business side of he

Right Now, Your Best Employees Are Eyeing the Exits [Walton]

On 03/01/2022, in business side of he, career development, change, colleges, community colleges, disruption, Emotion, face-to-face, faculty/staff, future of higher education, game-changing environment, higher education, IT in HE, law schools, United States, universities, by Daniel Christian

Right Now, Your Best Employees Are Eyeing the Exits –– from chronicle.com by Marci K. Walton
To stay, they need better pay, reasonable hours, and an end to mission-based gaslighting.

Excerpt:

Right now, your best midlevel manager is updating her résumé. Your hardest-working director is controlling his excitement after learning the salary range for a private-sector opening. Your most trustworthy entry-level professional is writing a resignation letter because her new corporate position doubles her pay and doesn’t require nights or weekends.

Two years of pandemic life have left campus staff members beyond burned out. They are done. And they are leaving or thinking about it in droves. I know because I was one of them. After nearly 13 years working in residence life — a field to which I was deeply committed — I left higher education last March for the private sector. The move increased my salary by 50 percent and cut my workload in half.

This tweet was mentioned/linked to in the above article:

Last week, I hosted two webinars for people in higher ed who are exploring their options outside of the field. It was highly reflective in nature and I can’t stop thinking about what I heard from this group. #sachat #sapro #sagrad #highered 1/21

— Marci Walton (@marcikwalton) February 2, 2022

Higher ed groups call for stricter oversight of accreditors [Bauer-Wolf]

On 02/14/2022, in accreditation, business side of he, change, collaboration, colleges, community colleges, future of higher education, higher education, learning ecosystem, United States, universities, by Daniel Christian

Higher ed groups call for stricter oversight of accreditors — from highereddive.com by Jeremy Bauer-Wolf

Dive Brief:

Sixteen experts and advocacy organizations in higher education are calling for stricter U.S. Department of Education oversight of accreditors, particularly in how they handle colleges with poor student outcomes.
The groups and individuals wrote to the Education Department late last month recommending ways to make the evaluation process for accreditors more transparent and asking agency officials to more closely scrutinize several major accreditors up for review in February 2023.
Among their suggestions were that the Education Department should make certain documents public early in the process of accreditors seeking department approval, that it should spend more time reviewing accreditors that control access to federal financial aid funds than to those that do not, and that it should develop new regulations to make sure accreditors consider how institutions are serving disadvantaged students.

Another component of the perfect storm within higher education?

On 02/14/2022, in Alternatives, business side of he, colleges, cost of getting a degree, future of higher education, higher education, law schools, United States, universities, by Daniel Christian

Wages and Salaries Up 5% for Private Industry Workers in 2021, Less Than Inflation
— from shrm.org by Stephen Miller
Labor costs increased at the highest rate in two decades

Excerpt (emphasis DSC):

However, when adjusted for inflation, “constant dollar” private wages and salaries fell 1.9 percent for the 12 months ending December 2021.

Consumer prices rose 7 percent year-over-year in December 2021, the largest 12-month increase in nearly 40 years, the BLS reported on Jan. 12, adding pressure on employers to raise wages going into 2022.

From DSC:
Real wages not keeping up with the rate of inflation here in the United States…this doesn’t look good for the higher education industry here. This could be yet another component of the perfect storm within higher education.

These 3 charts show the global growth in online learning [Wood]

On 02/12/2022, in 21st century, 24x7x365 access, adult learning, Africa, Alternatives, Asia, business side of he, Canada, change, changing business models, colleges, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, digital learning, Europe, future, future of higher education, game-changing environment, generational differences, global / globalization, higher education, India, instructional design, learning, learning ecosystem, Learning from the Living [Class] Room, learning preferences, lifelong learning, MOOCs -- Massive Open Online Courses, online learning, UK, United States, universities, vendors, by Daniel Christian

These 3 charts show the global growth in online learning — from weforum.org by Johnny Wood; with thanks to Ray Schroeder out on LinkedIn

Example chart:

Also relevant/see:

2U plans for international expansion as it integrates operations with edX — from highereddive.com by Natalie Schwartz
Coursera bets on degrees — a small but growing part of the business — from highereddive.com by Natalie Schwartz

The company has launched 13 new degrees with colleges since 2021, bringing the total number of bachelor’s, master’s and postgraduate degrees up to 38, according to Maggioncalda.

