Faculty Planning

Accurately manage your college or university’s largest operating expense with total accuracy and confidence. Faculty and administrative staff compensation can account for up to 80% of a complete budget. By planning for this critical operating expense from the bottom-up, universities can allocate resources efficiently and reduce the need for tuition hikes, ensuring education is accessible to a broader range of students.

Detailed planning at the individual faculty level helps ensure each department—from undergraduate programs to research units—is appropriately staffed and able to meet teaching loads, student enrollment targets, and program requirements. Develop comprehensive faculty staffing plans with integrated calculations for salaries, insurance, retirement contributions, and other expenses. By leveraging faculty-specific attributes like tenure status, subject expertise, or research output, you can drive accurate cost allocations that align with academic and research revenue streams.

Prophix One FP&A Plus facilitates collaborative planning across academic, financial, and administrative departments, helping you locate the ideal mix of professors, adjuncts, and teaching assistants. This cross-functional approach supports revenue objectives by aligning faculty capacity with student enrollment and program needs, while efficiently allocating teaching resources. In-platform collaboration reduces unexpected costs and ensures input from those closest to teaching operations, allowing for a strategic, data-driven staffing plan that aligns with both educational and financial goals.