College athletics is a big business.
Quote from the Godfather than sums this up:
Michael: It’s not personal, Sonny. It’s strictly business.
The AD in this case Lyke is repsonsible for the budget and controlling costs.
Recently Lyke hired new coaches, extended other coaches, so I'm sure Lyke has one eye on how the Pitt athletic expenditures compare to budgeted expenditures.
As a competent executive Lyke is looking at areas where she can save some money to offsett over budget expenditures.
HR runs Comp calculations which rate jobs and assign a low - mid- and max compensation rate for each job in an organization.
If a person stays in one job for their career they usually exceed the max comp rate and if they're not offering something extra their value to the organization declines.
In a budget "squeeze" other than non comp controllable costs, comp is the first place good executives look to cut costs! This is a perfect example of a cost savings opportunity. Bring in a new person at probably half the cost of this senior employee. This person should be able to retire with some incentive severance pay from PITT.
People costs are big bucks because they include base pay, + benefit costs.
"it's five o'clock somewhere"
Signed: Mr Buffett
Go PITT & CSU Rams!
Quote from the Godfather than sums this up:
Michael: It’s not personal, Sonny. It’s strictly business.
The AD in this case Lyke is repsonsible for the budget and controlling costs.
Recently Lyke hired new coaches, extended other coaches, so I'm sure Lyke has one eye on how the Pitt athletic expenditures compare to budgeted expenditures.
As a competent executive Lyke is looking at areas where she can save some money to offsett over budget expenditures.
HR runs Comp calculations which rate jobs and assign a low - mid- and max compensation rate for each job in an organization.
If a person stays in one job for their career they usually exceed the max comp rate and if they're not offering something extra their value to the organization declines.
In a budget "squeeze" other than non comp controllable costs, comp is the first place good executives look to cut costs! This is a perfect example of a cost savings opportunity. Bring in a new person at probably half the cost of this senior employee. This person should be able to retire with some incentive severance pay from PITT.
People costs are big bucks because they include base pay, + benefit costs.
"it's five o'clock somewhere"
Signed: Mr Buffett
Go PITT & CSU Rams!
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