Today’s combination of enrollment declines, tuition reductions, inflation, and escalating wages has created a perfect storm for straining higher ed budgets. Even colleges and universities in favorable financial positions are proactively seeking ways to become lean, financially resilient institutions. Yet cost containment efforts tend to be haphazard with large savings targets, forcing leaders to forgo strategies for long-term cost savings and prioritize quick savings.
In this webinar, EAB expert Michael Fischer discusses the three must-dos for becoming a lean but financially strong institution. You can expect to learn about:
- Adapting conventional business wisdom to higher ed’s reality
- Improving core business operations to centralize administrative costs
- Cultivating faculty and staff support for cost savings initiatives
