Cabinet Confirms Board Recommendation for Employment Cap
At its meeting last Thursday, the President’s Cabinet confirmed the terms of the College’s employment cap, which was established at the direction of the Board of Trustees at its last meeting. The hiring cap will prohibit filling vacant positions until Jan. 31, 2009. The Board will review the hiring cap at its meeting on Jan. 23, 2009, in conjunction with a review of the College’s financial position. Based on its review, it could decide to end the cap before Jan. 31 or extend it further into the fiscal year. The cap is one component of an institutional effort to respond to the recent economic downturn by achieving a $1.7 million savings target in the 2008-09 fiscal year.
For more detailed information on the College’s financial position, view Vice President for Finance Pete Michell’s Oct. 14 presentation.