A key internal control involves data analytics to evaluate operational and strategic performance of the district, campuses and various operational areas. Data analytics can benefit operational performance including:
- Budget performance
- Competitive salary schedules and nonexempt wages
- Competitive employee benefits
- Personnel management including staffing levels
- Planning and projections
- Service delivery and resource optimization.
Data analytics can also benefit strategic performance including:
- Performance benchmarking
- Long-term planning and goal setting
- Communication to stakeholders
A robust data analytic tool is a significant time-saver in facilitating an evaluation of operational and strategic performance related to the management and delivery of programs, services and activities in all areas. Information and insights gained from data analytics help ensure short-term opportunities are identified and leveraged to maximize performance results for the current school year and fiscal year, and to benefit long-term performance gains.
Moving the needle after gaining insights from data analytics absolutely depends upon understandable and transparent communications to the district’s administration, campus leaders, board, and community leaders. It’s essential to keep it simple when presenting complex data patterns and relationships. School business officials work in an exceeding complex regulatory setting and effective data visualizations facilitate the communication process and make a major difference in getting one’s point across to the audience.
TASBO, TASA and TASB have partnered with Forecast5 to provide an array of analytic tools to assist your district in analyzing staffing, financial, operational, and academic data and performance. For more information, click on the link below.
http://www.tasbo.org/resource/forecast-5