…

2U saw $152.4 million from its degree segment in 2021’s fourth quarter, about 11 times the revenue Coursera brought in from its degree business over the same period.

What Makes a Great School Website Design [with Practical Tips and Examples]

On 01/30/2022, in business side of he, colleges, communications, community colleges, design, education, higher education, ideas, K-12 related, marketing/social marketing, parents/guardians, social media, universities, web design and production, by Daniel Christian

What Makes a Great School Website Design [with Practical Tips and Examples] — from graphicmama.com by Boril Obreshkov

Excerpt:

A school website is much more than means to list information online. It’s the front gate to your school community, representing its values and philosophy. A well-made school website design and structure can help build a reputation for the institution, create an entire concept for how first-time visitors will view it, and ultimately give the school an advantage over competitor schools. In this article, we’ll talk about what makes a great school website, with many examples and practical tips on how to improve your virtual hub of knowledge!

Things Great School Websites
Have in Common >>

Also relevant/see:

Digital branding is key for everyone in education — from thetechedvocate.org by Matthew Lynch

Excerpt:

People in the educational sector tend to face lots of competition. Currently, there are tons of colleges, universities, and most training centers. This means that there’s a high need for everyone in education to venture into the building and create a unique identity for their brands. In this way, people can have the opportunity to stay ahead of their competitors in a tangible manner.

One way that this can be achieved is through educational digital branding. It’s a cost-effective and more efficient means of targeting the right audience. In this piece, we will talk about how you can implement digital branding, especially in education.

You are using your school website wrong — from thetechedvocate.org by Matthew Lynch

Excerpt:

Part of the problem is that developing and maintaining a useful school website is quite a big undertaking but isn’t super urgent. Because of this, it often falls through the cracks. Another issue can be ownership of the project.

Let’s take a look at some of the most common mistakes made when designing and keeping school websites.

S&P raises view of higher ed sector for 2022, but colleges’ fortunes are diverging [Seltzer]

On 01/30/2022, in business side of he, colleges, dangers of the status quo, higher education, learning ecosystem, Learning from the Living [Class] Room, learning preferences, online learning, reinvent, skills, staying relevant, strategy, surviving, United States, universities, by Daniel Christian

S&P raises view of higher ed sector for 2022, but colleges’ fortunes are diverging — from highereddive.com by Rick Seltzer

Excerpts:

S&P Global Ratings revised its view of the U.S. not-for-profit higher education sector to stable, ending four years of negative outlooks even as it said it is monitoring divergence in fortunes between strong and weak institutions in the market.

Some stressed institutions will be able to leverage high-value real estate, branding or strong programs into a merger or affiliation, according to the ratings agency. But with colleges competing for often-shrinking pools of students, S&P expects more closures — especially of small, regional, private liberal arts colleges.

Also see:

Breaking Down Online Postsecondary Enrollment Growth in the United States — from holoniq.com
Welcome to the multi-speed online enrollment economy. The highs and the lows of the top 20+ institutions.

Digital capability is arguably the number one priority for US universities and colleges. Postsecondary enrollments in the United States are in decline, institutions are bracing for a much bigger 2025 enrollment crash (due to a falling birthrate from the last recession) and a tight labor market is encouraging employers to drop requirements such as degrees and instead embrace faster, cheaper and higher ROI online up-skilling programs.

