Annual Surveys and Reports:
The Financial Information of Universities and Colleges (FIUC), the only common source of financial data of Canadian universities and colleges, facilitates statistical and trend analysis on an aggregate level. The FIUC data is based on an annual return completed and submitted by each of CAUBO’s member institutions. It is a joint undertaking between CAUBO and Statistics Canada. Click here to access
NEW CAUBO PARTNERSHIP WITH HR METRICS SERVICE
CAUBO knows that members need evidence-based data to support their institutional decision-making.
That’s why we are pleased to share with you that we have signed a partnership agreement with HR Metrics Service (HRMS) to provide CAUBO members with quality HR benchmarking services. HRMS is a privately owned national benchmarking service with 65 client organizations from a variety of sectors, including several Canadian universities. Participating universities report a high degree of satisfaction with the service, content, and quality of reporting they have received from HRMS and recommend it to colleagues in the sector.
Joining HRMS has been a great investment for us at Memorial. We started with a limited number of metrics, and have now scaled up to 45 metrics! We use them for internal reporting, including the University’s Executive and annual reporting to the Board of Regents.
—Stephen Dodge (MUN)
This partnership will support the development of national HR metrics and help CAUBO members obtain reliable data to guide decision-making.
Key benefits for CAUBO members
CAUBO members that participate in the HRMS benchmarking service will receive:
- Sector-wide data analysis and trend reporting, provided by a third-party consultant with support from CAUBO
- Educational support to help use the resulting evidence-based data and information effectively
- Differentiated HRMS participation fees for CAUBO members, based on institutional size
Timeline for HRMS partnership with CAUBO
- Right now: Universities can sign up to work with HRMS and begin measuring their institutional data using their choice of metrics.
- In the coming months: CAUBO will coordinate the formation of a Steering Committee and Working Group to guide and convey a collective vision for HR benchmarking and measurement within the Canadian higher education .
- Within the next fiscal year: A third-party consultant will be engaged to develop sectoral trends and analysis and provide professional development to help members get the most out of their participation.
This service is currently available in English only. Bilingual services will become available as additional universities sign on with HRMS.
About HR Metrics Service
HRMS currently enables participating organizations to measure and compare their institutions based on more than 150 benchmarking metrics. Among them are six commonly used core metrics:
- Turnover – voluntary and involuntary
- First-year turnover
- Grievances as a percentage of unionized headcount (under review)
- HR headcount ratio
- Average age
- Average length of service
Many university-specific metrics have been added over the last several years. The full list is available here.
A list of current university participants is available online at www.hrmetricsservice.org/participants/
Participation fees are payable to HRMS. CAUBO will provide trend analysis and educational support as part of your CAUBO institutional membership fee.
We hope CAUBO members will take advantage of this targeted opportunity to improve their HR data and decision-making capacity. If you have questions about this partnership, please contact Elizabeth Taylor at email@example.com.
RECODE and Canadian Association of University Business Officers (CAUBO) are collaborating on a national initiative to support post-secondary institutions across Canada in exploring emerging trends and expectations in social purpose administration. The partnership draws upon RECODE’s insights and networks in advancing community-centered solutions and CAUBO’s mission to enable excellence in Canadian higher education administration.
This initiative stems from broader research RECODE and Simon Fraser University pioneered last year on the roles post-secondary institutions can play to enhance community well-being – including and beyond their primary mandates of teaching and research. This concept–known as social infrastructure– is described in their report, Maximizing the Capacities of Advanced Education Institutions to Build Social Infrastructure for Canadian Communities, which lists the capacities and assets of universities, colleges and polytechnic institutes that can be mobilized to meet community needs.
The partnership complements three additional projects RECODE is pursuing with Universities Canada, Colleges and Institutes Canada, and a cohort of BC institutions under co-leadership with Simon Fraser University.
