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Yale University is launching a five-year, $26 million initiative to “recruit and retain pre-eminent scholars in every field,” President Peter Salovey and Provost Ben Polak announced this week. Some of the resources will be devoted to current professors, including immediate salary adjustments in some areas of the Faculty of Arts and Sciences “where we need to be more competitive,” Salovey and Polak said in a letter to the faculty. They said Yale also will establish a universitywide fund to recruit “truly transformative faculty,” or those professors “who redefine their fields, who not only answer important questions, but change the very questions that are asked. This is a high bar, but we want to encourage schools and departments to pursue such candidates.”

Salovey and Polak said the earmarked funds augment a five-year, $50 million Faculty Excellence and Diversity Initiative announced in 2015, and that “we remain committed to building a more diverse faculty.” They warned that resources alone are not enough to recruit and retain the best, and that Yale must otherwise work to ensure faculty excellence, such as by searching “again and again without compromising our standards” and maintaining “the highest tenure standards, even when decisions are difficult.” Building the kinds of community and climate that make it “very hard to leave” matters, too, they said.