CEO Corner

Boards and the Higher Ed Jobs Crisis

November 2022

By Henry Stoever, AGB President and CEO

As you prepare for your institution, foundation, or system’s next board meeting to assess progress toward your strategic priorities, I ask you to consider the board’s role in evaluating policies and practices that influence retention of your most important assets—faculty and staff.

Boards should understand higher education’s talent and employment trends and their impacts on the enterprise.

Employment trends link directly to your strategic priorities. They signal a meaningful realignment in higher education as an employer.

The data: A summer 2022 CUPA-HR survey found that out of 3,815 higher education staff members surveyed from 949 institutions, almost 60 percent said they were very likely, likely, or somewhat likely to look for new employment opportunities in the next year.

  • The top reasons for leaving? Roughly 76 percent said the need for increased salaries. Almost 43 percent said the opportunity to work remotely. Almost 32 percent said a more flexible schedule.

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Meet our president and CEO.

Henry Stoever

AGB President and CEO

Henry is focused on establishing college, university and foundation board members as indispensable, strategic partners with institutions to fulfill their unique commitments to society, advance student success and well-being, and enhance institutional vitality. He brings to AGB a deep understanding of the importance of citizen governance and a wealth of experience in building on the strengths of a member-focused organization.

Read Henry’s full bio

As AGB’s president and CEO, Henry is responsible for the leadership and operations of the AGB enterprise spanning AGB and AGB Search serving more than 1,300 boards, and representing more than 40,000 individual trustees, across more than 2,000 member institutions, systems, and foundations. Prior to joining AGB, Henry spent nearly 10 years at the National Association of Corporate Directors (NACD) – the largest association of corporate directors in the United States. Prior to NACD, Henry spent five years at Brazos Higher Education Service Corporation as SVP StudentLoans.com. He has also held several marketing leadership positions for CoStar Group, Inc., Sprint-Nextel Corporation, LexisNexis Group Inc., and Kraft Foods, Inc. Henry also served for five years in the United States Marine Corps, resigning at the rank of captain.

In addition to his service as a trustee for the United States Naval Academy Foundation’s Academic and Scholarship Programs board, Henry is a member of the board of directors for the Boulder Crest Retreat for Wounded Warriors, and previously held positions on the board of directors of the Chesapeake Bayhawks and Bethesda Lacrosse. He was also a visiting professor at American University’s Kogod School of Business from 2010 to 2014.

Henry holds a BS in economics from the United States Naval Academy and an MBA in marketing and strategy from the Kellogg Graduate School of Management at Northwestern University.