New programs are needed to meet changing market. Faculty nearing retirement are at the top of the salary scale. New faculty normally start near the bottom of the salary scale. NMC has many talented adjunct faculty interested in full time positions The Situation . Many faculty nearing retirement are interested in an early retirement plan.
Personal costs are the largest portion of the college budget.
Some of the college's programs need either modernization or elimination. According to College policy, faculty displaced by program elimination or down-sizing will need to be retrenched or replaced or both. According to several community and student listening sessions, NMC needs to be offering new or updated transfer, training and vocational programs. Should NMC choose this as an initiative in 1998-99, it will create a smoother transition as NMC begins new programs in response to market analysis. Displaced faculty will have an attractive option to retraining and the College will financially benefit by saving considerable retraining expense as well as the retirement by some higher paid faculty.