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Today's Economy and the Today's Economy and the Reinvention of Higher Reinvention of Higher
Education: Leadership and Education: Leadership and StewardshipStewardship
New Hampshire Women in New Hampshire Women in Higher Education LeadershipHigher Education Leadership
Spring ConferenceSpring Conference
Helen Giles-GeeHelen Giles-GeeApril 17, 2009April 17, 2009
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Overview
Today’s Economy Economic Issues for Higher Education Principles Meta-analysis of Budget Strategies Experiences Needed Reinvention of Higher Education
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Selected Factors Affecting the Economy
Record mortgage failures Significant losses in banking, business,
and industries Deep declines in bonds, equities and
thus endowments Increased unemployment Decreased consumer trust and spending
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All Sectors of Higher Education Affected
Private Higher Education– Ivy League– Religious
Public Higher Education– Two-year– Four-year
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Public 4-year Revenue SourcesPublic 4-year Revenue Sources(not including capital (not including capital additions/deductions)additions/deductions)
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Major Budget Objects
60%
7%
8%
12%
8%1%4%
Salaries, Wages & fringe
Net recoveries-Allocations
Utilities
Support and CapitalEquip
Financial Aid
Library Acquisitions
Transfer, incl R&R
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Meta-Analysis of Economic Strategies
Personnel Budget Reductions Capital Projects Enrollment Cost Containment Revenue Development Merger/Acquisition/Closing
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Table 1: Actions Used or Will Use re: Staffing and Compensation-CUPA 2/09 (N>304)
Executive Staffing– Hiring freeze 29.5%– Delayed Hiring 36.4%
Executive Salaries– Overall reduction in increase pool
percentage 19.9%– Wage freeze 25.2%
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Table 1: Actions Used or Will Use re: Staffing and Compensation-CUPA 2/09 (N>304)
Exempt FT Staffing– Hiring freeze 34.5%– Delayed Hiring 43.5%
Exempt FT Salaries– Overall reduction in increase pool%
21.6%– Wage freeze 26.6%
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Table 1: Actions Used or Will Use re: Staffing and Compensation-CUPA 2/09 (N>304)
Non-Exempt FT Staffing– Hiring freeze 34.8%– Delayed Hiring 43.4%– Overtime control 56.0%
Non-Exempt FT Salaries– Overall reduction in increase pool% 21.8%– Wage freeze 26.9%
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Table 1: Actions Used or Will Use re: Staffing and Compensation-CUPA 2/09 (N>304)
FT Faculty Staffing– Hiring freeze 19.0%– Delayed Hiring 24.1%– Phased retirement program 16.8%
FT Faculty Salaries– Overall reduction in increase pool % 19.0%– Wage freeze 23.2%
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Principles Shared Governance Communication Transparency Strategic Planning Advocacy Accountability Protect Core Areas
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Shared Governance and the Budget
Planning Council Budget and Resource Council Enrollment Management Task Force Human Resources Master Planning Council Sustainability Commission Vice President for Planning and Finance and Cost
Center Managers Student Assembly Professional and Operating Staff Advisory Councils President’s Cabinet President
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Communication: Loop
Budget website Letters to the community via email Open Forums Meetings of various committees Input from the campus community
via website, forums, and email
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Protect Core Areas
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Gaining Economic Experience
Chairperson Staff: Chair of Cost Containment Dean Provost President Member of a College/Higher
Education Community
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Reinvention of Higher Education
“No Frills” Education For-profit Entrepreneurship Collaboration Economic Development Globalization Public transformation/New fiscal
models
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Questions: Will this economy affect?
Access to Education? External Accountability? Tenure? Presidential hires? The Physical Plant? Transfer? Diversity? Academic Quality?