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 5: Planning for the generational turnover of the faculty: faculty perceptions and institutional practices

Jerry Berberet, Betsy E. Brown, Carole J. Bland and Carroll- Ann Trotman

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


Jerry Berberet, Betsy E. Brown, Carole J. Bland, Kelly R. Risbey and Carroll-Ann Trotman 5.1 OVERVIEW Perhaps no challenge is more critical to the future of higher education than the ability of colleges and universities to plan for and effectively manage concurrent mass retirements and mass hirings. Over the coming decade an entire generation of faculty, hired during the higher education expansion of the 1960s and early 1970s, will retire and a new generation of faculty will be hired to educate an increasingly diverse student body and carry higher education forward into the twenty-first century. This chapter addresses the overarching concerns about what will be lost and what will be gained as the academy navigates this transition. Our theory is that institutions and their faculty must act as partners to minimize the loss of intellectual capital and cultural traditions during this generational turnover. Two faculty surveys – one focused on late-career faculty and the other on early-career faculty – were designed to probe this theory and provide insights into the work patterns, values, and perceptions of faculty during this time of change. The chapter presents results of the late-career faculty survey and the development of the early-career survey; together they will offer a holistic analysis of the challenges and opportunities facing academia during this time of ‘generational change.’ Our findings will help colleges and universities to plan strategically for policies and practices that deal effectively with faculty retirement, recruitment and retention, and assist institutions, pension providers, and faculty...

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