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Fidelity Investments & The Chronicle of Higher Education Study: More Than Half of College…


first_img Twitter Facebook Fidelity Investments & The Chronicle of Higher Education Study: More Than Half of College and University Faculty Considering Leaving Teaching, Citing Burnout Caused by Pandemic WhatsApp By Digital AIM Web Support – February 25, 2021 Local NewsBusiness TAGS  Pinterestcenter_img Twitter Pinterest BOSTON–(BUSINESS WIRE)–Feb 25, 2021– While the COVID-19 pandemic has impacted just about every area of the employment landscape, faculty at colleges and universities have faced a significant amount of change around their roles and work environments. As a result, more than half (55%) of faculty at higher education institutions have seriously considered either changing careers or retiring early, according to a survey 1 from Fidelity Investments and The Chronicle of Higher Education. The research, which includes responses from more than 1,100 faculty members, was designed to examine the impact the pandemic has had on faculty over the last year and provide insight on how colleges and universities can address the evolving needs of their faculty during this unique period. The survey focused on how the pandemic is affecting faculty in several areas – the mental and emotional toll, the impact on career direction and satisfaction, and how faculty felt about their institutions’ response to the pandemic, especially in terms of safety and support for the shift to remote learning. The study also asked faculty to compare their current mindset to how they felt in 2019. Here are some of the key findings:Faculty members are emotionally drained and discouraged. The percentage of faculty that reported being stressed, angry or fatigued doubled when compared to percentages that felt this way in 2019. According to the survey, 69% faculty felt stressed, compared to 32% in 2019, while 35% of faculty felt angry in 2020, compared with only 12% in 2019. And 68% felt fatigued, compared to 32% in 2019.Female faculty have been disproportionately impacted by the pandemic. Female faculty report feeling overworked and overwhelmed as a result of the pandemic, which could be due to the fact that many have additional childcare responsibilities or may be caring for elderly parents. Among female faculty, the percentage feeling stressed climbed to 75% in 2020, compared with just 59% of male faculty and more than double the 34% of female faculty that felt stressed in 2019. Among female faculty, 82% indicated their workload has increased as a result of the pandemic, compared with 70% of male faculty. In addition, 74% of female faculty indicated their work/life balance has deteriorated in 2020, compared with 63% of their male counterparts.Career satisfaction is low, and many faculty members are considering changing careers or retiring early. More than half (55%) of faculty have seriously considered either changing careers and leaving higher education or retiring early – this includes more than a third (35%) of tenured faculty who are considering leaving higher education for another career. In addition, more than a third of tenured and non-tenured faculty reported low career satisfaction – 40% among tenured professors and 33% among the rest of the faculty.However, they do appreciate their institution’s response to the pandemic. More than half of faculty (53%) indicated they feel their institution views faculty safety as a top priority, and many felt their institution was trying to support their work and personal lives during the pandemic – 50% said their institution’s efforts to support faculty in their work and lives during the COVID-19 pandemic was very or somewhat good. “These survey results illustrate that the pandemic has pushed many faculty members to the verge of burnout,” said Debra Frey, Head of Tax-Exempt Marketing & Analytics at Fidelity Investments. “They’ve been asked to adapt to an uncertain and constantly-changing work environment over the past year, while also dealing with personal challenges brought on by COVID. This has left many feeling overworked, fatigued and wondering if they even want to continue to be an educator. And while the survey shows that many faculty are struggling, women are experiencing even greater levels of stress and deterioration of their work/life balance.” Loss of Faculty Could Have Long-Term Implications on the Higher Education Landscape An experienced, diverse faculty plays an important role in the success and industry standing of many colleges and universities, and many higher education institutions have been intensely focused on the management and development of their faculty over the last decade, or longer. Acquiring and retaining