These are the instruments which advanced education institutions have in the toolbox to further contribute to the prosperity of Canadian communities. The Financial and Physical instruments are in the domain of chief administrative and financial officers and the subject of this partnership.
CAUBO and RECODE seek to identify industry best practices and support administrators in learning about embedding greater social value in domains such as human resources, facilities management, procurement, investment, risk management, planning and budgeting and ancillary services. While many administrative officers are already familiar with social and sustainable procurement and social and sustainable investment, the aim is that eventually, all core administrative functions will have a more explicit social component. This initiative is designed to:
- Outline these opportunities;
- Learn about and overcome the barriers; and
- Support advanced education administrators in building the capacity of their institutions in this evolving field.
“Choosing to say yes when it would have been easier to say no – is absolutely critical to driving innovation in large complex organizations like universities where the easy thing is not always the best thing to do. We were REALLY lucky to have innovative and collaborative leaders in Finance and Administration that looked for out of the box solutions to support an out of the box social venture.”
– Wendy Cukier, Co-Founder, Ryerson University Lifeline Syria Challenge, Professor Entrepreneurship and Strategy, Ryerson University
In the Spring of 2018 CAUBO and McConnell consulted with university and college administrators at the following workshops:
Highlights from these consultations include:
There is considerable enthusiasm for scaling and accelerating the concept of social purpose admin and finance
Many social purpose admin and finance initiatives are already underway, and there are many good practices to be shared across institutions
Social purpose admin and finance requires a senior champion to be successful
It needs to be included in the strategic plan for it to become an institutional priority
The partners are now hosting a webinar series to help institutions learn from each other, through sharing and replicating best practices. Efforts are also underway to determine how best to incorporate social purpose administration and finance into institutional strategic plans. CAUBO members say this is an important and necessary prerequisite to increasing innovation in this area of professional practice.
Coming Soon: Inventory of Best and Emerging Social Purpose Administration and Finance Practices
The partners also collaborated on a survey to create a database of practices at Canadian institutions. This database will be available soon.
Please contact Kelly Hodgins at firstname.lastname@example.org for more information.
Topical Surveys and Reports:
CAUBO conducted a survey to gain a better understanding of members’ policies and practices governing the carry-forward of unspent operating funds. A Roundtable discussion was held during the CAUBO 2019 Conference in Halifax to discuss the topic. The survey results and a summary of the Roundtable discussion are available (members only).
As part of the survey, members were asked to share their institution’s carry-forward policies. These policies have been posted here for reference. Please let us know if you are willing to share your institution’s policy in order to advance sector knowledge on this topic.
A number of institutions in Ontario, in collaboration with the Council of Ontario Finance Officers (COFO), have developed a summary of best practices for reporting carry-forwards. This document is also available for viewing here.
CAUBO has been looking at ways to help Canadian Universities manage rising benefits costs and risks.
To this end, a series of four educational briefs are being developed, that will:
- Introduce the main forms of benefits arrangements that exist in Canada
- Explore the various options available to mitigate associated costs and risks, and their fit for higher education institutions
The briefs are available for VP members only by clicking here.
CAUBO conducted a survey to identify how universities and colleges are handling the change in legislation. The survey results and summary are now available on the website (members only)
View the following documents:
With almost daily reports of intrusions, data breaches and cyber attacks, Cyber-security continues to be top of mind for university administrators and was identified as a priority issue in CAUBO’s service plan.
We are pleased to advise you that the following products and services have been developed:
- Cybersecurity in Higher Education (PPT presentation – members only)
- Not Just an IT Issue: Roles of the Board and Executives in Managing Cyber Threats (webinar recording – coming soon)
- Responding to a Cybersecurity or Data Breach: Are you ready? (webinar recording – coming soon)
Cybersecurity in a University Setting
CAUBO, with guidance from CUCCIO, has released a cybersecurity report to provide a tool to our members. View the following documents:
A data dashboard has been developed to provide institutions that participated in the survey with access to benchmark data. Click here to login and access the dashboard.