The financial picture of education has left many colleges in a somewhat dismal state regarding moving forward during the pandemic. Administrators now face the additional issue of educating faculty members about economic shortfalls related to education funding caused by COVID-19. Even if faculty understood the campus money, there’s still no guarantee schools would be saved […]
Nov 12, 2020
Oct 22, 2020
The pandemic has taken a toll on the financial health of college campuses across the nation, particularly in Texas. The pandemic has drained $11.5 billion in the state’s budget, as Texas A&M coronavirus fallout has led to $147 million in lost revenue. The governor has asked state agencies, including colleges, to plan on tighter budgets. […]
Oct 08, 2020
While many employers still anticipate an economic rebound in 2021, the first decline in the salary increase budget in 12 years has become evident, following a 2020 midyear survey of businesses. Here are some key results related to expected salary projections for the coming year: Salary Increase Budget Decline Projected for the First Time since […]
Sep 24, 2020
COVID-19 has wreaked financial havoc across many industries, including higher education. The pandemic and mass shutdowns have led to rising college layoffs and furloughs. While online learning can be a solution, university administrators must still work with tight budgets and weigh the costs of financial havoc during COVID-19. Financial Challenges for Universities In the year […]
Sep 10, 2020
The coronavirus pandemic has altered the course for countless organizations, especially college campuses this fall. With so much economic uncertainty on the horizon, many colleges are playing it safe by slashing expenses. Here are some of the different paths you can expect colleges to take for the fall semester to stay afloat. Outlook for College […]
Aug 20, 2020
The survey conducted by the College and University Professional Association for Human Resource reveals that pay for non-exempt staff rose a median 2.4% last year as compared to 1.9% the year before. Despite this, human resources during the crisis are at risk of losing their work hours or jobs entirely. Who Is Affected While the […]
Aug 06, 2020
The COVID-19 crisis has created a huge impact in the education sector. With classes being canceled and admissions for the next year delayed, colleges are introducing temporary salary savings plans to counter their budget shortfalls in 2020-2021. How KU Is Dealing with the Budget Shortfall The University of Kansas recently announced that its Lawrence and […]
Jul 23, 2020
The COVID- 19 pandemic has disrupted the way we access education. Overnight, students and educators have had to shift to online learning. Educators particularly have experienced the brunt of this shift, often having to innovate on their own, unless their institution has invested in the requisite technology to facilitate online classes. Online Study No Match […]
Jul 09, 2020
The COVID- 19 pandemic has led to massive unemployment across the world, particularly in the US. While several corporate businesses are laying off employees with years of experience, universities and colleges are doing the same with their non-tenure-track and online adjunct faculty. The Plight of Faculty Members Money Matters With several projects delayed and admissions […]
Jun 18, 2020
COVID- 19 has forced many enterprises to rethink their working conditions. Businesses are taking the health of their employees into account and turning to online services instead. The same stands true for educational institutions as well. Here’s how coronavirus has affected colleges and universities in the U.S.: Impact on Classes While the virus has stopped […]