When it comes to your school’s mission and the value you offer to families, you can’t be all things to all people. Many schools fall into the trap of trying to offer the best programs, the smallest class sizes, and the most accomplished graduates—all for a lower price than the competition.
In our experience, this simply cannot be done. We instead encourage schools to choose their competitive marketplace position and keep every strategic decision in line with this stance.
Millennials first entered the workforce about 10 years ago and abruptly changed office dynamics. Their standards and values are so different from boomers and Gen Xers that they didn’t just cause small ripples through common work processes—large adjustments have become necessary to remain competitive.
Once you’ve made the decision to enroll international students and have gone through the Student and Exchange Visitor Program (SEVP) certification process, you must become knowledgeable about and adhere to SEVP’s rules and regulations.
Many of the schools we work with have questions about employee benefits and how to ensure the long-term well-being of their school’s administrators, faculty, and staff. Lucky for us, ISM’s Affordable Care Act Specialist and Flexible Benefits Manager provides a wealth of knowledge in these areas.
Today, we’re sharing some recent information regarding Medicare Part D Notices and 1095/1094 Reporting. Read on for the latest updates.
The following scenario was recently shared in our Business Manager e-list, a free, email-based, position-specific resource for private-independent school community members. “A student is enrolled for the 2017–18 school year but has a small outstanding balance on their 2016–17 tuition account. The parents promised to pay it over the summer but, before making the payment, filed for bankruptcy and named the school as a creditor. What do we do?”
An important function of every school’s Business Office is helping create and maintain the crisis management plan. Many schools have created a Risk Management Team to oversee this function. If you’re a member of the committee, don’t forget to create your response and recovery action plans.
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