Challenge: The depressed economic activity brought on by the pandemic reduced the availability of funding for public higher education. As a result, many schools have been forced to furlough or lay off staff. As of October 2020, employment in state government education dropped by 49,000 jobs and employment in private education fell by 69,000 jobs according to data from the U.S. Bureau of Labor Statistics.
Some experts predict academic institutions will feel the economic impact of the pandemic for many years to come. Some public institutions never fully recovered from heavy cuts to their budgets in the wake of the Great Recession. This may also be the case for post-pandemic colleges and universities, and state disinvestment in higher education could become the norm.
However, these short- and long-term budgetary constraints stand in contrast to higher education’s need for more IT support.
How a managed service provider can help: Instead of making the costly decision to hire full-time employees to fulfill these specific needs, universities can save money by partnering with an MSP. For example, higher education institutions might not need a full-time server specialist or desktop support technician—with an MSP, instead of committing to the ongoing financial burden of hiring more employees, colleges and universities make one monthly payment for a specific kind of IT support or expertise as-needed.