Voluntary severance plans for college employees offer a possible solution to the problem of limiting labor costs in an inflationary economy, particularly when mandatory retirement is eliminated. The severance package must be carefully budgeted, constructed, and communicated to the employees, and the institution must be disciplined in carrying it…

To cope with changing financial and demographic environments, colleges are encouraged to change management strategies. Suggestions are made for policy formation and improved use of human and material resources in the areas of fiscal management, student recruitment, staffing, campus management, academic programing, and links with business,…