12.09.2022 Views

FY23 Strategic Plan and Budget Report

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

APPROVED 08/18/2022<br />

WIG 2:<br />

Quality of Former<br />

Students Wages<br />

The second Wildly Important Goal is a measure<br />

of production quality evidenced by the earnings<br />

strength of former students, an indication of<br />

the quality that industry is willing to pay for<br />

the skills they are acquiring. Like WIG 1, Former<br />

Students includes students that leave college<br />

with no credentials, <strong>and</strong> graduates or award<br />

recipients. TSTC is accountable for every student<br />

that attends at least 9 semester credit hours.<br />

Therefore the plans include the wages of leavers<br />

<strong>and</strong> graduates combined in goal setting.<br />

3-YEAR GOAL<br />

5-YEAR GOAL<br />

Figure 04<br />

Average First Year Wages - Quality<br />

Actuals<br />

Forecast<br />

WIG 2 Goal<br />

13 programs<br />

underperformed<br />

<strong>and</strong> were closed.<br />

49,485<br />

52,344<br />

Resources were<br />

reinvested into high<br />

dem<strong>and</strong> technical<br />

programs.<br />

42,237<br />

46,134<br />

36,655<br />

33,300<br />

33,763 33,466<br />

31,243<br />

28,910<br />

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025<br />

STRATEGIC PLAN & BUDGET REPORT<br />

7

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!