What's Happening?
The College and University Professional Association for Human Resources released its latest Higher Education Employee Retention Survey, revealing a decrease in the number of nonfaculty higher education employees considering job changes. The survey, conducted in April, included nearly 3,800 respondents from 505 colleges and universities. It found that about a quarter of nonfaculty employees are likely to seek new jobs in the next year, down from a third in 2023. The survey highlighted that nonsupervisors, men, and employees of color are more inclined to look for new opportunities. External affairs emerged as the most stable area, with 62% of employees unlikely to seek new jobs. Despite the desire for higher pay being a primary motivator for job changes, feelings of belonging and purpose are stronger predictors of retention.
Why It's Important?
The survey results indicate a shift in job market dynamics within higher education, suggesting increased stability and satisfaction among nonfaculty staff. This trend could impact recruitment strategies and retention policies at colleges and universities. Institutions may need to focus on enhancing workplace culture and providing growth opportunities to maintain employee satisfaction. The emphasis on belonging and purpose over pay highlights the importance of non-monetary factors in employee retention. As higher education institutions navigate financial constraints, understanding these motivators can help in developing effective retention strategies.
What's Next?
Colleges and universities may need to reassess their employee engagement and retention strategies, focusing on non-monetary incentives such as career development and workplace culture improvements. Institutions might also consider addressing job security concerns, particularly in research and sponsored programs, to further stabilize their workforce. As the job market evolves, higher education institutions will likely continue to monitor employee satisfaction and adapt their policies to retain talent.
