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UWM Strategic Objectives and Budget Outlook Meeting Highlights

Chancellor Mone provides insight on UWM's strategic goals, partnerships, budget overview, and Title and Total Compensation project. Learn about student success, research excellence, and community engagement. Explore financial support and future plans.

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UWM Strategic Objectives and Budget Outlook Meeting Highlights

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Presentation Transcript

  1. All University Staff Meeting • November 16, 2018 Chancellor Mark A. Mone

  2. Overview • UWM’s strategic objectives • Strategic partnerships • UWM budget outlook • UWS Title and Total Compensation project • Questions and answers

  3. Strategic Objectives • Student success • Research excellence • Community engagement and talent pipeline • People as a platform • Branding, image and visibility

  4. Supporting Our Objectives • $4.1M – Scholarships offered; 35% increase from 2014 • 1,884 – Students offered scholarships; 79% increase • 289– Salaries supported*; 55% increase ACTIVE AND RETIRED UWM EMPLOYEE GIVING: FY18: $931,954* (38.4% increase over FY17) FY18 participation rate: 11.31% (4.4% increase) *FY18 by headcount

  5. Strengthening UWM • Importance of building image / visibility • Brand ambassadors • Budget advocacy

  6. Strategic Partnerships • Multiple schools/colleges • Student-centric • Innovative revenue streams • Bold thinking

  7. New & Emerging Strategic Partnerships • Lubar Entrepreneurship Center • Northwestern Mutual Data Science Institute • Connected Systems Institute • M³ (M-Cubed) • Higher Education Regional Alliance • Freshwater University • Digital Education Service Center

  8. UWM Budget Snapshot and Future • Context and where we are • Mid-term election impact – Governor, Regents • FY19 budget – expecting continued improvement • Current financials • Institutional balanced budget in FY18 • Efficiency and effectiveness • Transitioning to new budget model • Integrated Support Services • 2019-21 biennial budget process underway • Operational budget – BOR asking for increase • Capital budget –FY21 request is favorable

  9. UWS Title and Total Compensation 2 Goals & 1 Outcome

  10. TTC Project Timeline Build Compensation Structure Title Structure Job Framework We are here Begin 2017 2018 2019 Communication and Change Management Market Matching of Job Titles Job Description Development and Vetting

  11. Questions & Answers All University Staff Meeting November 16, 2018

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