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 2: Filling the gap: finding and keeping faculty for the university of the future

Molly Corbett Broad

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


2. Filling the gap: finding and keeping faculty for the university of the future Molly Corbett Broad Never before in the history of America has a university education been more important since, in a knowledge-based global economy, our only competitive advantage is our people and the skills, innovation, and knowhow they bring to the table. That truth has considerable implications as our nation’s universities seek to find and retain the faculty needed to serve future generations of students. The most important and distinguishing characteristic of American universities is the social compact that connects the people, their government, and their universities. American universities serve the nation’s interests through a unique three-part mission: excellent teaching, research, and practical service to our citizens. The manifestations of these components have evolved over time in response to new social and economic challenges, yet the core missions have remained intact. 2.1 FORCES OF GLOBAL CHANGE Several powerful forces of global change are dramatically impacting higher education, however. The evolution and integration of technology, knowledge, and economics is fast creating a single global market. As the Internet and emerging technologies proliferate, they will continue to drive globalization forward. They ensure that how we communicate, how we invest, and how we look at the world will be increasingly global. Prosperity now requires more than seizing, holding, and exploiting land and natural resources. The competition for the best information and knowledge workers has replaced the competition for the best farmland or oilfield. As a result, we are facing...

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