Word: fas
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...Still, bringing in new faculty remains a top priority for some key peer institutions. While FAS has cut its searches from 50 to 21 to cut costs, Princeton and Yale have not reported slashing any hires...
...Harvard Economics had its two junior faculty searches cut to one during the hiring slow-down, and—with FAS money tight—was forced to dip into its own departmental reserves to pay for the search...
...Harvard’s decreased hiring reflects more than simple priorities. Yale and Princeton have been able to continue recruiting aggressively in part because they are less dependent on their endowment than FAS, which relies on endowment funding for over half of its budget...
...FAS leader declined to elaborate on the source of the funds used to finance the new searches, save that some of them had been made possible by vacancies in endowed professorships, which are supported by restricted funds specifically reserved for departmental teaching positions...
...wake of December’s hiring slowdown, Smith—who has the final word on authorizations of faculty searches—said he has been working with departments and divisional deans to find more faculty searches that FAS can afford...