3 Research Why’s: Human Capital Essentials for Principals
The recent findings from the Wallace Foundation reinforce how profoundly principal quality matters when it comes to student outcomes. Research also shows that principals greatly impact your district’s abilities to hire, grow and retain staff.
Why focus on human capital practices with principals?
1) The majority of a school’s budget is spent on its people.
People are, by far, the greatest expenditure for school systems. Throughout history, districts spend 80+% of their budgets on people (salary and fringes).
Source: Public School Expenditures, National Center for Education Statistics
On average, 75%+ of a district’s operational expenditures are attributed to individual schools where oversight falls on the principal.
Source: Exploring the Quality of School-Level Expenditure Data, U.S. Dept. of Education
2) Leaders account for 70% of variance in employee engagement.
Just as great teachers create enthusiasm for meaningful learning experiences for their students, great principals create and maintain high levels of employee engagement – critical to employee retainment.
Source: Managers Account for 70% of Variance in Employee Engagement, Gallup
3) The Human Capital pool in education is shrinking. The quality of your leaders’ human capital practices drives your ability to recruit and hire.
From 2010 through 2018, there was a 33% decline in enrollment and a 28 percent decline in students completing teacher preparation programs.
Source: What To Make of Declining Enrollment in Teacher Preparation Programs, Center for American Progress
Ohio is committed to developing human capital expertise and is providing principals a one-day, in-person training in regional locations in December, and virtual options in January. Attendees of Ohio’s Human Capital Essentials for Principal will:
Understand how the district’s organizational strategy impacts building-level human capital.
Develop communication skills that support recruitment and reflect the district brand.
Learn about hiring practices that minimize biases and elicit decisions that support the district’s vision.
Explore strategies for maximizing employee engagement and fostering an inclusive culture for all staff.
Create understanding that advances human capital practices that support diversity, equity, and inclusion at the building level.
For details and to register for Human Capital Essentials for Principals, click here.