As the job market continues to tighten and the 3. 9
percent unemployment rate translates into positions staying open
for months instead of weeks, finding good people, getting them
on board quickly and preparing them for success becomes an
ever-greater challenge for real estate management companies.
Indeed, the National Federation of Independent Business
(NFIB) reported that in August, a record 25 percent of small
business owners cited the difficulty of finding qualified workers
as their single most important business problem. What’s more,
38 percent of all owners reported job openings they couldn’t
fill in the current period—the highest in the 45 years that the
NFIB survey has been conducted.
Add to the mix that there are four and sometimes five generations in the workplace who see their jobs through different
lenses, and the challenge sometimes feels insurmountable.
That this is a topic ripe for discussion became evident during
the IREM Northeast regional meeting in Boston, where a
three-person panel shared insights on how their companies are
fighting the talent war. Weighing in were: Toni Harris, CPM,
of Bethesda, Md., a regional vice president for Avanath Realty’s
East Coast multifamily portfolio; Susan Monaghan, CPM, executive director of the Cumberland, R.I., Housing Authority;
A Hand with Hiring
Members impart successful strategies to battle
the war for talent
By Nancye Kirk