Recruitment, Retention and Retirement in Higher Education

Recruitment, Retention and Retirement in Higher Education

Building and Managing the Faculty of the Future

Edited by Robert L. Clark and Jennifer Ma

This volume examines some of the most pressing employment and compensation issues confronting academic administrators. Contributors discuss topics such as: ageing of faculty, changing economic conditions and shifts in faculty employment patterns, rapid increases in health care costs and trends in retiree health insurance, and adoption of phased and early retirement programs.

Chapter 1: Changing faculty demographics and the need for new policies

Robert L. Clark

Subjects: economics and finance, economics of education, public sector economics, education, economics of education


Robert L. Clark Colleges and universities are facing a series of challenges and opportunities that demand immediate action if American institutions of higher education are to remain the best in the world. Public universities must confront financial difficulties associated with substantial reductions in the growth rate of state appropriations and, in many instances, the absolute reductions in operating budgets. Public and private institutions are concerned with fluctuations in endowments and escalating costs of employing faculty, especially the increasing cost of providing health insurance to active and retired faculty. In addition, faculties are growing older and low retirement rates limit the number of new hiring opportunities. The importance of these issues varies between public and private institutions, between those where human resource polices are collectively bargained and those that are non-union, across differing local economic environments, and by Carnegie classification. However, colleges and universities of all types are facing a series of common challenges that will shape higher education in the twenty-first century. In order to maintain high quality faculty in the coming years, colleges and universities must carefully consider their compensation policies and working conditions. The primary questions facing presidents, chancellors, provosts, deans and department heads are: ● ● ● How do they continue to recruit the best faculty? Having hired the best, how do they retain them? How can the faculty be restructured in the coming years through the orderly retirement of older professors and the hiring of appropriate replacements? This volume addresses the key issues associated with...

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