In 2024, the landscape of higher education is experiencing significant shifts, not least of which is the impact of inflation on faculty salaries. Inflation affects every sector, but its impact on higher education salaries presents unique challenges and insights, especially as institutions strive to balance financial sustainability with competitive compensation to attract and retain talent. […]
Category: Uncategorized
May 31, 2024
May 24, 2024
In 2024, the landscape of higher education continues to evolve, and salary trends across academic disciplines reflect a complex interplay of market demand, institutional priorities, and economic pressures. Understanding these trends is crucial for aspiring academics, current faculty, and administrators seeking to navigate the financial dynamics of higher education. Overview of Salary Trends Salaries in […]
Dec 06, 2023
In today’s business world’s fast-paced and competitive landscape, retaining top talent is crucial for sustained success. Creating a workplace where employees want to stay goes beyond competitive salaries and benefits. It’s about fostering a culture and environment that values and nurtures its most valuable asset – its people. Keep reading to learn about five ways […]
Nov 22, 2023
Setting goals is an integral part of personal and professional development. Whether advancing in your career, growing your business, or achieving personal milestones, having a clear roadmap is crucial. However, setting goals isn’t enough; you need effective strategies to turn those aspirations into reality. In this article, we’ll explore six proven strategies to help you […]
Jun 20, 2023
According to the American Association of University Professors (AAUP), full-time faculty pay across higher education increased appreciably over the 2022-2023 academic year. The 4.1% year-over-year wage hike is the largest for U.S. college and university full-time faculty members in over 30 years. But inflationary pressure has significantly impacted the actual pay for these employees. Over […]
Jun 07, 2023
Nevada and four Californian cities have joined a growing list of U.S. state and local jurisdictions that have announced upcoming minimum pay hikes for 2023. The cities of Pasadena, West Hollywood, Fremont, Los Angeles County in CA, and the state of Nevada have enacted laws that require all employers in their jurisdictions to increase hourly […]
Mar 08, 2023
As a business owner or manager, it’s essential to recognize the importance of rewarding and recognizing employees. While some rewards, such as monetary bonuses and stock options, are extrinsic, you can offer several intrinsic rewards that are often more effective in motivating and engaging employees. In this blog post, we will discuss intrinsic rewards and […]
Jan 18, 2023
The average US pay increase is expected to hit 4.6% in 2023, according to a recent survey from the Bureau of Labor Statistics. This increase is slightly higher than the 3.2% that was projected in 2019. It is expected to be a result of the current low inflation rate, as well as the tight labor […]
Dec 07, 2022
Does your company have a fully-fledged human resources department streamlined for all functions, from hiring and payroll to compliance and benefits? Sometimes, a small business is better off outsourcing employee management to a professional employer organization (PEO). However, how can a PEO benefit your organization, and how does it work? Read on for more. What […]
Oct 19, 2022
U.S. companies are expected to increase staff salaries in 2023 amid various unfavorable economic conditions, according to the July Salary Budget Planning Report by WTW. They’re budgeting for this under the pressure of low labor supply and the pay expectations of employees coping with a higher cost of living. Between April and May earlier this […]