Building and Managing the Faculty of the Future
Edited by Robert L. Clark and Jennifer Ma
Herbert M. Allison, Jr Chairman, President and Chief Executive Oﬃcer, TIAA-CREF Over the last century, American colleges and universities have been the world leaders in higher education. Our campuses have also generated the theoretical and applied research that has helped fuel our nation’s remarkable long-term economic growth. Today, however, this position of global prominence is being tested, as higher education faces a range of ﬁnancial and human resources challenges: budget reductions, soaring health-care costs, the aging of faculty, and declining endowments. The chapters in this volume examine these challenges and how they are causing academic administrators to rethink their employment and compensation policies. For over 85 years, TIAA-CREF has partnered with colleges and universities to promote the well-being of faculty and help ensure the academy’s vitality. Throughout its history, TIAA-CREF has produced research and analyses to help higher education address its challenges eﬀectively. In 1998, we deepened our commitment to our core market by establishing the TIAACREF Institute. It serves as a bridge between our business and the business of higher education, striving to enhance our knowledge of the issues confronting institutions, administrators and the individuals they employ. The April 2004 conference on which this volume is based is one example of the Institute’s work. TIAA-CREF is proud to have sponsored Recruitment, Retention and Retirement in Higher Education. The Institute’s Three R’s conference reﬂects our dedication to doing all we can to assist colleges and universities maintain their position as world leaders. The conference brought together prominent...