creating opportunities out of challenges
DESCRIPTION
Our Business. ‘On the Move’. Creating Opportunities out of Challenges. Our Business program. On the Move – Understanding the changing VET environment Opportunity Knocks – Part 1 - Building a successful business relationship Part 2 - Evaluating a business opportunity. Riverina Institute. - PowerPoint PPT PresentationTRANSCRIPT
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Our Business
‘On the Move’
Creating Opportunities out of Challenges
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Our Business program
On the Move – Understanding the changing VET environment
Opportunity Knocks – Part 1 - Building a successful business relationshipPart 2 - Evaluating a business opportunity
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Riverina Institute
> Why are we here?
> Our ‘Profile’ – Facts and Figures
> External Environment
> Whole of Business
> Funding Sources
> How we are performing?
> Where to from here?
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RI Strategic Priorities
http://intranet.rit.tafensw.edu.au/inst_dir/upload/Strategic_Goals/A4_Strategic_Goals_07-11.pdf
RI Business Plans
http://intranet.rit.tafensw.edu.au/inst_dir/bport/default.aspx
RI Targets
http://intranet.rit.tafensw.edu.au/targets/default.asp
Riverina Institute Snapshot
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Quote from Rosemary
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How is the external environment of VET changing?
Discussion
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What affects RI?
> COAG agenda
> Commonwealth funding agreements
> Industry requirements and response
> Market design focus
> Review of Higher Education
> VET in schools
> Other State directions
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Market design
States rewarded for adopting:
> National regulation of RTOs
> Choice in training provider, products, and service
> Individuals funded, not the institutions
> Contestability of all funding
> Competitive Neutrality
> Nationally Competitive Market
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VET in Schools
> Trade Training Centres in Schools program ($2.5 billion over 10 years)
> $500,00 - $1.5 m per school
> Funding for upgrades, refurbishments, new facilities
> For training in skills shortage areas to Cert III
> Application requires coordination with TAFE and other providers to ensure no duplication of facilities in the area
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Whole of Business
What does this mean to you?
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Whole of Business Approach
It’s about …> knowing the needs of our customers
> knowing where we have a competitive advantage
> tailoring our programs for different customer needs
> linking and integrating services (recognition, job placement, counselling, library, learner & disability support) with training and skills development
> diversifying our funding sources to ensure sustainability
> competing in the marketplace.
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Contestable Funding
Funded places that we have to compete for include:
> Productivity Places Program (PPP)
> Traineeships
> Some Apprenticeships
> AMEP and LLNP
> Pre Vocational programs
> Strategic Skills Program (SSP)A full list is maintained at: http://portal.rit.tafensw.edu.au/CF/Lists/Funding%20Sources/AllItems.aspx
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Productivity Places Program
> Federal Government initiative
> 450,000 places over 4 years
> 20,000 places from 1 April for job seekers
> 15,200 at Cert II and 4,800 at Cert III
> A significant proportion to be referred from job network
> Skill shortage areas
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Traineeships
Discussion
What % of NSW Traineeships are with TAFE?
Who are our major competitors?
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Commercial In Confidence. Not for circulation or citation.
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Funding Sources
$
1999 2003 2004
Increase Of
333%since 1996
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Funding Sources
38% External Funding approx $32.7M
62% State Recurrent Funding approx $54.2M
Source: 2008/2009 NCOS Report for Riverina Institute as at 30 June 2009.
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What do external funds pay for?
38% external funds represent…
Source: TAFE NSW Riverina Institute Staffing Statistics as at 31 December 2008 (provided by HR).
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3%5%5%
9%
13%
57%
Commercial Activities
TVET & Other
TAFE FEE
Special Projects - Courses
Traineeships
Special Projects - Non Delivery
Indigenous Programs
CMF
International
Strategic Skills Program
Our Funding Sources – 38% External
Source: 2008/2009 NCOS Report for Riverina Institute as at 30 June 2009.
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Where the money was allocated – 2008/2009
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ASH Trends (Actuals) – Core V External
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How does it all come together?
The Riverina Funding Model
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The Total Funding Picture
Infrastructure Maintenance &Utilities $1.299M
Salaries and Consumables$48.172M
Reinvestment of Margin in Core& Initiatives $4.026M
CentrallyManagedFunds$3.404M
ExternalPrograms $24.787M
Business Development Costs $1.7M
Core
Capital/Infrastructure/Equipment Funds $1.702M
CMF External
Equity open bal. $1.886M (Centrally set)
Equity closing bal
$1.04M
External Margin$4.026M
Commercial In Confidence. Not for circulation or citation.
$.846Last year loss
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DiscussionTo respond to the new environment and ensure RI’s
sustainability ...............................
What do I need to change about myself, my section and the Institute?
…… what's in it for me?
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Key Messages > Know your competitors> Extend partnerships with enterprises to attract
business – national and local > Build partnerships with universities and schools> Provide a comprehensive service for employers> Promote existing support services; libraries,
counselling> Upgrade and expand information to clients> Take new funding opportunities for skills development
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What’s next?
> Opportunity Knocks Part 1 (2 hours)
Networking
> Opportunity Knocks Part 2 (2 Hours)
Developing a Business Case
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Resources
Resources from this training are available at:
http://profdev.riverinainstitute.wikispaces.net/