Assessing the cost-effectiveness of university academic recruitment and promotion policies

Thanassoulis, Emmanuel, Sotiros, Dimitrios, Koronakos, Grigorios and Despotis, Dimitrios (2018). Assessing the cost-effectiveness of university academic recruitment and promotion policies. European Journal of Operational Research, 264 (2), pp. 742-755.

Abstract

This paper develops an approach for higher education institutions to assess the economic efficiency of their recruitment and promotion practices concerning academic staff. Research output potential is a key criterion in most academic appointments. Generally, there is a long lead time between the conduct of research and its ultimate value in the form of disseminated knowledge. This means higher education institutions usually reward financially staff on the prospect of research output, albeit on the basis of research outputs achieved up to the point of recruitment or discretionary salary rise (e.g. through promotion). We propose a Data Envelopment Analysis (DEA) model which can be used retrospectively to set salary costs against corresponding research outputs achieved as a measure of the financial efficacy of past recruitment and promotion practices. The analysis can identify potential issues with those practices and lead to improvements for the future.

Publication DOI: https://doi.org/10.1016/j.ejor.2017.06.046
Divisions: Aston Business School > Operations & information management
Aston Business School
Aston Business School > Operations & information management research group
Additional Information: © 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: data envelopment analysis,academic recruitment,cost efficiency,academic promotion,Modelling and Simulation,Management Science and Operations Research,Information Systems and Management
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Related URLs: http://www.scopus.com/inward/record.url?scp=85024119539&partnerID=8YFLogxK (Scopus URL)
https://www.sciencedirect.com/science/article/pii/S0377221717305878 (Publisher URL)
Published Date: 2018-01-16
Published Online Date: 2017-06-27
Authors: Thanassoulis, Emmanuel ( 0000-0002-3769-5374)
Sotiros, Dimitrios
Koronakos, Grigorios
Despotis, Dimitrios

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