nesa - benchmarking · 2010-10-13 · nesa - benchmarking.pptx author: brionna created date:...

Benchmarking

Origin •  The term

benchmarking was first used by cobblers to measure people's feet for shoes. They would place someone's foot on a "bench" and mark it out to make the pattern for the shoes.

http://en.wikipedia.org/wiki/Benchmarking

Definition •  Measurement of the quality of a

firm's policies, products, programs, strategies, etc., and their comparison with standard measurements, or similar measurements of the best-in-class firms.

http://www.businessdictionary.com/definition/benchmarking.html#ixzz123l26a6t

Objectives

•  The objectives of this exercise are (1) to determine what and where improvements are called for, (2) how other firms achieve their high performance levels, and (3) use this information to improve the firm's performance.

http://www.businessdictionary.com/definition/benchmarking.html#ixzz123lbmne8

Objectives

•  http://www.somerseteducation.net/Survey/tabid/55/Default.aspx

Agenda •  What are your objectives? •  What is currently available – NESA. •  What are others doing? NBOA /

NAIS / Australia / ISASA / ISBOA / Benchmark Research / AISA

•  What are the top 10 data points that you need and why.

•  Collate into 15-20 and work with NESA to provide.

NESA Data

•  NESA Portal •  Summary of Data:

– Salary information for administrators including: Superintendent, Business Manager, Principal, Curriculum Coordinator, Psychologist, Guidance Counselor and Athletic Director

NESA Data

•  Summary of Data: – Benefit information for Administrators:

additional insurance, retirement plan, paid home leave (for dependents), other cash benefits, tax assistance, professional development.

NBOA Survey

•  Data Collected: – Business Officer Compensation – Business Officer Demographics – Business Office Staffing – School Trends:

•  Enrollment Changes •  Budget Changes

NBOA Survey

•  Economic Trends: – Tuition Revenues – Annual Giving – Capital Giving – Endowment – Giving and Spending – Operating Income and Expenses – Student Retention – Environment Sustainability

NBOA Survey

NAIS Stats On-Line

•  Financial Calculator: – NAIS financial calculator serves multiple

purposes: •  Compare certain financial measures •  Compare certain ratios – both financial and

student related •  Allows user to model financial measures for

5 years in different ways

Financing Schools Calculator – View and Edit Data

When you are finished click on the "Submit" button.

You may update existing or add additional data and then save these numbers for future use.

This is your school's financials page. The data you see here is taken directly from the data you entered in the StatsOnline Survey.

http://statsonline.nais.org/statsonline/v2/Training/Training.aspx

Financing Schools Calculator – Current Key Ratios

Your comparison group numbers will be displayed here for easy side-to-side comparison to your school's data.

Select a comparison group to benchmark your school's ratios against.

Scroll down further and you will find ratios for faculty, admissions, giving and other related variables for your school and your comparison group.


Financing Schools Calculator – Fixed 5yr Projection

Using the calculator you can experiment with varying financial scenarios. This tool will allow you to project and adopt a plan for your school's finanical future.

Scroll to the bottom of the results screen and click on the "Fixed 5 Yr Projection" button


Financing Schools Calculator – Fixed 5yr Projection

Step 1: Indicate an anticipated increase, decrease or no change.

Step 2: Indicate a percentage or a flat number

Step 3: Enter the number or percentage for each variable.

Step 4: Save your report. You may also load or delete previous reports

Step 5: Click "Submit" to view your results

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Financing Schools Calculator – Results of 5 yr Projections

The results can help you identify areas that need attention. You can then determine the rate of change needed to solve the challenges presented by each area listed here.

You may print this report or you may convert it to an Excel document.

To go back and try running an adjustable 5 yr projection click the "Back" button twice.


Financing Schools Calculator – Adjustable 5yr Projection

The Adjustable 5 Yr Projection tool allows you to project different changes for each year.

You will need to follow the same steps as the Fixed 5 yr. Projection but now you will enter your forecasted numbers for each year individually.


NAIS Stats On-Line

•  NAIS collects data on a vast array of subjects and most of this is available for the user to pull as needed – comparison groups, multi-variable analysis, trend analysis, compensation information and more is available.

Selecting Variables Click the ‘Variable Family’ dropdown menu to select a variable family to choose variables from.

Select variables by clicking on the check box next to each variable.

Click on the ‘Add Variable’ button to move the selected variables to the ‘Selected Variables’ column.


Generate and View Results

Check that your screen shows the following:

1.  Variables selected. 2.  Comparison Group is

chosen. 3.  Years chosen. 4.  Focus School chosen

(optional). 5.  Report Type is chosen.

Click on ‘View Report’ to generate and view report.

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1. Click on ‘Revise Table’ to go back and make changes to the report.

2. Save the report by clicking ‘Save Report’. The report can be saved as an Excel spreadsheet by clicking ‘Export to Excel’.

3. Get a quick printout of the report by clicking ‘Printable View’.

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Select Additional Options

Select any additional options in order to narrow the search results.



1. Click on ‘Revise Table’ to go back and make changes to the report.

2. Save the report by clicking ‘Save Report’. The report can be saved as an Excel spreadsheet by clicking ‘Export to Excel’.

3. Get a quick printout of the report by clicking ‘Printable View’. 1. 2. 3.


Australia

•  Somerset Education – Somerset Education is a Chartered

Accountancy practice formed by John Somerset following his successful career as a Partner in a large Brisbane (Australia) practice. Our passion is ease of financial and strategic governance for schools, colleges and associated entities.

Australia

“Benchmarking facilitates learning by making comparisons and has an objective of establishing an economic model for best performance from the resources available to your school.”

Source: Somerset Education

Performance


Revenue


Others

•  AISA – working to develop a regional dashboard.

•  ISASA – small set of data about financial sustainability.

•  Benchmark Research – has developed specialized data collection for US schools of certain size and shape – fee based.

Group Work

•  In your groups talk about the metrics that would be most meaningful for your schools.

•  Report back to the whole group the top 10 data points.

Next Steps

•  Each group reports back and we collect a list of 15-20 of the most significant data points.

•  Work with NESA (or perhaps other associations) to enhance the current data collection process.

nesa - benchmarking · 2010-10-13 · nesa - benchmarking.pptx author: brionna created date:...

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