William “Randy” Woodson has been frank about his intentions to shake things up since he moved halfway across the country from Indiana’s Purdue University to become N.C. State University’s chancellor last year.
More than doubling NCSU’s endowment to about $1 billion. Recruiting more tenure-track faculty to better serve a student population that has grown rapidly in the past decade. Woodson has repeatedly put these two priorities on the top of his to-do list. He did so again when he spoke Sept. 20 at the Triangle Area Research Directors Council in Research Triangle Park.
But he went further, telling TARDC members how another budget cut – NCSU lost about $80 million, or 15 percent, in the current school year – has made strategic restructuring necessary. To bolster NCSU’s research budget and educate top-notch graduates in science, technology, engineering and math, the NCSU model has to change, he said.
“Our goal shouldn’t be to be the biggest,” Woodson said. “We’ve got to be an engine for the economy of the state.”
The 15 percent budget cut – the largest in three years of state revenue shortfalls – prompted NCSU to pool resources rather than cut across the board. Courses were cut, administrative staff laid off, programs consolidated. NCSU lost about 780 employees, Woodson said.
Tuition increased. Although NCSU received about 20,000 application for about 4,000 student spots this year, Woodson said he knows he’s not popular among students fearful of further increases. But the adjustments were necessary.
“We didn’t ask for the model to be changed,” he said.
To further bolster revenue and research, NCSU is stepping up its efforts of marketing technologies developed in its labs and is getting more involved in helping the state and the region recruit companies. (More on NCSU’s economic development efforts here.)
In 2010, NCSU spun off four companies and took in $5.1 million in royalties, Woodson said. He would like to see the number of spinoffs double to about eight or 10 a year, he added.
To recruit more tenure-track faculty – graduate enrollment has increased nearly 50 percent in the past 10 years while new faculty enrollment rose only 2 percent during the same period – Woodson said NCSU established a faculty recruitment program and funded it with $5 million.
An issue he’s also burning to address: NCSU’s ability to raise salaries to prevent faculty from being raided.
Currently, a raise requires a letter from another university offering a faculty member a job with a higher salary. By that time, the faculty member has very likely already decided to leave and NCSU offering a pay raise comes too late, Woodson said.