is the golden age of adult continuing education.” 2 The New Traditional Student “Our programs vary Clearly, the higher education student is undergoing a transformative change. Writing in The Chronicle of Higher Education, Rob Jenkins stated that, “What we greatly in terms used to call ‘nontraditional’ students—older, working, married, and maybe still of length, price, living at home—now constitute a large and growing percentage of those attending intensity, and student college in the United States. In fact, they are quickly becoming the ‘new traditional’ student” (Jenkins, 2012). requirements. We need one system that recognizes that the needs of continuing education can be very Adult learners have personal and academic circumstances that differ significantly from those of their younger counterparts. Many adult students have children. Many work long hours to afford tuition and materials while supporting themselves and their families. Many are anxious about returning to school or even starting school for the first time after they’ve been in the workforce for years. Some are switching careers while others are advancing careers. The National Center for Education different from the rest Statistics has found that these students are more than twice as likely as traditional of the university.” students to drop out in the first year. Even so, many institutions find that adult Ronda Bethea easy, but given the right tools, pedagogy, and support, these students can have Network Manager Susanne M. Glasscock School of Continuing Studies at Rice University learners are excited about their education and take it very seriously. It’s not always high rates of success and completion. 3 Bringing Down the Cost of Education New traditional students are actively seeking inexpensive degree programs. Many schools are adopting revamped business models that are bringing down the cost of delivering an exceptional educational experience. How are schools doing this? Technology is the cornerstone of a sustainable financial model. Technology is the Administration systems designed exclusively for CE, workforce development, or cornerstone of a online education provides the adaptability, efficiency, and customization essential sustainable financial to a successful program. The higher operational efficiency created through an model. Administration integrated administrative system not only streamlines the everyday tasks of running a financially sound program, but also provides the advanced analytics needed to systems designed continually refine operations. And cloud-based systems provide both cost-savings exclusively for CE, and increased reliability, among other benefits. workforce development, “Technology is often looked at as an answer,” says Dr. Daniel Greenstein, Director or online education of Postsecondary Success at the Bill and Melinda Gates Foundation. “Yet, it has provide the adaptability, to be more than just bolting new technology on an antiquated platform. We need new business models that include technology and allow colleges and universities efficiency, and to put scarce dollars where they matter most. For today’s student, what can make customization essential a big, positive difference is access to an education tailored to their needs, their to a successful program. learning styles, and their goals, with appropriate coaching and advising. For higher education to fulfill its historical role as an engine of social mobility and economic growth, we must continue to seek big technology breakthroughs. This means thinking creatively about how to serve students as individuals, while also ensuring that many more students get the learning opportunities they deserve.” 4 Innovative CE Technology The technological needs of CE and workforce development programs are unique. Courses for new traditional students can range from a single, online lecture to a nine-month certificate program or more. A school’s IT infrastructure must not only support but also help cultivate this flexibility. “Our programs vary greatly in terms of length, price, intensity, and student requirements,” says Ronda Bethea, Network Manager, Susanne M. Glasscock School of Continuing Studies at Rice University. “We need one system that recognizes that the needs of continuing education can be very different from the rest of the university.” Modern CE systems easily adapt to a program’s academic, financial, and timing needs. A powerful CE system, like its enterprise resource planning (ERP) cousin on the main campus, provides a holistic solution for connecting silos of disparate information, including integrating seamlessly with the main campus ERP. It brings together the backend and frontend systems, integrating financial information and student registration and admissions data. 5 Modern CE Systems A modern CE System is designed to handle the often extreme degree programs and 255 forcredit undergraduate courses. The swings in demand seen in CE and online programs. It easily integrated system quickly and easily guides students through accommodates a wide variety of course catalogs, flexible class online registration, and it simplifies and reduces administrative schedules, stackable certificate programs, faculty calendars, tasks for UC Online staff. “This is not a time to be timid,” says integrated marketing campaigns, and advanced business Mark G. Yudof, University of California President. “The finances intelligence analytics. It gives users real-time information simply no longer exist to support instruction the way we’ve done and is accessible at any time, from any computer or mobile it. The challenge is to be strong and thrive with the new fiscal device. It makes intelligent learning track and training trajectory and pedagogical realities. High quality, online classes that make recommendations for students throughout their course of study. innovative use of technology could give University of California Marketing components of a robust system utilize Customer students new ways to learn while helping to alleviate bottlenecks Relationship Management (CRM) technology for deeper insight in high-demand classes.” into a school’s constituents. The University of California Online Education (UC Online), which has seen much success providing engaging, academically-rich online courses, connects seven campuses through a single technology platform. Nearly 2,600 fully-online courses have been offered across the university system with more than 90,000 students enrolled. These include three fully-online master’s 6 Serving the Entire Student Lifecycle: Four Steps to Perpetual Return on Investment Comprehensive continuing education and workforce development systems ensure the institution serves the new traditional student throughout the entire student lifecycle. From recruitment to admissions to student success and beyond, opportunities to forge strong bonds with constituents abound. This can set up a program for a continuously replenishing cycle of prosperity. The four steps to perpetual ROI in a CE or workforce development program are: 1 Insightful Marketing 2 Intelligent Recruiting 3 Intuitive Enrollment