Robert L. Clark, North Carolina State University
Madeleine d'Ambrosio, TIAA-CREF Institute
December 2004 | Issue # 82
This paper examines existing human resources policies and considers potential modifications that will enable institutions to recruit, retain, and retire faculty in the coming years. The analysis reviews the soaring cost of health insurance for active and retired faculty and how these plans are being amended. It also reviews the widespread adoption of phased retirement plans and the use of early retirement programs as components of HR policy. The increasing reliance on non-tenure track faculty is also described. The analysis focuses on the challenges that universities face in the current economic and demographic conditions and the methods that administrators can adopt to fulfill their teaching and research missions.