HR in Higher Ed
Facing unique financial pressures, colleges and universities must have HR departments that operate efficiently and at a high level. They must move past basic administrative roles and become a major organizational influence. In order to combat these pressures effectively, it may help to identify some key challenges that cross the path of human resource professionals at institutions of higher learning.
What are the Key Challenges?
- Budget – HR budgets in higher education have tended to be 50 – 75 % lower than those found in other industries, according to a study by Aon. In addition, state budget shortfalls have made it necessary for all departments to cut back.
- Rising Healthcare Costs – The same Aon study found that increasing healthcare costs are a top concern for Higher Ed HR.
- Recruiting – Attracting and Retaining new employees is also a great concern. These institutions will need the next generation workforce to fill open or expanded faculty and staff positions to meet their ever-changing needs.
- Leadership Development and Succession Planning – As the competition for candidates heats up and the current workforce ages, leadership dev and succession planning will need to become a priority.
- Increased Automation and Use of Technology – Outdated paper-based processes tend to reduce operational efficiencies, so incorporating, integrating, and implementing new technology will become even more vital.
There’s a high level of predictable retirements coming, with a loss of intellectual capital,
so HR needs to be on top of succession.