faculty, including younger faculty, with the best skills and experience, creating a diverse and representative workforce, and creating career opportunities to retain their top faculty has been part of a long-term organization strategy for many institutions. Losing faculty to early retirement or a career change may be something that can be addressed in the short term, but it could take many years for some institutions to get back to their pre-pandemic status. Taking a Total Well-Being Approach Can Help These Challenges As the higher education landscape continues to evolve, many institutions are considering how they can use their workplace benefits programs to help address some of the challenges their faculty are facing. Using data-driven insights and analysis can help institutions identify employee trends and behaviors, and providing a holistic benefit offering to support health, work, life and financial well-being can help colleges and universities provide their faculty members with resources to addresses their specific needs. Fidelity Investments works with thousands of colleges, universities and not-for-profit organizations to help them address a variety of employee needs, and offers a suite of benefit solutions ranging from financial wellness and retirement to health care and student debt, as well as a Life Events hub to help employees plan for and manage major life milestones. In addition, Fidelity recently launched a program, Women Talk Money, specifically designed for women to help address their unique life and work challenges. “The pandemic has forced many higher education institutions to re-think their delivery model, while also ensuring that faculty and staff have the resources and support they need to perform effectively,” added Frey. “It’s also important for colleges and universities to recognize the challenges their faculty are facing outside of the classroom – and take a fresh look at their benefits offering to help address their personal needs as well so faculty can return to feeling motivated, inspired and enthused about the long-term outlook for a career in higher education.” About Fidelity Investments Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $9.8 trillion, including discretionary assets of $3.8 trillion as of December 31 2020, we focus on meeting the unique needs of a diverse set of customers: helping more than 35 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 47,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company. About The Chronicle of Higher Education From breaking news to key insights to real-world advice, The Chronicle of Higher Education is dedicated to serving academic leaders and professionals. The Chronicle’s newsletters, subscriptions, special reports, virtual events, and exclusive data projects provide a comprehensive view of the latest trends and critical issues affecting academe. For more than 50 years, higher-education professionals from around the world have trusted The Chronicle’s in-depth reporting and analysis to understand their world and make informed decisions. For more information, visit www.chronicle.com. The Chronicle of Higher Education and Fidelity Investments are independent entities and are not legally affiliated. Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917 Fidelity Distributors Company LLC 500 Salem Street, Smithfield, RI 02917 National Financial Services LLC, Member NYSE, SIPC 200 Seaport Boulevard, Boston, MA 0211 968530.1.0 © 2021 FMR LLC. All rights reserved. ———————————————————————————— 1 The survey was conducted with the Chronicle of Higher Education and was based on 1,122 online survey responses from faculty at two- and four-year colleges and universities across the U.S between October 13, 2020 and October 29, 2020. Of these, 48% were tenured faculty, 11% were tenure-track, 16% were non-tenured, and 25% were part-time or adjunct faculty. View source version on businesswire.com:https://www.businesswire.com/news/home/20210225005616/en/ CONTACT: Corporate Communications (617) 563-5800 [email protected] Mike Shamrell (617) 563-1996 [email protected] Follow us on [email protected] VisitAbout Fidelityand our onlinenewsroom KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: WOMEN HUMAN RESOURCES FINANCE CONSULTING BANKING ACCOUNTING PROFESSIONAL SERVICES UNIVERSITY CONSUMER EDUCATION SOURCE: Fidelity Investments Copyright Business Wire 2021. PUB: 02/25/2021 08:40 AM/DISC: 02/25/2021 08:41 AM http://www.businesswire.com/news/home/20210225005616/en WhatsApp Facebook Previous articleThe Latest: Fauci: Whatever vaccine is available, take itNext articleCobalt Iron Secures Patent for Automatic, Dynamic Data Collection in Response to Detected Events and Conditions Digital AIM Web Supportlast_img read more


