March 12, 2009

Dealing with the Financial Downturn

There's an interesting article on the Boston Globe site about the CEO at Beth Israel Deaconess Medical Center and his attempt to try avoid layoffs at the hospital, particularly among the lower paid, lower skilled workforce. The article got me thinking about the state budget situation and the actions the U has been taking to address it. The U has been taking many of the same steps (e.g. pay freeze for executives and now it's expected that pay will be frozen for most if not all the workforce, reducing the Regents scholarship tuition benefit from a full subsidy to a partial one, not filling most vacancies) as well as looking for ways to further improve the efficiency and effectiveness of its operations. If you're interested in learning about what the U has done and what employees are suggesting check out the web site the "The Economy and U."