Economic Impact of the New Federal Salary Policy in Higher Education
The purpose of the study was to examine and describe higher education administrators’ perspectives regarding the 2016 proposed changes in FLSA policies, their response to the changes, and the effect of these changes on the economy of the higher education institutions. Higher education administrators from four-year colleges and universities in Tennessee were asked to complete a survey questionnaire. This survey was created to gather information regarding perspectives of higher education administrators on the perceived economic impact of adopting the 2016 proposed Fair Labor Standards Act policy changes on institutions of higher education in Tennessee. Data on the perspectives of higher education administrators was gathered through emails. Results indicated that there were no statistically significant differences in the perspectives of higher education administrators on the financial impact of adopting the 2016 proposed FLSA policy changes based on institutional demographics: A) Public and Private institutions, B) Respondent work experience in the position, C) Respondent department/division, and D) Number of Full Time Equivalent (FTE) staff members. Furthermore, there were no statistically significant differences in the perspectives of higher education administrators on the financial impact of adopting the 2016 proposed FLSA policy changes relative to the strategic plans (3-5 year) of the institution. This study showed that the perspectives of higher education administrators were important for institutions and administrators respectively. Higher education administrators needed to be aware of the salary policy changes and how those changes could affect the economy of the entire institution. Further research in this area is needed to explore how salary policy changes affect students, the employees, and the institution as a whole. Future researchers could examine how leadership styles in higher education affect external and internal fundraising (finances) of the higher education institution.
Accounting|Educational administration|Finance|Higher education|Education Policy|Educational leadership
Eckton Chikhulupiriro Chinyanga,
"Economic Impact of the New Federal Salary Policy in Higher Education"
ETD Collection for Tennessee State University.