We're a low-cost producer of what we do as far as job advertisement goes. We expect a possible upturn because schools are able to use us as a lower cost alternative without sacrificing quality or volume of posted positions.
Cincinnati, OH (PRWEB) March 06, 2015
Rick Friedman, President of ScholarlyHires.com, has noticed, much like everyone else, that the price of oil has seen dramatic decreases recently. What other people may not have noticed is that while the low oil prices benefit drivers, they are causing fiscal difficulties for colleges in oil-rich states such as Louisiana and Oklahoma.
As reported in the Daily Reporter on Feb. 17, 2015, states with large industries in oil and natural gas production have been hit especially hard by the falling oil prices, and have had to cut back spending budgets. One of the first areas to be hit with budget cuts is higher education. As states approach the 2016 fiscal review, they are cutting funding to both two-year colleges and four-year universities. Some analysts are expecting cuts to reach recession levels similar to those made in 2009, though exact numbers are impossible to predict at this stage.
"It's disappointing that this will have an impact on the ability for some states to continue to be competitive in attracting top talent and continue to grow programs which may be beneficial to the diverse economies that these oil rich states are trying to accomplish," Friedman stated. Without state funding, colleges will be unable to attract the type of diverse faculty and staff that are necessary to improve the institutions' reputations. "Everyone is really just stuck between a rock and a hard place," added Friedman.
It's not just administrative education jobs that will be affected by budget cuts. In Oklahoma, students at community colleges often produce machining tools. As oil prices rise, the colleges are forced to reduce production. As of February 26, Oklahoma plans to cut $650 million from its state budget.
ScholarlyHires.com will continue to operate without consequence, as it serves all parts of the United States, though applications for certain jobs are sure to decrease as production is placed on hold. Friedman, however, is optimistic.
"We're a low-cost producer of what we do as far as job advertisement goes. We expect a possible upturn because schools are able to use us as a lower cost alternative without sacrificing quality or volume of posted positions." While ScholarlyHires.com is incapable of taking action to affect the price of oil, they will continue to monitor the situation and offer the same incentives to job posters that they always have.
ScholarlyHires.com uses a state-of-the-art search engine to connect hiring professionals to university employees. Search categories include leadership, faculty, post-docs, administrative staff professionals. The ScholarlyHires.com team has years of experience in executive search and IT. To learn more, visit http://www.scholarlyhires.com.