Kent State to Offer Second Round of Voluntary Employee Buyouts

Kent State University’s Board of Trustees approved a second round of voluntary buyouts for eligible full-time faculty, reported. This comes as part of Kent State’s efforts to cut costs amid the COVID-19 pandemic.

Kent State University E1607010876306The first round of this voluntary separation incentive program took place in May, wherein 292 faculty and staff took the buyouts to get approximately three months salary and benefits for a limited time, saving the school approximately $26.5 million.

Kent State also offered a ‘voluntary transitional opportunity’ for retired faculty members to return on a part-time basis.

The school has had higher enrollment than expected and seems to be stabilizing financially.