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NEWS
& INSIGHTS

Robust Hiring Continues! Q3 2013 Employment Update

By Newsletters

Across the board, this year has been the busiest in the 12-year history of RETS. Our clients, whether publicly traded or privately held, have aggressively hired to fill open and newly created positions. Through Q3.13, RETS has overseen 344 searches, which represent a 20 percent increase compared to the same period in 2012. In September alone, we conducted 50 new searches, our highest number for a single month ever! In response to tremendous growth in search volume in the Pacific Northwest, we established a beachhead in Bellevue, WA to serve clients in the region.

INTERIM RECRUITING

There has been ongoing strong demand for interim recruiting. Total hours billed through Q3.13 is 33 percent higher compared to the same period in 2012. The property management segment continues to be the highest demand for interim recruiting as a direct result of the increase in acquisition/disposition activities in the market. Clients have turned to interim recruiting to handle just-in-time delivery of talented professionals to fill positions for three to six month periods. “Since March, we’ve seen a dramatic rise in the number of interim recruiting searches, as the economy continues to improve,” says Kent Elliot, a principal/partner of RETS Associates.

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The Candidate is in Control! Q2 2013 Employment Update

By Newsletters

What has become readily apparent in 2013 in the primary real estate markets on the West Coast is… the candidate is in control! The switch from the employer holding the majority of the negotiation leverage to the candidate holding the leverage began early this year. Employers beware – you will need to be aggressive in your negotiations with candidates.  RETS handled 110 searches in Q1.13  – this is the highest number in the 12-year history of the firm – representing a 24% increase in searches handled to Q1.12. The pace of new searches in April and May 2013 followed at the same level as Q1.13.

INTERIM RECRUITING

The available pool of candidates interested in interim positions continues to dwindle as talented, unemployed professionals are re-hired. The demand drivers for interim recruiting are: 1) due diligence needs for acquisition/disposition activity; 2) companies with open positions that they are unable to fill in a timely basis; and 3) employers faced with employees having short to medium term medical conditions. “The RETS team is operating at an all-time high YTD 2013 in terms of interim recruiting.  Now is a great time for professionals who would like to do interim/consulting work.  For employers, you need a recruiting firm to reach this limited group of talented professionals,” says Kent Elliott, a principal/partner of RETS Associates.

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