The Dangers of Dry Promotions
It is not uncommon in higher education for personnel costs to amount to approximately 95 percent of the budget. In other words, only about 5 percent of the budget is available for equipment, supplies, travel, utilities, maintenance, and the other types of expenditures that are essential to the modern university. In times of severe fiscal constraint, therefore, it’s all but impossible to build a workable budget without affecting salaries and benefits. Any but the most modest level of budget cuts lead to layoffs, hiring freezes, benefit reductions, and furloughs. But institutions sometimes try to preserve morale in times of crisis by promoting faculty members without increasing their salaries.