Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, said it’s seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts.
Will this affect the District’s mandate for single textbook adoption?
Just out of SAC College Council meeting:
The forced option of paying all faculty over 12 months instead of 9 months will not happen until Fall 2014. This will give those 200 affected faculty members more time to adjust and plan for those smaller monthly checks.
Audit Budget and Finance committee meets first at 5:30pm. See all agendas for all committees here:
Ample time to adjust? Faculty have already made decisions about whether or not to work this Summer and a decision about changing 9 month payouts to 12 months is only now being decided upon? 200 full time faculty will be affected. While faculty can appreciate the difficulties this change will solve for HR, HR doesn’t seem to fully appreciate the difficulties this change will create for 200 faculty members.
Click to enlarge.
District has informed the colleges that all faculty will be paid over 12 months beginning Fall 2013. This is to make operations easier for HR and payroll.
So for those faculty who are used to and prefer, perhaps even need a bigger paycheck each month for 9 months instead of spreading a 9 month salary over 12…?