A new survey shows that hiring, staffing and recruitment are one of the biggest challenges facing multifamily real estate. Most respondents rated attracting new team members, training new staff and reducing turnover as their biggest obstacles within Human Resources. This shows how critical hiring and employee retention are for multifamily real estate operators. “The inability to backfill positions and the influx of inexperienced new hires that require training mean that teams have to do more […]
Working with a recruiter can remove the most difficult part of the hiring process from your plate. However, choosing the right recruiter is essential. Recruiters expedite the hiring process by presenting you with qualified candidates, but the recruiter you choose will change which candidates you see. To find the right recruiter for your business, you have to consider their specialization, reach and approach to hiring. This blend will provide your business with the right candidates […]
If your hiring process includes using an Applicant Tracking System (ATS), the algorithm might be rejecting great candidates for your role. A recent survey by the Harvard Business School and Accenture highlighted the problem for both high-skilled and medium skilled candidates. 88% of high-skilled candidates were rejected because they did not exactly match the hiring criteria. And 94% of middle-skilled candidates were rejected. Below are a few suggestions on how to improve your hiring process […]
The commercial real estate industry is facing an unprecedented national hiring crunch. A recent survey estimated that 60% to 70% of commercial real estate companies are facing a talent shortage. Although this process was accelerated by the pandemic, there are several other features contributing to this shortage of top talent. Aging Workforce The commercial real estate industry is an industry with an aging workforce. Approximately 44% of people employed in the commercial real estate industry […]
Retaining your best employees is critical for all business owners. One of the best ways to do this is to encourage internal promotions that allow employees to change departments and be hired for different roles throughout your organization.
Hiring great candidates for open positions is a challenge in a normal employment market. Hiring during the Great Resignation is going to be even more difficult as everyone tries to hire the best real estate talent. According to the US Department of Labor and the National Federation of Independent Businesses, nearly half of all companies can't fill their open positions. Increasing the flexibility in your hiring will help you find the best new employees for your positions.