In a move to boost student retention and academic success, Wisconsin’s public university leaders will receive a 15% bonus if they meet certain retention goals. The new incentive program aims to encourage university leaders to focus on improving student retention rates and ensuring that students are better prepared for graduation and the workforce.
The program, announced by the Wisconsin Department of Administration, will provide a bonus to university leaders who meet or exceed the state’s retention targets for the 2023-2024 academic year. The targets are based on the percentage of students who remain enrolled at the university from one year to the next, as well as the overall retention rate for students who started college as freshmen.
To be eligible for the bonus, university leaders must meet the following retention targets:
Maintain a minimum overall retention rate of 80% for all students who started college as freshmen
Meet or exceed the statewide average retention rate for students from low-income families
Meet or exceed the statewide average retention rate for students from diverse ethnic backgrounds
University leaders will receive a 15% bonus based on their performance in meeting these targets. The bonus will be calculated based on the percentage of students who meet the targets, and will be paid out of the university’s budget.
The program is designed to encourage university leaders to prioritize student retention and to make strategic investments in initiatives that support student success. By improving retention rates, universities can reduce the number of students who drop out of college and increase the number of students who graduate and enter the workforce.
“We are committed to supporting our students and ensuring that they have the resources and support they need to succeed,” said a spokesperson for the Wisconsin Department of Administration. “This program is designed to incentivize university leaders to prioritize student retention and to make strategic investments in initiatives that support student success.”
The program will be reviewed and evaluated annually to ensure that it is meeting its goals and to make any necessary adjustments.
Wisconsin’s public university leaders will get a 15% bonus — if they meet retention goals
In a move to boost student retention and academic success, Wisconsin’s public university leaders will receive a 15% bonus if they meet certain retention goals. The new incentive program aims to encourage university leaders to focus on improving student retention rates and ensuring that students are better prepared for graduation and the workforce.
The program, announced by the Wisconsin Department of Administration, will provide a bonus to university leaders who meet or exceed the state’s retention targets for the 2023-2024 academic year. The targets are based on the percentage of students who remain enrolled at the university from one year to the next, as well as the overall retention rate for students who started college as freshmen.
To be eligible for the bonus, university leaders must meet the following retention targets:
Maintain a minimum overall retention rate of 80% for all students who started college as freshmen
Meet or exceed the statewide average retention rate for students from low-income families
Meet or exceed the statewide average retention rate for students from diverse ethnic backgrounds
University leaders will receive a 15% bonus based on their performance in meeting these targets. The bonus will be calculated based on the percentage of students who meet the targets, and will be paid out of the university’s budget.
The program is designed to encourage university leaders to prioritize student retention and to make strategic investments in initiatives that support student success. By improving retention rates, universities can reduce the number of students who drop out of college and increase the number of students who graduate and enter the workforce.
“We are committed to supporting our students and ensuring that they have the resources and support they need to succeed,” said a spokesperson for the Wisconsin Department of Administration. “This program is designed to incentivize university leaders to prioritize student retention and to make strategic investments in initiatives that support student success.”
The program will be reviewed and evaluated annually to ensure that it is meeting its goals and to make any necessary adjustments.
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