Cost containment strategies for higher education: How to build an agile compensation and reward framework 

In response to the COVID-19 pandemic, universities worked quickly to implement short-term cost-reduction initiatives, like pay cuts, hiring freezes, and phased retirement programs. Now, with the start of the new academic year, administrators are facing tough financial decisions as they look to implement longer-term solutions. 

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Join us for a discussion on how to build a more responsive career framework that can increase operational efficiencies and highlight cost reduction opportunities to support long-term sustainability. With years of experience working with public and private colleges and universities, our speakers will offer guidance on how to position your institution for what comes next. You'll learn how to: 

  • Develop the right career framework to enhance employee engagement, better measure and manage spend, and mitigate risk
  • Analyze your current labor costs, identify areas of opportunity, and optimize work structures using an organizational assessment
  • Reduce costs and potentially save millions of dollars by bringing a data-driven perspective to an emotional conversation
  • Navigate through today’s litigious and regulated environment, by better assessing and mitigating risk through a pay equity analysis
We will allow time at the end of the session to address audience questions. 

About our speakers

MikeChalmersMike Chalmers, J.D. | Mike is a Principal and leads Buck's Career practice. He has a legal background and more than 20 years of experience, both as a consultant and leading the compensation function at large, multi-national companies. With a proven track record of delivering on key initiatives within diverse business environments including M&A integration, international expansion, and corporate restructuring, his experience includes international, executive and broad-based total rewards, job analysis and organizational design, and performance management and HR system/analytics. 

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Amy Heinze Amy is a Principal in Buck’s Career practice and has more than 20 years of experience in both consulting and corporate compensation. She works with her clients in the development and design of workforce rewards, executive compensation, career frameworks, salary structure design, and pay policy development, with industry specialization in the higher education and not-for profit worlds.

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