Shorter Training, Better Skills: Three Predictions For The Future Of Career And Technical Education — from forbes.com by Jeremy Wheaton; with thanks to Ryan Craig for this resource

But in the face of an entrenched and growing skills gap, young people are increasingly questioning the status quo and looking for shorter, less expensive, more direct-to-career options.

Excerpts:

Here [is the first of] three predictions for how the rest of the 2020s will continue to be defined by career education:

The four-year degree will no longer be seen as the default postsecondary education option.

Surprised? Me neither. And that’s part of the problem. [Christian]

On 01/17/2022, in business side of he, career development, colleges, cost of getting a degree, dangers of the status quo, Daniel S. Christian, higher education, parents/guardians, participation, society, sociology, student-related, United States, universities, by Daniel Christian

From DSC:
For those who work within higher education, my guess is that this phenomenon/message comes as no surprise. But for those outside of higher ed, can you blame young people — and their families — for giving up on a path because it appears too expensive?

Perceptions of Affordability — from insidehighered.com by Elizabeth Redden
High school juniors who believe they can’t afford higher education are about 20 percentage points less likely to attend college within the first three years after high school than peers who don’t think affordability is a barrier.

Inside Higher Ed Acquired by Times Higher Education [Jaschik & Lederman]

On 01/17/2022, in Africa, Asia, Australia, business side of he, Canada, change, changing business models, colleges, community colleges, Europe, global / globalization, higher education, India, IT in HE, journalism, law schools, learning ecosystem, liberal arts, lifelong learning, UK, United States, universities, by Daniel Christian

Inside Higher Ed Acquired by Times Higher Education — from insidehighered.com by Scott Jaschik and Doug Lederman
Our editors Scott Jaschik and Doug Lederman explain how this combination of publishing companies will improve global coverage of postsecondary education and better serve the higher ed community.

Excerpt:

As journalists, we often say that we want to report the news, not be the news. We are making an exception [on 1/10/22] to announce that Inside Higher Ed has been acquired by Times Higher Education (THE), the world’s leading provider of higher education news, data and insights.

Fall’s Final Enrollment Count Is In. Colleges Lost More Than 475,000 Students. [Williams June]

On 01/13/2022, in 21st century, adjunct faculty, adult learning, Alternatives, business side of he, career development, colleges, community colleges, faculty/staff, future of higher education, game-changing environment, higher education, United States, universities, by Daniel Christian

Fall’s Final Enrollment Count Is In. Colleges Lost More Than 475,000 Students. — from chronicle.com by Audrey Williams June

Excerpt:

New data from the National Student Clearinghouse Research Center provides a somber final tally of total college enrollment in the fall of 2021: It dropped 2.7 percent from a year earlier, a decline of 476,100 students.

Undergraduate enrollment, which was down at every type of institution, slipped by 3.1 percent — or 465,318 students — from the fall of 2020. The total decline among undergraduates since the fall of 2019 — just before the pandemic hit — was more than a million students, the center said.

Addendum on 1/19/22:

Private 4-year Sector Enrollments Removing WGU, SNHU, and Liberty University as Outliers — from philonedtech.com by Phil Hill

14 Predictions for Higher Education in 2022 [Schaffhauser]

On 01/10/2022, in 21st century, 24x7x365 access, adult learning, Alternatives, Artificial Intelligence/Agents/LLMs/and Related, Augmented Reality (AR), blended learning, Blockchain, business side of he, change, changing business models, cloud-based computing / apps / other cloud-related, colleges, community colleges, content development, aggregation, repositories, copyright/ownership/NFTs, corporate / business world, corporate universities / corporate training, cost of getting a degree, dangers of the status quo, Daniel S. Christian, digital learning, digital storytelling, digital video, disruption, distance education, education, education reform, education technology, elearning, emerging technologies, engagement / engaging students, experimentation, faculty/staff, future of higher education, game-changing environment, higher education, ideas, immersion, innovation, instructional design, intelligent systems, intelligent tutoring, IT in HE, law schools, leadership, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning preferences, learning spaces, more voice more choice more control, new business models, online learning, pace of change, personalized/customized learning, platforms, reinvent, social learning / networks, society, staying relevant, streams of content, surviving, teaching & learning, teaching online, tools, training / L&D, trends, United States, universities, vendors, Virtual Reality (VR) / worlds / learning, vision/possibilities, workplace, XR - extended reality, by Daniel Christian

