Pros: flexible hours, no commute
Cons: low pay, little opportunity for advancement
The business model at Kaplan is to keep a large corps of part time employees so they can offer lower pay and limited benefits to increase their profit margin. Kaplan, Inc. can afford to increase the pay of its adjuncts because Kaplan, Inc. generates at least $2 billion in net revenues for its parent company (2012 WPO Annual Report). The business model offers relatively low pay for adjuncts, full time faculty, and chairs, but much higher or more commensurate pay for higher administrative personnel.
Many of us adjuncts think this business model is pretty unfair and have tried organizing an adjunct labor union to negotiate better pay and benefits. This was attempted in 2006 and Kaplan, Inc. fought it hard. Kaplan, Inc. is well prepared and structured to resist labor organization. Representatives at several of the national faculty unions are reviewing labor organization for Kaplan, Inc.