Faculty activity reporting savings calculator

Faculty activity reporting savings calculator

Faculty activity reporting

Discover how much time and money your institution could save with faculty activity reporting.

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Faculty activity reporting solution

A digital faculty activity reporting solution will change how you acknowledge your faculty’s accomplishments, promote university successes to key stakeholders, and evaluate faculty performance.

The system helps collect, manage, and monitor essential data comprising the entire faculty profile. With our faculty activity reporting solution, you can accelerate data entry, analyze information, and simplify various processes. As a result, faculties reduce costs and time spent on administrative work.

How it works

The faculty activity reporting savings calculator uses information such as the number of universities, departments, and faculties to provide an estimated amount of time and money you can save when implementing Watermark Faculty Success for faculty activity reporting.

This calculator lets you know what your institution could save by investing in a new solution to improve decision-making.

A faculty activity reporting solution will change how you leverage your faculty’s accomplishments, promote university successes to key stakeholders and evaluate faculty performance.

Tell us a little about your university…

… and we’ll tell you how many hours you’ll save using Watermark Faculty Success for faculty activity reporting.

When your faculty activity reporting system does the heavy lifting, you’ll have more time each year to spend on other priorities:

739

Faculty Reviews

Imagine a more comprehensive and consistent process.

+

32

Web Profile Updates

Share up-to-date accomplishments without IT support.

+

83

Data on Demand

Cut time spent reporting on faculty credentials, analyzing workload, and much more…

=

854 hours

Total Time Savings per Year

What could you do with the extra time?

In addition to your annual savings, when you onboard Faculty Success you can use CV Imports to bring in full faculty activity histories and seamlessly connect the system to your campus web profiles to save 1235 hours on upfront setup.

* These numbers are based on an estimate that your campus conducts 193 annual reviews, reviews 10 promotion & tenure cases, manages 193 faculty web profiles, and responds to 9 unique requests for faculty qualification reports, workload data, activity summaries, and more per year. Cost savings is calculated based upon $32/hr, the median Associate and Assistant Professor hourly rate computed from 2019-2020 CUPA-HR data.

Improve efficiency with a robust faculty activity reporting system

When your faculty activity reporting system does the heavy lifting, you’ll have more resources to apply to other priorities:

  • Imagine a more comprehensive and consistent process.
  • Share up-to-date accomplishments without IT support.
  • Cut time spent reporting on faculty credentials, analyzing workload, and much more.

Estimated Savings:

739

hours saved on faculty reviews

32

hours saved on web profile updates

83

hours saved with data on demand

$27,328

estimated total savings per year

Faculty activity reporting savings calculator

What could you do with the extra time?

In addition to your annual savings, when you onboard Faculty Success, you can use CV Imports to bring in full faculty activity histories and seamlessly connect the system to your campus web profiles to save 1675 hours on upfront setup.

* These numbers are based on an estimate that your campus conducts 193 annual reviews, reviews 10 promotion and tenure cases, manages 193 faculty web profiles, and responds to 9 unique requests for faculty qualification reports, workload data, activity summaries, and more per year. Cost savings is calculated based upon $32 per hour, the median associate and assistant professor hourly rate computed from 2019-2020 CUPA-HR data.

Take advantage of our savings calculator

With our faculty activity reporting savings calculator, you can estimate the potential cost savings of adapting the system to your faculty operations. Institutions can use the findings to determine areas where resources and time are wasted and highlight opportunities for improving efficiency, ultimately saving on costs.

Faculty activity reporting savings calculator

How did we get these numbers?

We conducted in-depth research using several resources to develop a faculty activity reporting savings calculator that provides an estimated return on investment (ROI). Learn more about our research process.

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Saving time and money is just the beginning. Contact us to learn more about the other benefits of Watermark Faculty Success.

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