Your Career: How to negotiate compensation

As a current or future administrator, you need to know the pros and cons of this career path for your personal finances. ADVERTISEMENT [Your Career Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. As a current or future administrator, you need to know the pros and cons of this career path for your personal finances A key source of anxiety among leaders is the all-important yet little-discussed topic of salary and other forms of remuneration. Of course that isn’t much of a problem for higher ed’s super earners. Presidents already have plenty of expertise at their disposal from accountants, recruiters, and lawyers who specialize in negotiating high-level contracts. So do some deans and provosts at wealthy institutions. But at nonelite campuses, that’s not the case for the vast majority of academic administrators — chairs, deans, and the ones with “vice” or “associate” in their titles — who don’t have access to expensive compensation experts. In fact, many would-be and first-time leaders have never seen an administrative contract, let alone negotiated one. In the privacy of a small group, you might admit that one of your motivations for moving up the ranks is to earn more money. But you can’t say that in the hiring process, at least if you actually want the job. Some candidates have trouble raising compensation issues even at the point of the hiring process when they should — that is, when it’s time to negotiate the terms of a job offer. Like many of those candidates, you may not know which questions to ask, and fear that even seeking advice about it would make you appear “greedy.” Yet it’s entirely legitimate and not avaricious to ponder the financial fallout of a new job for you and your family. Continue reading: “[Admin 101: Let’s Talk Money]( by David D. Perlmutter Share your suggestions for the newsletter with Denise Magner, an editor at The Chronicle, at denise.magner@chronicle.com. If you’d like to opt out, you can log in to our website and [manage your newsletter preferences here](. ADVERTISEMENT SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to essential news, analysis, and advice. Upcoming Workshop [The Chronicle's Crash Course in Academic Leadership | August 2024] If you’re curious about becoming an academic administrator, we’re once again offering The Chronicle’s Academic Leadership Crash Course, a four-hour virtual workshop designed for faculty aspiring to administrative roles. Join us in August to gain essential insights, practical tips, and valuable resources that will help you pursue your next professional step. [Learn more and register!]( LATEST CAREER ADVICE, OPINION, AND NEWS ADVICE [Colleges Need to Train Their Interim Leaders. Here’s How.]( By Richard Badenhausen, Marcy Brown Marsden, and Clay Motley [STORY IMAGE]( With temporary appointments on the rise, how can higher ed position short-term administrators to succeed? ADVERTISEMENT [Colleges Need to Train Their Interim Leaders. Here’s How.]( ADVICE [6 Ideas to Perk Up Your First Day of Class]( By Kristi Rudenga [STORY IMAGE]( How to start the semester in ways that will pay off for the rest of the course. THE STATES [College Attainment. Graduation Rates. Faculty Pay. How Does Your State Stack Up?]( [STORY IMAGE]( Explore how each state compares with one another and with the nation on demographics, college enrollment, diversity, tuition costs, and more. DATA [How Diverse Are College Staffs? Take a Look at the Data.]( By Nick Perez [STORY IMAGE]( We’ve just updated our statistical snapshots of minority employees in higher education, reflecting figures from 2018 to 2022. 'PERPETRATORS ARE OFTEN FACULTY' [Colleges’ Title IX Offices Operate Behind Closed Doors. This Researcher Got a Look Inside.]( By Alex Walters [STORY IMAGE]( Nicole Bedera, a sociologist, learned that the spectrum of campus sexual-misconduct cases — who’s involved and what cases look like — is much broader than people think. FROM THE CHRONICLE STORE [Adapting to AI - The Chronicle Store]( [Adapting to AI]( Artificial intelligence has taken higher ed by storm, and the implications extend far beyond the classroom. [Order this report]( to improve your understanding of AI technologies, and explore how other colleges are adapting their policies and guidelines. What we’re reading Here’s more on career issues and trends from around the web. See something we should include? [Let me know](mailto:denise.magner@chronicle.com?subject=Your Career feedback). - The [Work Friend]( column in The New York Times offers advice on “how guilty” you should feel about leaving a supervisor who gave you “your first big break.” - In the Harvard Business Review, 35 leaders talk about [their first year]( as a chief executive. - A [report]( in The Wall Street Journal finds that, “after a pay boom, raises are shrinking.” MORE CAREER RESOURCES [The Chronicle’s Academic Leadership Crash Course]( [STORY IMAGE]( UPCOMING: August 23rd or August 24th, 2024 | The Chronicle is partnering with the experienced faculty members and administrators at Dever Justice LLC on a fast-paced course for academic professionals looking to advance their skills in preparation for administrative roles. This four-hour workshop will provide key insights for new and aspiring academic administrators on the inner workings of taking on an administrative position—from application all the way through the transition. [Register here.]( [The Student-Success Journey: Beating the ‘Sophomore Slump’]( [STORY IMAGE]( UPCOMING: August 22, 2024 | 2 p.m. Join us for a virtual forum on beating the “sophomore slump.” You will learn how colleges are driving retention by emphasizing the second year rather than the first. With Support From Mongoose. [Register here.]( [Chronicle Festival: The Road Ahead to 2035]( [STORY IMAGE]( UPCOMING: September 10-12, 2024 | Join us for our annual ideas summit, on how higher education must plan now for student demographic shifts, rapid technological change, an uncertain labor market, and more. What can your institution do to adapt? With Support From Workday, University of South Florida, New Jersey Institute of Technology, Florida International University, Google, and Strada. [Register here.]( DATA [How Diverse Is Your College’s Faculty?]( [STORY IMAGE]( Explore this searchable, sortable table showing the race, ethnicity, and gender of full-time faculty members at 3,300 colleges and universities since 2018. JOB OPPORTUNITIES [Search thousands]( of faculty, administrative, and executive job openings and [upload your resume]( to be searchable by employers! [Assistant Director of the Newell Center for Arts Technology (NCAT)]( St. Lawrence University [Associate or Full Professor of Operations Management/Statistics]( Culverhouse-ISM CAREER RESOURCES [Finding a New Job] [Read the August collection]( for advice on finding a new job. Learn how you can start preparing for the fall job search now, how to find jobs overseas, and more. 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