MBA blogBy John Colley. Universities need a retention policy if they wish to retain senior teachers. Academics have traditionally been seen as somewhat dusty, risk-averse people, not usually associated with rapid change or job hopping for higher salaries. However, UK business schools have seen important changes in recent years. Significant numbers of senior academics are now moving between universities, and loyalty is becoming a thing of the past. The main driver of this relatively new behaviour is the offer of much higher salaries. This year, the data will be collected for the UK’s 2014 Research Excellence Framework (REF). This assessment considers and rates the quality of research undertaken by teaching staff over the past six years at each university faculty and school. The results are published and feed into many of the published league tables over the coming six years. The assessment is also used by the UK government to allocate research grants to universities. Read more...