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> Cost of space, cost of power, cost of IT to provide WiFi and network jacks and bandwidth, cost of water in the water fountain Time to move to a WeWork? WeWor
by yazaddaruvala 5y ago
> Cost of space, cost of power, cost of IT to provide WiFi and network jacks and bandwidth, cost of water in the water fountain
Time to move to a WeWork? WeWork All Access - $3600/year. Or at home for "free" if no real lab is needed.
> cost of business office staff to process the paychecks
Time to move to Direct Deposit? For a grand total of $0!
> cost of a bunch of CPA and auditors to make sure you're following all the federal regulations about how the money can be spend
Let them spend it however for free? or hire a CPA for a couple days. No need for $173k worth of CPA time per grant.
> At institutions where a large fraction of the work going on is grant funded if you didn't do it this way you can't really make your institutional budget balance.
Based on the math, they either need to invest into automation or it seems like a dying industry.
- edmundsauto 5y agoI think it’s your expectations that are out of whack. There is sticker shock, but pretty much everywhere else is higher. Also, do you know what a clusterfuck it is if someone screws up accounting, payroll, or legal? Those systems are Byzantine and you really do need an expert to navigate them legally. Institutions don’t take the risk that an individual might take.
- Fomite 5y agoMy institution employs about 7000 people. I'm interested if there's a single company that employs that many people you can point to that pays $0 to handle payroll.