Financial Bottom Line: Estimating the Cost of Faculty/Adjunct Turnover and Attrition for Online Programs
Turnover and attrition of online faculty and adjunct faculty is a reality. While there are no reported national statistics or data on annual turnover/attrition for online faculty/adjunct, the overall costs of recruiting, training, and replacing faculty/adjunct can be staggering. Moreover, the short and long term effects of online faculty/adjunct who are not properly trained through recruitment and retention plans can result in faculty/adjunct attrition, student attrition, low graduation rates, legal action, and negatively affect the reputation of an institution. Therefore, online programs administrators must be cognizant of â€œcostsâ€ associated with faculty/adjunct turnover/attrition and understand the inherent importance of recruitment, retention and incentive plans related to program sustainability.