With bigger budgets and higher profits, corporate America sometimes outshines higher education in areas such as compensation. But here's one area where they're on even turf: creatively rewarding and recognizing employees.
Universities and colleges go to great lengths to find secure systems to help protect their critical data or proprietary information. Yet, some of the most important information can walk through a campus' front gates without anyone batting an eye.
The most frequent out-sourced human resource functions at any college or university are usually payroll, employee assistance programs (EAP), and benefits administration. IHEs are certainly doing it, but at the end of the day, does outsourcing really save money?
Staff recruitment in high-er ed has become more competitive today, as schools compete to hire the best and brightest. Here's how institutions are making themselves attractive to both current and potential employees.
Universities have been more creative recently in controlling rising health-care costs for faculty and staff members. It's a defensive move: Premiums for employer-sponsored health insurance have been rising dramatically--premiums went up 59 percent, or five times the rate of inflation, between 2000 and 2004, according to a Health Research and Educational Trust survey. Still, cost-saving options are available, from self-insurance plans to stronger wellness programs to giving employees the chance to have telephone consultations with health-care providers.