Power as Big as Your Ideas


first_imgThe family that brought you the world’s smallest, the world’s thinnest and lightest, the world’s most manageable, the world’s most powerful AND the world’s first Ready for VR mobile workstations is at it again, this time with faster memory, professional-grade graphics and the latest 8th Gen Intel® Core™ i7+ vPro™ processor and Intel® Xeon® processor that are unsurpassed.With an impressive industrial design and innovative features to boost performance, like the Dell Precision Optimizer and 4K InfinityEdge display, this new series of fully customizable Dell Precision mobile workstations is perfect for both creative collaborations and for running the most demanding professional software. Our high-end 7000 Series are also up to 15 percent smaller in size, so your customers can now handle bulky projects without the bulky hardware.On top of that, each of these workstations is certified with the professional applications your customers need to deliver their best work. Together with a complete array of accessories, including state-of-the-art docking solutions, it’s easy to see why Dell Precision workstations are the #1 workstations in the world.Where the Competition Can’t CompeteDell Precision has many advantages over its competitors – one being Dell Precision Optimizer. Your customers shouldn’t have to waste hours manually setting up their workstations just to get the best possible Independent Software Vendor (ISV) application performance when they can set it up at the touch of a button. The Dell Precision Optimizer will automatically tune their Dell Precision workstation to the software they’re using, delivering performance gains of up to 394 percent2 and allowing them to get on with their mission-critical work. Our top competitor can’t come close to that claim.3 If that’s not enough, the latest version of Dell Precision Optimizer will use machine learning to identify optimization opportunities and apply performance improvements as it runs.You can further help get your customers’ Dell Precision workstations up and running faster than ever before with ProDeploy Plus. With ProDeploy Plus your customers can save up to 35 percent of deployment time4. We load their image on their new Dell Precisions in our factory which accelerates the deployment of software like heavy CAD and design packages. Your customers receive their workstations ready to use straight from the factory. They’ll also receive a single point of contact for project management and service delivery, including up-front deployment planning, configuration, data migration and knowledge transfer. Precision Peripherals With a PurposeThe days of eDocks on our Dell Precisions are a thing of the past. And although this takes some getting used to, the benefits are undeniable. Our Dell Thunderbolt™ Dock allows your customers to connect their Dell Precision to a single data and power source that delivers up to 130W of power for the ultimate display performance. Your customers will enjoy faster data transfers and up to three FHD displays or two 4K displays. Customers can keep their performance topped up with Dell ExpressCharge™ technology, which can charge their Precision battery up to 80 percent capacity in about an hour and to full capacity in 2 hours5.Speaking of displays, the Dell 27” UltraSharp Monitor with Premier Color (UP2716D) is the perfect display for ideal color coverage and incredible clarity on color-critical projects. Your customers can realize their creations in real time and enjoy an exceptional viewing experience made possible by ultrathin bezels, stunning resolution and ultrawide viewing.Whether your end users are designers, video and photo editors, engineers or architects, having access to an interactive workspace that lets them naturally create in the digital world is an incredible advantage. The Dell Precision 5000 or 7000 Series can help break the boundaries of their traditional workspace when it powers the Dell Canvas. The revolutionary “do” surface interacts seamlessly with Dell Precision workstations to encourage hands-on collaboration with 20 points of touch recognition for exact replication of what was imagined.VR and AR Solutions for ProfessionalsWe work closely with our hardware and software partners to bring you Ready for VR solutions optimized for creation and utilization in collaboration with professional ISV applications.The new Dell Precision mobile workstation series is the perfect platform for virtual reality (VR) and augmented reality (AR) content creation and advanced commercial visualization. They’ve been upgraded with the latest 8th Gen Intel® Core™ i7+ vPro™ processor and Intel® Xeon® processor that have more cores and performance for multi-threaded applications that are ideal for professional modeling, analysis and calculations. But don’t take our word for it; try out our Dell Precision virtual reality game to get your sales team engaged with the latest suite of products.Communicate With PrecisionWe’ve created a set of marketing assets that will help expand your revenue potential by pinpointing your customer communication on the benefits of the new Dell Precision mobile workstations.You can add your own personal touch to these marcom assets for deeper engagement, while the quick-reference call scripts provided will equip your sales force with the right answers when engaging customers.All the assets are available for download on the Digital Marketing Platform, so that you can deploy the email and social content directly to your customers from the tool.If you don’t have access to the Digital Marketing Platform, please register here.You can also download the newest Dell Precision Family Brochure now available and tune into the webinar find out how you can transform your customers’ workplace into a hub of productivity.___________________________________________________________________________________________________1 IDC WW Quarterly Workstation Tracker, Q3 2017, November 2017, Statistical tie with HP Inc. Based on Units sold.2 Based on Dell internal testing, July 2017, using the SPECapc Creo 3.0 Wireframe Graphics benchmark test comparing a Dell Precision 7920 Rack with Dell Precision Optimizer vs. the same system with factory standard settings. Actual performance will vary based on usage, configuration, and manufacturing variability.3 In comparison to Hewett-Packard’s Performance Advisor (HPPA) UI, which offers no auto tuning.4 Based on May 2016 Principled Technologies Report commissioned by Dell. Testing results extrapolated from a 10-system deployment to project time savings for larger deployment compared to in-house manual deployment. Actual results will vary. Full report5 Dell ExpressCharge dramatically reduces time to charge – get up to 80% of your Dell system charged in an hour and fully charged within 2 hours. Based on Dell internal analysis, November 2017.last_img read more


The importance of boundaries in leadership (and life)


