Finding Top Talent in a Tight Market

“Finding Top Talent in a Tight Market”
CPE – Nov 29, 2018

The 3.7 percent unemployment rate posted in October was the lowest since 1969. That’s both great news for the economy and a challenge for small and emerging real estate firms. With more job openings than job hunters, the competition for quality staff is increasing. So, as a small multifamily firm, how can you best attract and retain the talent you need? Part of the answer may simply come down to paying your people more. “There are so many opportunities for team members to jump ship for more money, and the reality is that the rate of pay, especially for maintenance, has increased,” said Libby Ekre, a principal at MEB Management Services in Phoenix. The cost of filling a vacancy is almost always more expensive than granting a raise.