14 Predictions for Higher Education in 2022 — from campustechnology.com by Dian Schaffhauser

Excerpt:

Ask people working in higher education what they expect will happen in the new year, and the outlook is filled with visions that build on what we’ve been experiencing on college and university campuses for the last two years: a major focus on learning formats; continued exploitation of new technology; and the use of new digital models that move users “beyond Zoom.” Here we present the collective predictions of 14 IT leaders, instructional folks and a student about what they anticipate seeing in 2022. As one put it, “Let’s go, 2022! We have work to do!”

From DSC:
I’d like to thank Dian Schaffhauser, Rhea Kelly, and Mary Grush for letting me contribute some thoughts to the various conversations that Campus Technology Magazine hosts and/or initiates. I inserted some reflections into the above article and I hope that you’ll take a moment to read my and others’ thoughts out there.

Repurposed real estate emerges as unconventional source of savings, revenue for colleges and universities [highereddive.com]

On 12/27/2021, in business side of he, change, changing business models, colleges, community colleges, higher education, law schools, learning spaces, United States, universities, by Daniel Christian

Repurposed real estate emerges as unconventional source of savings, revenue for colleges and universities — from highereddive.com

Excerpt:

As market conditions evolve, higher ed leaders are striving to build a profitable future amidst chronic funding obstacles. Between roadblocks like disruptive online competition, evolving demographics, crippling student debt and dwindling enrollment, traditional operating models cannot produce enough gains to satisfy market demands, argues KPMG.

It’s one reason why many institutions are exploring inventive ways to free up and generate funds without hampering student and staff experiences. As higher ed leaders look to diversify funding sources, repurposed real estate is emerging as a significant bottom-line booster.

Web 3.0 vs Metaverse: What’s the difference? — from homo-digitalis.net by Fabian Schmidt

Excerpt:

So what is Web 3.0?

On Twitter, a user asked if someone could explain the term in baby talk. I thought one answer was good:

- Web 1.0 = Read
- Web 2.0 = Read/Write
- Web 3.0 = Read/Write/Own

This is a sufficient simplification to gain an initial understanding. Yet a bit more information is still important.

Let’s get one thing straight right away. As with all things in the making, there is not yet a clear-cut definition of Web 3.0. Tim Berners-Lee, the inventor of the classic web, thinks of the semantic web as the next big step.
…
Since 2020/2021, there is another idea of Web3, and it is inspired by a new form of technology: Blockchains. At its core is a new wave of decentralization.

Besides decentralization, other key topics related to Web 3.0 include Decentralized Autonomous Organizations (DAO), Non-fungible-tokens (NFT), and Decentralized Finance (DeFi).

The metaverse is a digital world that is meant to feel as real as possible and can represent all concerns of human existence. From leisure to work.

Fabian Schmidt, Homo Digitalis, 2021

Bill Gates: Most Work Meetings Will Happen In The Metaverse In 3 Years — from vrscout.com by Kyle Melnick

Excerpt:

“Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D space with digital avatars,” said Gates in the post. “Both Facebook and Microsoft recently unveiled their visions for this, which gave most people their first view of what it will look like”.

Adidas to enter the metaverse with first NFT products — from dezeen.com by Rima Sabina Aouf

Excerpt:

Adidas has announced its next collection will be a mix of digital and physical items, and will be sold as NFTs produced with collaborators such as Bored Ape Yacht Club.

Titled Into the Metaverse, the collection will comprise virtual wearables that buyers can use in online platforms, but also the physical clothing to match.

