Strategic Enrollment Management in the Post-Pandemic Era
The pandemic has exacerbated a broader trend of enrollment decline for many institutions, while the so-called “demographic cliff” means that from 2025 onwards the traditional pool of high school graduates will be reduced by as much as 20%. It’s little wonder that 81% of institutional leaders consider improving enrollment and learner retention a top priority for 2023.
The only answer is innovation. To drive enrollment growth, institutions will need to leverage new data sources, attract new demographics, and embrace new modalities that align with learners’ goals and career aspirations.
Strategic Enrollment Management in the Post Pandemic Era is step-by-step guide to help you develop a holistic plan to recruit and retain learners. It includes four phases through the funnel—Preparing for Success, Growing the Top of the Funnel, Nurturing Through to Enrollment, and Supporting Through the Full Lifecycle—with a total of ten steps to help you develop a strategic plan to return your institution to growth.
Preparing for Success
The first task in Strategic Enrollment Management is to identify the data points that correlate with enrollment success and develop a clear process for how this data will be sourced and tracked.
1. Understand your Key Enrollment Indicators (KEIs)
Isolate the key enrollment cohorts for your institution as well as the key metrics that you can track through the funnel. Aggregate several years of data where possible, as the upheaval of the pandemic has caused outliers in recent data sets. This will then inform an enrollment model, where you can track conversion at each stage of the funnel and implement strategies to eliminate any friction points.
2. Devise a Clear Data Strategy
Providing personalized experiences for every learner is a fundamental part of boosting enrollment. This requires a data strategy across the full lifecycle and an institutional commitment to data action rather than collection, where the focus is on the data that can allow you to improve your service to students. Assess the current strengths and weaknesses of your institution to devise a data strategy which is streamlined and achievable.
Growing the Top of the Funnel
Now that you have set goals and have everything in place to monitor results, the next task is to increase the volume of prospects. This includes four crucial steps.
3. Differentiate Your Offering
Competition for prospects is fierce, particularly in the online and graduate spaces, meaning that there is a lot of similar messages in market for higher education programs. By understanding the unmet needs of learners—both among your existing core demographics and those which you have identified as growth opportunities—you can identify opportunities to take a truly differentiated proposition to market, and boost interest in your programs as a result.
4. Expand Your Applicant Pool
Here’s a controversial idea: what if we were to consider prospective learners as customers? Put simply, to consider a prospect a customer is to grapple with the full breadth of their needs, which for the purposes of enrollment means to really stress the value of what you are offering. Learners are now looking for opportunities rather than just degrees, and to attract new applicants you need to present your programs in terms of the true benefits, such as career development and employability, as well as being clear on the requirements for the learner, including costs.
5. Design a Multi-faceted Marketing Plan
Enrollment marketing is more contested than ever, and institutions that don’t take a strategic, multi-faceted approach are seeing their cost-per-lead skyrocket. You need to identify your key target audiences and communicate differently to each one, leverage both your website and dedicated microsites at different parts of the journey, and balance paid, organic, and content marketing for the best overall result.
6. Leverage Alternative Credentials
Call them badges, short courses, certificates, micro-credentials, or simply non-traditional educational programs. No matter which name you prefer, alternative credentials are fundamental to enrollment growth in a post-pandemic world where learners are looking to reskill or upskill to meet the needs of a changing employment market. You need to closely monitor employment trends, both nationally and in your local area, to isolate opportunities for skills-based programs.
Nurturing Through to Enrollment
With more leads coming in at the top of the funnel, you now need to provide the necessary support to guide prospects through to enrollment. As students consider a broader range of education options it’s critical to be proactive and responsive.
7. Support Diverse Learner Types
It is essential to tailor your enrollment approach to different learner cohorts. While the demographics will differ for each institution, there are common groups—such as first generation learners, adult learners, and ‘some college, no degree’—which represent a scalable opportunity for institutions who provide the specific support they require. Understand each cohort in detail and outline distinct support strategies for each.
8. Maintain Yield While Staying Learner-centric
Research clearly shows that learners want more support through the application and enrollment processes. But providing it requires clear processes on the institution side, to make sure that a seamless experience is available to prospects. Consider the key requirements through the application process, including FAFSA and other financial aid items, and ensure that there is support readily available to learners at all key stages.
Supporting Through the Full Lifecycle
The final task is to ensure that you retain students through to completion. No matter how effectively you bring in new learners, overall enrollment growth won’t be possible if you have large numbers stopping out mid credential.
9. Connect Data to Improve Learner Success
The first step to improving retention is identifying why students are stopping out. Review your existing data and put in place processes to fill any gaps. Having built a profile of the factors which most often cause learners to pause their studies, you can then use data to surface any current students who are at risk and plan detailed outreach to keep them on track. Ensuring that students receive quick, helpful information to any inquiries is also fundamental to boosting retention.
10. Align With Workforce Needs
Career aspirations not only drive enrollment decisions, they’re also key to keeping students on track through their credential. Right across your institution—from course design to advisors to instructors and beyond—it’s important that your team understand relevant workforce trends and skill requirements so this can inform the learner experience. Building strong partnerships with local industries and businesses is also a fantastic way to make career development a central part of the learner journey.
Strategic Enrollment Management in the Post-Pandemic Era provides detailed information across each of these ten steps, including research, best practices, case studies, and more, to lay down the building blocks for your institution’s enrollment strategy. Download the full report today for a thorough, full-funnel approach to enrollment growth after the shockwaves of the global pandemic.
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