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This toolkit will help business leaders formulate or update their financial contingency plans with tactics applicable during the COVID-19 crisis and beyond.
Mistakes in COVID-19 strategy
In Spring 2020, we brought together the inaugural cohort of the Financial Sustainability Collaborative (FSC). Thirty institutions gathered monthly and followed a four-month, EAB-created curriculum to confidentially discuss the myriad challenges associated with budgetary and financial perspectives within the academic enterprise.
EAB gathered chief human resource officers and senior facilities officers from 24 institutions to discuss return-to-work policies. Read this expert insight for the takeaways on what makes a more flexible work policy effective and how these changes might impact space utilization and employee engagement.
As the pandemic subsides, college and university leaders must decide how their campuses will operate in a post-pandemic world. To better understand the return-to-work decisions being made, EAB deployed a survey across mid-May to analyze early movers and planned changes on the future of flexible work arrangements for university administrative employees.
As is this case for many institutions of higher education, Diversity, Equity, and Inclusion (DEI) are values that we strive for as an institution, and to instill in our students. Institutions do a large amount of work in this area but have little data on the effectiveness of each intervention as we aspire to enact change.
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Higher Education is reeling from the financial and business model shocks that have been delivered by the coronavirus pandemic. As institutional leaders grapple with addressing the short-term operating issues necessary to keep running, longer-term questions of strategy and viability are taking on increasing urgency.
As colleges and universities struggle to set budgets for the upcoming fiscal year because of the uncertainty caused by COVID-19, many are looking for concrete guidance on how to reduce operating costs.