Budgeting for Professional Development

Ideas & Perspectives
Ideas & Perspectives

Volume 36

No. 10//

August 8, 2011

In the recent research ISM carried out relating to faculty compensation and benefits, a corollary to the findings was this one: Schools are still underfunding professional development. In the chart below, the percent of budget spent by schools on professional development is 1% or less in 82% of responding schools. ISM’s Success Predictor No. 17 suggests that the appropriate amount is “roughly 2% of the total budget of expenses to be devoted to faculty professional development, plus an additional allocation of 1% of the total budget for support of professional development for nonteaching personnel (including Trustees).”
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