According to a recent report released by Ernst and Young, spending on higher education in India is estimated to grow at an average of 18% a year to cross Rs.232,000 crore by 2020. The report also states that higher education institutes will need to improve the quality of education and focus on faculty development.
Conservative estimates show that India needs around 8,000 additional faculty members holding doctoral degrees to meet the growing demand for higher education. In addition to offering competitive packages, incentives such as international exposure, career growth and research opportunities will also need to improve so that higher education institutes can attract and retain talent.
“With higher education being outlined as one of the key priorities for the government, we believe that the sector is set to witness a massive transformation with a number of new institutes being set up and a growing number of students opting to pursue higher education in India. To fuel this transformation, there will be a large demand for high-quality faculty and staff – the greatest assets of a higher education institution,” said Vinod John, senior director sales, SunGard Higher Education. “Our Talent Management Suite is very relevant in the current environment and can help institutions cultivate and retain top talent, enabling institutions to grow and meet their objectives more effectively.”
Having the right people with the right skills, in the right roles, and at the right time can have a positive impact on an institution’s performance and help address the larger issues facing the higher education sector. Delivering on this strategic need can be a challenge for leaders in higher education. As institutions begin to lose faculty to retirement and institutional costs continue to increase, a new set of demands have been placed on higher education leadership to effectively manage talent across the institution. The SunGard Higher Education Talent Management Suite can help institutions identify key performers on campus to help improve an institution’s ability to retain and grow intellectual capital and to manage and grow the organization.
The Talent Management Suite helps institutions manage the complete employee lifecycle, from onboarding, learning, and performance management, through organizational and succession planning. It is designed to help institutions:
· Align employee training and performance with institutional goals
· Deliver institution-wide training initiatives on-demand and with measurable results
· Meet compliance and governance requirements
· Complete transparency around all processes: learning activities, readiness gaps, performance, goal management and succession planning
The Talent Management Suite is available as a full suite or as modularized components in the cloud, to give institutions more flexibility to shape how technology meets their evolving needs. It is another example of SunGard Higher Education delivering on its Open Digital Campus vision and technology strategy.
About SunGard Higher Education
SunGard Higher Education serves colleges, universities and foundations in 40 countries worldwide. Through its Open Digital Campus strategy, SunGard collaborates with the higher education community and provides software and services to help institutions find better ways to teach, learn, manage and connect. To learn more, please visit http://www.sungardhe.com/
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com/
