New Research from RETS Associates Indicates Key Employee Benefits and Perks to Recruit and Retain Top Talent; Growth Opportunities and Work Culture Ranked Closely Behind Compensation and Location
NEWPORT BEACH, Calif. (July 24, 2013) – A new research survey conducted by RETS Associates, a staffing and executive search firm focused on the real estate industry, revealed that nearly 70 percent of real estate professionals today are looking for or are open to new employment opportunities. Drawn from RETS’ database of more than 26,000 real estate professionals from around the country, the research polled 269 respondents from varying levels of management, including executives.
When considering new employment opportunities, respondents cited growth potential and work culture within a current or prospective company as the two most important drivers, closely behind compensation and geographical location. According to Kent Elliott, principal of RETS, growth potential and work culture now play a larger-than-ever role in employment satisfaction and represent an emerging hiring dynamic that employers must consider to recruit and retain top talent.
“For the past five years, many employees settled for jobs to make ends meet and are not completely satisfied in their current positions,” said Elliott. “We counsel our employer clients to build an environment with creative growth opportunities so that team members remain engaged and are less inclined to explore new jobs.”
In addition, the survey uncovered the top perks that influence employees when considering new employment opportunities, including medical coverage, 401K matching and additional paid time off. These perks were ranked above flexible hours and car allowances. Medical coverage was rated highly above all other perks as a powerful decision-making factor.
“Medical coverage was the overwhelming top choice among respondents with regard to perks,” said Elliott. “Because of the high costs of medical coverage, all employers must take a hard look at the insurance that they offer and ensure that they stay competitive to recruit and retain the top talent.”
About RETS Associates:
Founded in 2002 by Kent Elliott and Christopher Lee and joined in 2008 by former CBRE Group Inc. executive and industry leader Jana Turner, RETS Associates is the West Coast’s premier firm specializing in the recruitment and staffing and placement of interim, permanent and executive positions in the commercial real estate and financial services industries. RETS Associates’ clients include REITs, developers, investors, pension fund advisors, operating companies and real estate services firms doing business in property management, facilities management, corporate services, and brokerage sales and leasing. For more information on RETS Associates, please visit www.retsusa.com.