Building the Faculty for 2010 and Beyond Improved Treatment of Non-Tenured Faculty and Increased Tenure-Track Hiring Crucial as Baby Boomer Retirements Loom

No segment of American society is exempt from the workforce changes that must be addressed as baby boomers begin to retire from full-time work.  UC's faculty, who are crucial to all UC|21 goals and the University's financial recovery, will most likely be retiring in increasing numbers over the next 5-7 years (see chart).

Preparation for this turnover must begin now.  Three issues are key:  stabilizing and improving the work lives of non-tenured full-time faculty (e.g., those with field service, clinical, and research titles); moving non-tenured faculty into tenure-track lines wherever possible, for those faculty who are interested in doing so; and budgeting the funds that will be needed to recruit and retain excellent new faculty into tenure-track lines, at the market rates UC will inevitably be required to pay.  (click here for full story)

UC’s Budget Situation: What Does the Debt Burden Mean? Thinking for Today and Tomorrow

Over the past year, our office has received a large number of calls and emails from faculty asking us to help them in interpreting UC’s complicated, and worrisome, debt situation. For anyone without special training in higher education finance and management, it is indeed difficult to sort through the many pieces of information that come from multiple sources to answer the seemingly simple question: What does it all mean?  

Is UC financially stable? Can it be financially viable into the foreseeable future? What does the “billion dollar debt” really mean for UC’s students, faculty, staff, and its educational mission?

Given the recent presentation made by President Zimpher and Vice-President for Finance and Administration Monica Rimai to the Board of Trustees, the new state budget, and recent media coverage of UC’s financial state, we felt it important at this time to provide an overview of the situation for faculty.  (more)