Universities are facing financial challenges due to a variety of factors, including:
These challenges mean that universities are having to consider cost-cutting measures which will affect staff.
How can you address this?
Many universities have opened voluntary severance schemes. In considering applications under these types of schemes it is important to balance the requirement for cost-savings against the need to retain the right staff to deliver your student offering and ensure the university can continue to run smoothly.
If a scheme such as this does not achieve sufficient cost savings, you may need to consider other measures, balancing potential financial savings with factors such as possible industrial action and/or legal challenge, impact on staff morale and negative publicity.
These measures could include:
We are currently advising a number of universities on the pros and cons of these and other cost saving measures.
Besides some amendments to family friendly/ flexible working rights, there has been very little substantive legislative change to employment law over recent years. However, the Labour Party has committed to introducing an Employment Bill within 100 days, if elected.
Proposed changes which could impact on universities include:
How can you address this?
Given the impact that such changes could have, including increased costs, less flexibility and the prospect of more industrial action, you should:
Attracting, retaining and rewarding the best people is a challenge for universities. In the current climate, other sectors and overseas institutions can offer higher salaries and more attractive benefits while HEIs are having to take steps to reduce costs.
Universities are people organisations and you need the structures, capabilities and workforce to drive your university forward and achieve your strategic aims. Supporting your people and creating an exciting workplace which drives consistent excellence is key.
How can you address this?
Whilst you may be unable to compete financially with the packages being offered by employers outside the HE sector or overseas, your culture, values and commitment to helping staff realise their potential should not be underestimated and we have assisted universities with a number of initiatives including:
We would be happy to share our experience with you and support you in implementing such initiatives or expanding those which you already have in place. For further information, please contact Jane Byford in our Higher Education Employment team on 07909 656764 or complete the form below.