What will cause this high turnover?

The Chronicle of Higher Education reports.

Expect High Turnover in College Business Offices, Association Says

Many business-leadership positions at colleges and universities will be vacant in the next few years, according to a report released on Thursday by the National Association of College and University Business Officers.

More than 43 percent of 713 business leaders surveyed said their current position was their last before they retired, and about 44 percent of those respondents said they planned to retire in less than four years, according to the report, the “2016 National Profile of Higher Education Chief Business Officers.” And 37 percent of chief business officers reported that their institutions do not have a succession plan if their positions came open.