During the height of the COVID-19 pandemic, many businesses across the U.S., both large and small, laid off or furloughed workers, leading to a dramatic spike in unemployment across the country. For instance, in March 2020 alone, non-farm payrolls fell by 701,000. While some employers laid employees off for safety concerns, others did so due […]
Sep 23, 2021
Sep 09, 2021
Various stakeholders, including students, parents, the public, and the government, persistently demand higher education quality and accountability. To meet these expectations, most universities and colleges use management tools such as mission statements and strategic planning. However, faculty compensation can also help these institutions achieve their mission and satisfy their high expectations. Here’s a look at […]
Aug 18, 2021
For years, the average minimum wage in the U.S. has been $7.25 per hour. Although some institutions pay slightly higher, only a few of them have surpassed the $15-per-hour mark. Even worse, the COVID-19 recession not only resulted in massive job losses in the U.S. but also a cut in wages for those lucky enough […]
Aug 11, 2021
A recent National Education Association (NEA) report revealed that faculty compensation in higher education has increased over the past 10 years. While the salary for a full-time professor averaged $90,000 in 2020, there are still significant discrepancies in pay across faculty ranks, with unfair or inadequate compensation impacting the quality of higher education. Here’s a […]
Jun 24, 2021
In 2018, the CEOs of 62 private universities over $1 million in total compensation, including bonuses and deferred payments. The Chronicle of Higher Education revealed this in its latest update on executive compensation at public and private universities. The Top Earning CEO 2018 (C.L. Max Nikias) C.L. Max Nikias was the highest-paid university leader in […]
Jun 23, 2021
A recent survey by the American Association of University Professors (AAUP) found that the average faculty pay in the U.S. decreased by 0.4% in 2021. However, faculty pay in some institutions increased this year because some of the lowest-paid professors were laid off due to the pandemic. It is worth noting that salaries don’t reflect […]
Jun 15, 2021
Also referred to as executive pay, executive compensation comprises the remuneration packages and benefits such as salaries, insurance coverage, and retirement benefits given to executive-level employees. In 2019, the average executive pay in the U.S. was $21.3 million, according to the Economic Policy Institute (EPI). While the figure varies from one company to another, a […]
Jun 10, 2021
As of May 2020, the U.S. had already lost more than 20.6 million jobs due to the pandemic-induced recession. Moreover, even those lucky enough to keep their jobs experienced issues such as pay cuts, delayed paychecks, and no pay increase. According to the College and University Professional Association for Human Resources, the same trend was […]
May 27, 2021
Tips for handling feedback for campus administrators and leaders One of higher education’s most serious recurring problems is the evaluation of campus leaders. Part of this issue can be attributed to the significant periods of time between evaluations. When leaders are allowed to operate for too long without oversight, institutions often discover a lack of […]
May 13, 2021
A properly structured human resources department is vital to the long-term success of any organization. It helps foster the right organizational environment for increased productivity and growth. Just like business organizations and corporations, universities and colleges should have a proper HR organizational structure to prosper. The Critical Role Your HR Department Plays With a well-organized […]