The Chronicle of Higher Education recently published a provocative post about financial transparency on its Vitae blog. Allison M. Vaillancourt, an administrator at the University of Arizona, writes that frank discussion of financial issues with faculty and staff can benefit university employees. She argues that rather than avoiding the conversation or trying to protect people from a scary reality, it's best to give them the details they need to make changes.
As funding for higher education becomes more challenging, we have to consider how our day-to-day actions can influence the costs of running our enterprises. We can leave these decisions to our most senior administrators, or we can educate and engage people throughout our institutions to consider how to drive down expenses and expand revenues. Do you think people at your institution are up for that challenge?
You can read the post in its entirety here.
How have you handled financial challenges at your school? Do you keep them quiet? Or share them with the community? Clearly one must strike a balance — sharing enough to empower people, but not so much that everyone runs from the room, screaming, “The sky is falling!”
We’d love to hear your thoughts.
Image: "The Conjurer" by Hieronymous Bosch
Roles & Responsibilities
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The In Trust Center hosts learning community spaces throughout the year. Check out our upcoming events below.
Thursday, February 15, 2024, 1:00 p.m. (ET)
Presenter Donna Alexander, President & CEO of Advoxum Global Strategies, offers best practices for navigating conflict and crisis. She examines the crucial elements of defining conflict and crisis, identifying, and prioritizing affected stakeholders, utilizing effective communication strategies, and ultimately, executing a plan of action. Click here to register.
FEBRUARY 22, 2024, 1 PM (ET)
An In Trust Center Resource Grant offers member schools a chance to explore innovation at their institutions through a matching grant opportunity of up to $15,000. Join us for this 30-minute information session, including Q&A, as we provide details on eligibility requirements, funding priorities, application process. Previous grantees are eligible to apply as long as they are not within our current funding cycle. Click to register.
Presenter Donna Alexander, President & CEO of Advoxum Global Strategies, offers best practices for navigating conflict and crisis. She examines the crucial elements of defining conflict and crisis, identifying, and prioritizing affected stakeholders, utilizing effective communication strategies, and ultimately, executing a plan of action.
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