The new budget also will include significant increases in student financial aid, consistent with the university’s and the board’s commitment to the Virginia Tech Advantage initiative. The primary objective is to elevate individuals currently receiving the lowest level of compensation. Successful recruitment and retention of high-quality graduate students requires the university to offer competitive compensation packages. Graduate assistants will continue to receive tuition remission, and the university will pay 88 percent of the annual premium cost of the basic health insurance plan. Next year’s university budget will include a 5 percent merit and distinction compensation program for teaching/research faculty and administrative/professional faculty, a 5 percent university staff merit compensation program, a 5 percent classified staff compensation program, and a 5 percent stipend increase for graduate assistantships.īecause graduate assistants provide a valuable service to the university and contribute significantly to the advancement of the university’s strategic vision, the 2023-24 graduate assistant compensation plan approved by the board will raise the minimum stipend to $2,420 per month, or to what is the 12th step on the current pay scale, and is consistent with the top recommendation of the Graduate Student Assistantship Support Task Force made earlier this year. In total, approximately 19 percent of the overall university budget is funded by state support. The Education and General portion of the budget, which includes the University Division and Virginia Cooperative Extension, totals $1.11 billion, a 5.8 percent increase from a year before. The 2023-24 operating budget will be the largest in the university’s history and the first time it will exceed $2 billion. LightSpeed VT is a privately held company headquartered in Las Vegas, Nevada.The Virginia Tech Board of Visitors approved a $2.06 billion university budget for the 2023-24 fiscal year that runs July 1, 2023, to June 30, 2024, at its June 6 quarterly meeting in Blacksburg. LightSpeed VT enables clients to close the entire communications loop: we help them speak more effectively, and we ensure audiences engage, listen and learn. We deliver forward-thinking reporting tools that help managers and owners understand who is learning and who is not, and who needs extra coaching.
We find those systems typically yield minimal engagement, poor retention and ultimately result in tremendous amounts of wasted time and resources.Ī better training experience is not enough. Most eLearning, LMS or online training systems only excel at serving up very laborious, non-engaging, slideshows or text-covered web pages that no one wants to read. Our training system was designed around the end-user experience. We do this by delivering the ultimate in private-labeled interactive virtual training systems.īeyond our training system, we collaborate with our clients to produce rich interactive video content and implement progressive testing experiences to ensure effective learning and retention.
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Every day, LightSpeed VT helps companies, trainers, professional speakers and entrepreneurial subject matter experts to maximize their training effectiveness, automate accountability, reduce costs and in many cases drive new revenue.
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