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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
Staffing shortages in critical student services, like the counseling center, lead to fewer student appointments, reduction in services for high-needs students, and result in higher attrition rates. EAB gathered industry experts for a panel discussion where they shared their thoughts on the state of the sector and the talent crisis. They agreed, winning with students requires winning with talent.
To help institutions quickly surface and size meaningful savings opportunities, EAB is launching the Financial Sustainability Collaborative for Administrative and Organizational Effectiveness. Our innovative collaborative model convenes a cohort of institutions to tackle the complex terrain of administrative efficiency and effectiveness together.
EAB has identified eight principles most important to budget remodel success. We recommend that all institutions changing models abide by the principles outlined below–regardless of current model, desired new model, or current point in the change process.
Many higher education institutions are embracing more permanent flexible work spaces for administrative and professional services employees. Campus leaders must therefore begin rethinking their office space strategy.
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.