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OD: Difficult Choices-Strategies for Cutting Faculty and Staff Costs from Financial, HR, Legal and Risk Management Perspectives

Recorded April 28, 2009

Overview

In response to the financial crisis, many higher education institutions have reassessed programs and practices to ensure they advance their core mission. Colleges and universities are responding to current economic conditions by reorganizing departments, redeploying staff, layoffs, and terminating appointments. There are benefits, costs and risks associated with these actions. The panel will outline strategies for how to balance these factors while keeping the best interests of the institution in mind.

What You Will Learn:

• Recognize the financial drivers for reducing faculty and staff costs
• Identify options for reducing staffing expenses
• Develop framework for managing layoffs
• Recognize potential legal risks of layoffs and how to mitigate them

Who Should Participate?

• Chief business officers
• Human resource professionals
• General counsel
• Risk managers

Meet the Presenters:

• Andrew Evans, Vice President for Finance and Treasurer, Wellesley College
• Allison Vaillancourt, Vice President for Human Resources, University of Arizona
• Frank Vinik, Senior Risk Counsel, United Educators
• Martin Michaelson, Partner, Hogan & Hartson

Course Information:

• Course Level: Intermediate
• Length: 100 minutes
• Prerequisites: none

Fees