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

Emmanuel Thanassoulis*, Dimitrios Sotiros, Grigorios Koronakos, Dimitrios Despotis

*Corresponding author for this work

Research output: Contribution to journalArticle

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.
Original languageEnglish
Pages (from-to)742-755
JournalEuropean Journal of Operational Research
Volume264
Issue number2
Early online date27 Jun 2017
DOIs
Publication statusPublished - 16 Jan 2018

Fingerprint

Cost-effectiveness
Cost effectiveness
Output
Higher Education
Wages
Education
Data Envelopment Analysis
Reward
Data envelopment analysis
Efficacy
Economics
Universities
Policy
Promotion
Research output
Costs
Salary
Higher education institutions
Model

Bibliographical note

© 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • data envelopment analysis
  • academic recruitment
  • cost efficiency
  • academic promotion

Cite this

Thanassoulis, Emmanuel ; Sotiros, Dimitrios ; Koronakos, Grigorios ; Despotis, Dimitrios. / Assessing the cost-effectiveness of university academic recruitment and promotion policies. In: European Journal of Operational Research. 2018 ; Vol. 264, No. 2. pp. 742-755.
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Assessing the cost-effectiveness of university academic recruitment and promotion policies. / Thanassoulis, Emmanuel; Sotiros, Dimitrios; Koronakos, Grigorios; Despotis, Dimitrios.

In: European Journal of Operational Research, Vol. 264, No. 2, 16.01.2018, p. 742-755.

Research output: Contribution to journalArticle

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