Tag: Cost Savings
While federal financial assistance provides some welcomed relief, CARES funds alone will not eliminate the need to reduce costs. EAB will continue to monitor this space closely to keep college and university leaders informed on federal actions that may affect higher education.
Leaders are looking at new cost containment measures to cope with the impact of COVID-19. To help leaders identify and execute strategic cost containment tactics, EAB has created two new resources.
As governments around the world scramble to respond to COVID-19’s financial impacts, many countries have introduced relief packages for their respective tertiary or higher education sectors. In most instances, government relief accounts for just a fraction of universities’ expected losses. Higher education providers in some countries are receiving no direct emergency funding at all, with policy changes making up the bulk of government action. To make sense of the different support packages and policy changes affecting HEIs, EAB has put together a short summary of where universities stand in terms of relief in different corners of the globe.
Furloughing staff during COVID-19: how leaders are supporting employees through difficult budget decisions
Facing new financial pressures from COVID-19, a growing number of institutions are contemplating furloughs as a way to avoid layoffs, retain staff, and generate short-term salary savings. Some are indefinitely furloughing staff whose jobs cannot be performed remotely. Others are asking all staff to take a pre-defined number of furlough days.
How higher ed institutions are responding to the financial pressures of COVID-19: results of EAB’s survey of finance officers
The COVID-19 crisis is still unfolding, but higher education leaders are already projecting significant financial losses and preparing for a range of challenging budget scenarios. EAB recently surveyed over 100 business and finance leaders from higher education institutions across the United States, Canada, the United Kingdom, and Ireland to learn how they’re responding to new financial pressures.
Discover ten trends universities should keep in mind to better understand industry’s needs and create compelling opportunities that attract new corporate sponsors in this infographic.
Get communication strategies to socialize campus stakeholders to costs and operations, answering: Why do Facilities services cost so much?
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EAB’s tactics to equip leaders to identify the design and construction interventions that will extend the life of institutional assets.
Every year, the Facilities Forum’s research cycle culminates in a series of executive roundtables hosted across the country, where groups of 20-30 senior Facilities officers convene to discuss their biggest strategic challenges. Read our recap of this past year’s sessions and reserve your seat for the upcoming series, which will focus on topics including the […]