RTO and other education providers, have undergone significant reform over the past five years. This has included the introduction of a demand-driven system for tertiary education, a new school funding model and policy initiatives aimed at increasing access to preschool education. While higher domestic demand for education and training is primarily attributable to population growth, the division has expanded at a faster rate than the population over the past five years. This is due to increased government funding and enrolment shifts towards more expensive providers in secondary and tertiary education. Growth in enrolments at private schools has outstripped those at public schools, and government policy has allowed students who would otherwise have studied at a vocational education and training (VET) provider to enrol at university. Leader Accountancy is here to assist in this highly regulated industry.Contact us today!
Key Success Factors
Access to a highly skilled workforce
Educational organisations should try to recruit well-qualified and experienced staff. This will enhance teaching and student results, as well as the reputation of a school or operator.
Creating education courses current and relevant to industry needs
Higher education institutions must be responsive and provide training in areas of student demand and skills shortage. This is particularly important for vocational education providers, which offer training specific to certain jobs.
Having a good reputation
Reputation is usually developed over time, and will increase demand for enrolment.
Establishing export markets
Revenue from full-fee paying overseas students has been particularly important to higher education, and has benefited other industries. Developing export markets will diversify and boost revenue.