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Showing posts with the label cost containment

New Research: Shared Governance Promotes Cost-Effectiveness

Good news for UW-Madison faculty, staff, and students:   a new study  suggests that shared governance  lowers institutional costs per student.  The disintegration of shared governance across the nation's universities has contributed substantially to rising costs, according to these economists.  But not at UW-Madison, right folks? We are keeping shared governance alive. There is more good news.  The study also says that the optimal ratio for cost containment is 3 tenure-track faculty for every 1 full-time administrator.  At many places there are now twice as many administrators as faculty.  But not at Madison. This year, Madison has 1,986 tenure-track FTE faculty  compared 406 FTE administrators, a ratio of 4.86 to 1. However there may be some need for closer attention to what lies ahead.  The study also suggests that we need to take into account students (imagine that!) and think about our staffing relative to students, no...