The Institutional Challenges of Full-time Faculty Retirement: Has The Expedition Accomplished All That it Promised and That it Should Accomplish?
Academic Leadership - Online Journal,
Vol. 6 No. 3 (2005): Vol-6-Issue-3-March-2005
The retirement of full-time faculty is an issue that is currently and likely to continue to challenge many
higher education institutions. It is an issue that has implications that are long-term and both positive and
negative. On the positive side for institutions, faculty retirements present potential opportunities to
renew the core staffing of the institution. Faculty retirements may allow institutions to add new energy
and innovation through the hiring of new faculty. Not that new ideas or innovations are the exclusive
realm of new or young, but fresh ideas and approaches in higher education are more typically
associated with new faculty coming to an institution for the first time rather than with senior faculty near
the end of their careers. To be sure there are clearly exceptions to this phenomenon and perhaps
perception and in the sphere of research that may particularly be the case as senior faculty are
proportionately more productive researchers. Retirements are also opportunities to reallocate scarce
faculty salary resources to areas where student demand is particularly acute.
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