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Salary Freeze E-mail

Salary Freeze E-mail



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Published by cmarks324

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Published by: cmarks324 on Dec 09, 2008
Copyright:Attribution Non-commercial


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Subject: A message from the Academic DeansDate: Mon, 08 Dec 2008 12:42:56 -0500From:To:Dear Department Chairs, As you know, the current projection of a 30% decline in our endowment presents the FASwith a substantial financial challenge. To help address this challenge, we will need todraw upon our endowment at a higher spending rate than we have historically. Even witha higher spending rate, we still face a large gap in funding. Based on preliminaryestimates, we need to plan for a cost reduction of $105 million to $125 million relative tothis year's (FY2009) budget. In other words, even if we do not take on any incrementalexpenses (such as a salary increase for existing faculty or new ladder faculty searches) wewill still need to find at least $105 million in reductions from current expenses. Facedwith budgetary pressure of this magnitude, we have decided to curtail sharply mostincremental expenditures (relative to the FY2009 budget). Dean Smith wrote to you last week regarding staff hiring. We are writing to let you knowabout three further cost-cutting measures that will be announced at the Faculty Meetingtomorrow. We would greatly appreciate it if you would refrain from sharing thisinformation with your colleagues until tomorrow 's meeting. First, we plan to keep all faculty and non-union staff salaries flat next year. Union staff have a contract with the University, which has been negotiated with the centraladministration. Second, we are postponing almost all current tenure-track and tenured searches. Therewill be a small number of exceptions (selected with an eye toward minimizing costs andmaintaining priorities) and, of course, internal promotions will continue as planned. TheFAS remains committed to a tenure-track system. We intend to resume searches once the financial situation turns around. At that time, we plan to allow departments to proceed with their original searches or to switch thosesearches to new fields, so long as they align with the departments' academic plans. Thus,it is imperative that we continue with the academic planning process. Third, to minimize the cost of visiting faculty, new non-ladder faculty appointments, and purchases of faculty from other Harvard schools, we will only authorize requests for these types of instructional faculty to fulfill essential curricular needs. If such a need isdemonstrated, we ask that departments search for candidates according to the ordered list below:* Recent PhDs (from Harvard or other institutions)* Tenure-track faculty from local institutions

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