Management 4 Informative Retention 7 1 Insightful Marketing 2 Intelligent Recruiting An effective brand marketing campaign conveys a focused Competition for the best-fit students is tough. Prospective message across all media. Integrated technology ensures an students are constantly bombarded by mail, email, internet institution creates a favorable impression and strengthens campaigns, and social media interactions. Successful institutions the student-school relationship throughout the entire student are using CRM technology to personally connect with the best-fit lifecycle—from a student’s first touch with a school (such as candidates for their CE and workforce development programs. via social media), through the school’s online registration CRMs can track and monitor each candidate/student across the recommendation engine (where the system places a student in the complete enrollment process, from initial inquiry to acceptance correct learning track), through student engagement campaigns, and admission. List management, personalized email generation, to post-completion interactions. From a marketing technology calendar and event management, and automated workflows make standpoint, the institution’s website, social media presence, CRMs invaluable tools for running an effective recruiting program. prospect portal, and online registration system are all opportunities And CRMs capture the data that gives an institution deep insight to collect information about your audience. And all that data can into a campaign’s effectiveness, so a school can react to its market be analyzed in real-time reports and dashboards, so an institution in real time. can continually refine its efforts—do more of what works and less of what doesn’t. 8 3 Intuitive Enrollment Management 4 Informative Retention To be competitive in the new traditional student marketplace, The virtuous cycle created in delivering the ideal new traditional it’s important to provide high-quality service while keeping student program perpetuates itself. By providing personal, operational costs low. Successful CE programs need to knock meaningful service at a cost-effective price point, institutions down the barriers of traditional enrollment processes. A CE- are well on the way to optimizing student success. Predictive specific administrative system helps accelerate everyday tasks and modeling, an innovative retention technology, helps institutions streamline operations though automated workflows, scheduling reach out to struggling or at-risk students at the right time, with tools, and real-time alerts that keep the entire team connected and the best interventions. With the tools in place, schools can work in sync. Modern students expect fast and easy online registration to make sure no student falls through the cracks. with transactions taking place in the familiar “shopping cart” feature. Facilitating real-time registration from Facebook® Many new traditional students go on to become repeat, life-long accounts and online guides to help students with commonly learners. Institutions do well to track job placement for future asked questions is essential. And throughout the enrollment marketing to the organizations employing its graduates. Tracking process, the system needs to collect and present back the credentials also helps an institution market on an individual basis, data that makes sense, allowing the institution to make the best- ensuring students keep credentials current. Through the use of informed decisions. innovative technology, institutions can deliver on the promise of student success and fulfill a mission of giving new traditional students the opportunities they deserve. 9 The CE Opportunity Large research institutions, small private schools, community colleges, online schools—higher education institutions of all types and sizes are expanding their continuing education, workforce development, certificate, and non-credit programs. Modern technology designed specifically for their unique programs is a critical component to keeping costs down while providing an exceptional program. By breaking down the barriers of traditional systems, innovative CE and workforce development systems provide real-time integration with the main campus while also serving the often-changing needs of these contemporary programs. With a burgeoning market opportunity, and a smart business model of perpetual ROI, serving the new traditional student throughout the entire student lifecycle is making a big impact in higher education. 10 Author Hans Kobler Managing Director, Jenzabar Innovations, Jenzabar, Inc. Hans leads Jenzabar Innovations, providing innovative software solutions to our ERP clients and the broader higher education industry. He brings a wealth of expertise to Jenzabar after having spent more than 20 years in various technology commercialization and development functions at ICx Technologies, Digital Power Capital, General Electric, and Bain & Company. Hans holds an MBA from the University of Texas at Austin, attended INSEAD in Fontainebleau, and received a Master’s in Aerospace Engineering from the Technical University of Munich. Jenzabar is a leading provider of enterprise software, strategies, and services developed exclusively for higher education. Our integrated, innovative solutions advance the goals of academic and administrative offices across the campus and throughout the student lifecycle. Jenzabar’s mission is to maximize our clients’ success. Our award-winning software and experienced professionals provide our clients the tools and resources they need to thrive. As a trusted partner on more than 1,000 campuses worldwide, Jenzabar has over four decades of experience supporting the higher education community 101 Huntington Avenue, Suite 2200 Boston, MA 02199 USA 800.593.0028 jenzabar.com 11 Sources National Center for Education Statistics Bethea, R., Network Manager, Susanne M. Glasscock School of Continuing Studies, Rice University. Denneen, J., & Dretler, T. (2012). The Financially Sustainable University. Bain & Company. Ebersole, J. (2014, 01 13). Top Issues Facing Higher Education in 2014. Forbes. Greenstein, D. (2013, December 16). Essay arguing that major changes are coming to higher education. Inside Higher Ed. Jenkins, R. (2012). The New “Traditional Student. The Chronicle of Higher Education. University of California Online Education Press Release. (2013). Online Education Seen as Key Part of Curriculum. Worchester, A. (2011). Continuing education can help improve your career. The Business Journal. Additional Information To learn more about CRM technology for Higher Education, read: Every Student is Unique How to deliver a personalized educational experience with CRMs for Higher Education To learn more about Predictive Modeling technology for Higher Education, read: What Is Predictive Modeling? Improving student success in higher education with analytic technologies and practices. ©2015 Jenzabar, Inc. All rights reserved. Jenzabar® is a registered trademark of Jenzabar, Inc. The Jenzabar logo is a trademark of Jenzabar, Inc. JENZ_CE_HigherRe_WP-6-2015 12