first_imgOn a recent Wednesday night, I was attending a parent association meeting at my children’s school to talk about upcoming events. These meetings have historically run long; sometimes going until 9:30 p.m. or later. I go to bed at 9:30 on weeknights, so the day after these meetings, I always wake up feeling tired and sluggish. Before long, these meetings were negatively impacting my week. I realized I have a choice in this situation—I could continue staying until the meeting ends and feel tired and frustrated each time, or I could come up with a better solution that worked for me. So instead of feeling obligated to stay until the end of the meeting, I created a boundary: for weeknight meetings, I would leave by 8:30 p.m. No exceptions. I let the president of the parent association know ahead of time, and at the next meeting, I collected my things at 8:30, said goodbye, and headed home.  Boundaries are an essential part of leadership. Without boundaries, our days become a haze of activities without any focus. We end up feeling busy all day without accomplishing anything of value.Are there any boundaries you need to create in your life?I like to think of it this way:Boundaries create structureStructure creates freedomBoundaries allow you to focus and work at your peak. The purpose of boundaries is to protect your time and energy so you can work at your best. So you can be your best. Below are some examples of leadership boundaries that can help protect your time and energy:Closing your door to work on an important projectTelling your employees you are not available for the next two hours so you can work on a projectTaking a lunch break every day to give your brain a restNot accepting a meeting request without an agendaProtecting the first half hour of your workday to get focused and review your priorities for the dayLeaving the office no later than 6:00 each dayNot checking email on weekendsNot working at all on vacation (this is a boundary I am implementing in a couple weeks!)When you don’t have boundaries, everyone else’s emergencies become your emergencies. You find yourself reacting to everyone else instead of focusing on what is important to you and your success. Below are some of the personal and work boundaries I’ve put into place to protect my time and energy:Prioritize my to do list and focus on two high priority activities a daySchedule productivity sprints (blocks of time in my calendar) to focus on one thing at time (typically these sprints are between one and two hours each)Close my email and put my phone out of sight when I am doing a productivity sprintGo to bed by 9:30 p.m. on weeknightsNo weeknight meetings after 8:30 No alcohol on weeknightsNo work after 6:00 p.m.Phone stays in the kitchen at night (not in the bedroom)Maximum of one alcoholic beverage at a dinner or event (unless it’s a really long event like a wedding, where I allow myself two glasses)You may be thinking; does she have any fun? Yes, I do. What these boundaries do is ensure that my energy is at its peak. I facilitate leadership programs and speak in front of people at least three times a week, and feeling rested, energized, and at the top of my game is vitally important for my business and the results my clients get. Having a glass of wine on a Tuesday night may not seem like a big deal, but it results in me not sleeping as well that night and feeling groggy in the morning, which undermines my performance. That boundary is a structure I use to keep myself at my peak. Having structures also cuts down on the decisions you have to make, which frees up mental space and energy. As humans, we make thousands of decisions every day—everything from what to wear to who to hire. Having boundaries and structures in place keeps you from having to make simple decisions that drain your energy. Some CEOs create structures to simplify their lives as much as possible. Mark Zuckerberg, CEO of Facebook, and Don Tyson, former CEO of Tyson Foods, wear the same outfit every day, as did the late Steve Jobs. This is one less choice they need to make each day. An important part of leadership is being able to keep yourself—and your team—focused. In today’s world, it’s challenging to keep your mind focused on what’s important. Without boundaries, you end up wasting your hours and ultimately your days. Developing boundaries creates the structures you need to keep your leadership—and your life—on track. 31SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Laurie Maddalena Laurie Maddalena is a dynamic and engaging keynote speaker and leadership consultant. She writes a monthly online column for next generation leaders for CUES and has published articles in Credit … Web: www.envisionexcellence.net Detailslast_img read more


Clear Lake Veterans Memorial dedicated (AUDIO/VIDEO/PICS)


first_imgCLEAR LAKE — Dedication ceremonies were held Monday afternoon for the Clear Lake Veterans Memorial. Six large black marble slabs are mounted on the walls outside the VFW Post 4868 building which face the courtyard at the southern corner of 3rd and Main blocks away from the lake.Eldon Vine talking at Monday’s Clear Lake VFW ceremonyMemorial committee chairman Eldon Vine, a Korean War veteran who served in the United States Marine Corps, was the keynote speaker for the ceremony. Part of his talk revolved around a granite bench that’s also part of the memorial right outside the VFW front doors that carries the inscription “All Gave Some – Some Gave All”. Vine says all servicemen that went through basic training endured a vigorous time of instruction that had a lasting impact. “That seems unnecessarily cruel, but there is a method or a reason for that. Certainly when someone survives that basic training, they no longer are naive about the world. They know that life is tough, in other words they become tough-minded, and if you ever go to combat, you need to be as tough minded as you can be from the onset. A lot of people criticize this rather rigorous early training, but it does have a purpose. I know I hated it at the time too, but as time passes you realize it’s better.” Vine says the final three words of that line, “Some Gave All”, are very self-explanatory.  “Of those who experience all these other things, in combat or other perilous duty, end up being Killed In Action, killed in the line of duty, or they end up being Missing In Action, which is sad, that means at some point, the person dropped out of sight. We had a number of Missing In Action people in Korea. In another category, some because of combat end up really shattered in both body and spirit, also bad. So that’s ‘giving it your all. ‘All Gave Some — Some Gave All’,  that summarizes it.” Any veterans or families of veterans who haven’t placed a name on the wall can get more information from the VFW. You can listen back to Monday’s full ceremony via the audio player belowlast_img read more




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