Laurentian University is conducting extensive consultation to share information on the SMA3 process and to ensure that decisions made under this agreement reflect and advance Laurentian University`s goals, strengths, values and strategic outcomes. Almost all of them are necessary measures provided by the government. The only measure to which institutions are flexible is in terms of economic impact, where universities can propose a measure that best reflects their economic impact. Unlike previously, there will be financial consequences if the performance ratios set for each institution are not met. The ADM agreement must demonstrate how Laurentian`s mission supports the Ontario government`s priority areas and how our plans and strategies will support improved performance in key areas: (i) addressing the evolving needs of the labour market, (ii) improving the skills and skills of our students, and (iii) supporting a post-secondary education system that strengthens Ontario`s economic competitiveness. Strategic Mandate Agreement (SMA) is a bilateral agreement between the ministry and the university that the ministry believes is a key component of the accounting framework for post-secondary education in Ontario. Bilateral discussions on ADM3 will focus on a new funding mechanism based on the results announced in Ontario`s 2019 budget. Under ADM3, the ministry will confirm our defined benefit funding and core funding on the basis of crossing points. It is important that our SMA3 agreement is compatible with the strategic plan, academic plan, research plan and budget and multi-year plan. The government has divided the 10 performance metrics into two main categories: Skills – Job Outcomes Community – Economic Impact The agreement aims to collect quantitative information grouped under several broad themes, including: a) student experience; b) innovation in teaching and learning; (c) access and justice; (d) the excellence and impact of research; and (e) innovation, economic development and community engagement. Some examples could be considered on student employment levels, graduation rates, the share of spending on student services and employment rates for higher education graduates. During the third phase of the agreement, SMA3, which runs from 2020 to 2025, the actual funding allocations in universities will be linked to their performance due to the extremely insufficient indicators of the agreement.

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