Monday, October 01, 2007

An innovative plan at IIT-B for attracting new faculty


Jeetha D'Silva reports in the Hindustan Times:

Facing a talent crunch that is familiar to many companies, the elite Indian Institute of Technology (Bombay) is offering all new faculty members a signing bonus of Rs 3 lakh.

Significantly, the bonuses are being raised by donations from the IIT alumni, generally a high-achieving bunch, who in recent years, have become more active, organised and sophisticated in giving back to their alma mater.

“This is a first for any of the IITs,” says Deepak B Phatak, professor at IIT’s Kanwal Rekhi School of Information Technology.

As a retention measure, IIT Bombay has significantly increased seed research grants to Rs 10 lakh to new faculty members this year. Until last year, such grants were only about Rs 3 lakh.

1 Comments:

  1. Vishnu said...

    Abi, I am getting the feeling that the influence of alumni on how IITB functions is increasing steadily. Don't know what will the ultimate result be.