Higher ed faces shrinking workforce and pay increases outpaced by inflation — from highereddive.com by Laura Spitalniak

Dive Brief (emphasis DSC):

  • The median salary increase for all higher ed professionals was less than half of the inflation rate in 2021-2022, according to workforce survey data released Wednesday by the College and University Professional Association for Human Resources, CUPA-HR.
  • Administrators saw the greatest average salary increase, at 3.4%. The salaries of professional staff rose 2.9%, while tenure-track and nontenure-track faculty got average increases of 1.6% and 1.5%, respectively. The consumer price index for 2021 was 6.8%, the largest increase in decades.
  • The size of full-time and part-time staff as well as tenure-track faculty declined. CUPA-HR said colleges are feeling the same nationwide hiring and retention challenges as other employers.

From DSC:
This is going to hurt higher ed — how much so remains to be seen. But losing real purchasing power and working harder than ever doesn’t make for an effective, appealing, winning, long-term career proposition.

On the parental side of things, I’m not at all excited to have to absorb even higher costs as our son continues to make his way through college.