The innovative actions that faculty, and institutions on behalf of faculty, have taken to adjust to retrenchment and the changing academic profession are considered. It is suggested that faculty have three kinds of employment options to present conditions such as the scarcity of tenure-track positions and the failure of salaries to keep pace with rising prices. The options are remaining on campus, engaging in supplemental work on and off the campus, or leaving academe. Programs to retrain faculty in low and declining enrollment areas to teach in related disciplines or subdisciplines with growing or high enrollment are increasingly common. Some faculty are shifting to college administration, research, or support services. Overload teaching and consultation are sources of faculty supplemental income and may result in retraining and additional job contacts. Sabbatical leaves may be another option for faculty that permits employment for professional development or retraining or simply allows the individual time for career reassessment. One institutional response is a program at Hagerstown Junior College that enables faculty in occupational programs to take leaves to work in industry. Faculty who feel that leaving the academic community is their best option have several choices, including retiring early, changing careers without retraining, and retraining with campus support. Some institutions now offer campus counseling or career exploration specifically to aid faculty who are changing careers. The University City Science Center in Philadelphia is an example of support to academicians who wish to start businesses. Low-cost administrative support is provided for a variety of industries that are housed at the center. A resource (within the American Association for Higher Education) for additional information on programs to individual faculty and institutions is described and a bibliography is included. (SW)