How could this be avoided?
(1 page with textbook reference + two additional references)
- Up until recently, the Fair Labor Standards Act overtime pay rule was on the minds of all budget managers. Although there was good intention behind the act, it would have been one of the largest budget pitfalls higher education has ever seen.
Please read this Inside Higher Ed article and discuss what the future would have looked like if this act would have went into effect. How could institutions continue at the same level of production and afford the overtime? What areas would need to be sacrificed?
(1 page with textbook reference + two additional references)
- Please find an academic article discussing successful budget management strategies and share which you believe is the best advice for future/current managers. Why is that important for others to know and apply to their work?
(1 page with textbook reference + two additional references)
Textbooks:
Barr, M. J. & McClellan, G. S. (2011). Budgets and Financial Management in Higher Education. San Francisco, CA: Jossey-Bass. (ISBN 978-0-470-61620-8)
Barr & McClellan ch 6 and Wexler