It is Adidas’ first collection of NFTs, or non-fungible tokens – essentially, digital collectibles with proven authenticity. NFTs act as a blockchain-based certificate of ownership, allowing pieces to be authenticated, bought and collected.

How Coinbase thinks about the Metaverse — from blog.coinbase.com by Brian Armstrong & Alex Reeve

Excerpt:

Primitive Metaverse platforms are selling virtual land for millions of dollars. Billions more are being invested in Metaverse startups. And Mark Zuckerberg recently renamed his entire company to reflect a focus on building the Metaverse.
…
Recently, our team put together an internal presentation about the Metaverse, who’s working on it, and how crypto will help make it real. I thought the presentation was well done, so I’m sharing most of the slides here.
…
Like Matt[hew Ball], we define the Metaverse as:

The future of the internet: A massively-scaled, persistent, interactive, and interoperable real-time platform comprised of interconnected virtual worlds where people can socialize, work, transact, play, and create.
…
The Metaverse is the distant evolution of Web3. In its most complete form, it will be a series of decentralized, interconnected virtual worlds with a fully functioning economy where people can do just about anything they can do in the physical world.

3 major trends affecting ed tech companies — from highereddive.com by Natalie Schwartz
We reviewed what executives said during their latest earnings calls to better understand patterns in the growing sector.

Excerpts:

Earlier on the call, he said Coursera’s entry-level certificates — which are developed by the likes of Facebook, Google, IBM, Intuit and Salesforce — attracted more than 2 million student enrollments since 2018.

“New entrants to the sector, such as corporations and online education companies, will offer genuine competition to traditional colleges, especially as pricing becomes more of a focus,” analysts wrote in the report.

Several ed tech companies are seeing returns from efforts to work with companies to train their employees.

Officials at Udemy, a major MOOC platform that went public in October, said during a call with analysts in early December that their work with companies now accounts for 39% of their revenue – up from 23% a year ago.

A handful of colleges are finally providing training in a way consumers want it: fast [Marcus]

On 12/16/2021, in 21st century, 24x7x365 access, business side of he, career development, change, changing business models, colleges, community colleges, skills, society, staying relevant, student-related, surviving, United States, universities, vocational / trades, workplace, by Daniel Christian

A handful of colleges are finally providing training in a way consumers want it: fast — from hechingerreport.org by Jon Marcus
‘Rapid reskilling’ seeks to speed up the frustratingly slow pace of switching careers

Excerpts:

Such so-called rapid reskilling remains surprisingly rare in public and nonprofit higher education, which generally has been slow to respond to the need for accelerated training among the nation’s many career-switchers.
…
While conventional education institutions have long offered what they call short-term training, what they often mean by that is “shorter than it takes to get a degree.” Such programs still typically follow academic semesters that start only in the fall or spring and meet for a few hours a week, stretching on for months or years.

“We have really picked up the pace,” said Urban. “That’s something that is very, very attractive to career-switchers. People want it faster and they want it cheaper and they want it more conveniently. And that’s not a mode of operation in which traditional colleges and universities have thrived.”

Learning Ecosystems

Right Now, Your Best Employees Are Eyeing the Exits [Walton]

Higher ed groups call for stricter oversight of accreditors [Bauer-Wolf]

Another component of the perfect storm within higher education?

These 3 charts show the global growth in online learning [Wood]

S&P raises view of higher ed sector for 2022, but colleges’ fortunes are diverging [Seltzer]

Inside Higher Ed Acquired by Times Higher Education [Jaschik & Lederman]

Fall’s Final Enrollment Count Is In. Colleges Lost More Than 475,000 Students. [Williams June]

Repurposed real estate emerges as unconventional source of savings, revenue for colleges and universities [highereddive.com]

Some items re: Web3 and the Metaverse

3 major trends affecting ed tech companies [Schwartz]

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