Shouldn't you just be paying market value.
Lets say you have a really good president, why wouldn't they just leave to a higher paying position somewhere else?
Shouldn't you just be paying market value.
Lets say you have a really good president, why wouldn't they just leave to a higher paying position somewhere else?
As to why they wouldn't just leave, well let them. You could hire better faculty members and you will have a sparkly clean university that can attract better students. Your research/teaching statistics go up and you can pick more funding. At some point other universities will follow your example and administrator salaries will normalize.
Not going to happen though .... more likely they will outsource the cleaning so that the president can earn 10x the salary of the IT stuff. Then they will probably outsource IT as well ...
No, because human dignity. The market somehow works but it isn't fair. To take an extreme example, imagine how the Chinese people work their asses off for peanuts in order to get us iPhones.