Your April EAB Briefing Monthly Round-Up: Financial Sustainability

Greetings!

As you close out the fiscal year and prepare for the next, we're looking into the trends, insights, and highlights surrounding financial sustainability. From fundamental shifts on campus to common salary mistakes, read below to see the top financial conversations happening in higher ed.

The essential cost containment strategy guide for higher ed

Campus leaders seek opportunities to mitigate unnecessary costs and increase financial efficiency amidst tightening budgets and uncertainty about future revenues. This month, we’re opening up our partner resource center to highlight our cost-containment research, including near-term and long-term tactics across five functional areas of colleges and universities. From labor costs to facilities, access the resource center to help boost efficiency across your institution.

Here’s what you need to know about the trends shaping higher ed today

In a past State of the Sector webinar, Managing Director John Workman unpacked six trends that are shaping the landscape of higher ed. After the presentation, he spoke with a panel of industry experts on the ongoing national dialogue that challenges the traditional role of higher ed in society and the fundamental shifts they are seeing. Check out the following highlights from the conversation to get an inside scoop on what’s next for institutions.

Boost outcomes in advancement with omni-channel marketing

Advancement leaders are under mounting pressure to secure increased revenue for their institutions. Here’s where omni-channel marketing comes in: This strategic approach offers a streamlined experience that can better reach, engage, and convert donors.?Learn about omni-channel marketing and how it can boost your institution's revenue with this helpful infographic .

The fundamental shift campus facility leaders are facing in 2024

It’s no secret that the last few years have brought major changes to higher education, impacting campus footprints and operations. To better understand the effect, we surveyed Facilities and Estates organizations across North America, Europe, and Oceania in December 2023. Read on to examine the results and how it relates to your institution.

When it comes to higher ed, avoid these 3 common salary mistakes

How does your institution determine your salary? While employees often need more insight into the process and decisions behind pay, HR teams invest a lot of time and energy conducting?in-depth salary studies. However, salary studies are tricky, and we found that staff salary studies in higher ed often?overestimate?how competitive an institution’s current pay is relative to the market. To help your institution get the most out of the salary study process,?take a?look at the three?common?salary study mistakes —and how you can avoid them.

Budgeting and financial stability are popular topics within higher ed today. Having a well-designed plan can help institutions continue to stay ahead of the curve.

Until next time,

The EAB Briefing Team

Looking for more resources from EAB?

Sign up for our full email newsletter! Our editors hand-curate EAB's latest and most relevant content, then send it to you each morning or each week.

Work with us. Reach out to an EAB expert today to discover strategic partnership opportunities that align with your institution’s goals.