By Scott Sowers, Freelance Writer
Needing to attract, train and retain the professionals who keep the multifamily housing industry in business is as important as ever in this rapidly changing world. As the unemployment rate slowly slides back toward normal, virtual training has become part of the new world order, interning has taken a hit and questions loom about what the future of work will look like. The career development cycle usually begins with a person switching jobs and companies, an already anxiety-filled process that is now even more fraught with peril.
Virtual Leap of Faith
“We recognize that candidates interested in changing jobs during a pandemic are taking a leap of faith when they consider joining a new organization,” says David Alagno, Senior Vice President, Human Resources, at AvalonBay Communities, headquartered in Arlington, Va. “In a pre-COVID world, candidates build their trust in an organization by meeting with current associates and getting a feel for the culture of the place they are considering working. In a COVID environment, that cannot happen.”
Although roles and procedures have changed, the industry still requires human hands on the controls. Erika Daniel, Director at RETS Associates, a recruitment firm for the real estate industry based in Newport Beach, Calif., has not seen any drop-off in the need for frontline help. “Positions in property management and asset management are still full speed ahead because you need those positions filled no matter what is happening with the economy,” she says.
The pandemic has thrown millions of lives into upheaval, which in some cases can become good news for hiring managers. “We have noticed the quality of job applicants has improved with the recent market changes,” says Angela Gibbons, Senior Vice President, Human Resources, at Bell Partners, based in Greensboro, N.C. “We are able to place candidates much more quickly in positions at our site and corporate offices.”
Even though activity has slowed, there has been no hiring freeze at Bell Partners or AvalonBay. Says AvalonBay’s Alagno, “We have over 140,000 residents living in our buildings who are depending on us to deliver the experiences they envisioned when they signed their leases. To support this, we continue to hire to sustain our ongoing operations. In addition, we have been adding staff to help advance our progress [in] several strategic objectives.”
Train ’Em Up
As anybody would expect, the onboarding and training of fresh recruits has gone virtual, a change that was already happening before the pandemic struck. “COVID really served more as an accelerator to some of the work we had already started in delivering learning in a remote manner,” says Alagno. Before COVID, he says, AvalonBay had been experimenting with what the company calls “connected classrooms,” where instructor-led training is delivered remotely to multiple sites. “The conditions created by COVID challenged us to accelerate these plans to effectively deliver training to the organization,” Alagno adds.
Even though the tedium of never-ending Zoom calls can try anybody’s patience, Bell Partners is starting to see encouraging results from the new ways of interacting. “We encourage networking within the organization with the use of technology and staying connected through doing team events,” says Gibbons. “This has been very successful to the point [that] our teams have made the comment that they feel even more connected now than before.”
Internships at Risk
Many full-time employees began their working lives as interns, a segment of the working world that took a big hit from the pandemic. In April, the National Association of Colleges and Associations reported that 16 percent of employers had revoked internship offers, 40 percent had shortened internships and 20 percent had reduced the number of internships.
“We canceled most of our internships for this year, with the exception of our investment and portfolio management group,” says Gibbons. “These groups did a great job [of] including and developing the interns remotely.”
AvalonBay already had a whole crop of interns onboard when the pandemic hit. Wherever possible, interns remained on staff and assumed the safety protocols that were put in place. Remote interns were also added where feasible. AvalonBay did its best to ease the financial blow on those they were unable to bring on board and looks forward to resuming intern recruitment.
“Unfortunately, there were some parts of the company that were unable to host interns in either manner because of their increased workload,” says Alagno. “We took our commitment to these students very seriously, and to help ease their financial burden, we chose to compensate them for four weeks of their time. When we resume normal operations, from an internship perspective, our intention is to bring those students back to the company.”
From the recruiting point of view, the challenge of finding the right person for a particular job is, as always, a mixed bag of opportunity and competition. However, candidates seem more willing to discuss a job change now than they did before the pandemic struck, says Daniel. “The crisis has shaken their sense of job security, and they want to explore their options.”
Daniel also has some advice for the firms doing the hiring. “They must move quickly when hiring because the candidates we are talking to are having conversations with multiple companies,” she says. “If employers lag in the interviewing process, they can easily lose a candidate.”
A company looking to hire a high-skill position might get some help from the pandemic fallout. “Employers who need to hire are benefiting from top talent being out of work,” says Kent Elliott, Principal at RETS. At the same time, many companies are fighting to retain the employees in the trenches. “In some cases, senior-level employees are losing their jobs while mid-level or lower-level employees are being kept on,” he says.
The Future of Work
What will the new world of work look like? Elliott imagines a future that will offer a hybrid assortment of work plans. “Old-school companies will mandate that all employees come back to the office and not allow anyone to work from home,” he says. “Other companies will allow employees to work from home a couple of days a week, while still others will be open to team members working from home five days a week and only coming into the office occasionally.”
Elliott says that firms with an old-school philosophy will lose many employees and potential employees because these people will refuse to return to the old ways of doing things. “So many people had a taste of working from home that they don’t even want to consider working in an office all the time,” he says.
Adaptability will remain a key to success. “Companies need to develop a hybrid program that works for both the employer and the candidate—one that includes the synergies of working face-to-face as needed—in order to attract the most-qualified candidates,” says Elliott.
Tech Factor: There’s No Going Back
Everybody agrees that technology is now playing the role of genie in a world defined by the pandemic and it’s not going back inside the bottle. Alagno believes that a company’s quality of technology is becoming an even larger determining factor in its success.
Having a strong technology infrastructure, adds Alagno, will increasingly be a difference maker for companies in recruiting as more and more work is accomplished remotely, enabled through technology. “In many ways, the pandemic has accelerated change in the ways we do business and has identified the associates and the companies who are the most adaptable,” he says. “This is an area where AvalonBay is investing for the long term, and we believe it will pay large dividends.”
Gibbons agrees, citing Bell Partners’ increased focus on technological advancement to stay competitive from a personnel standpoint. “The company accelerated its focus on innovative technology,” she says. “We have implemented a number of new technologies at the sites, which has been a huge success.”
Back in March, just at the pandemic was taking off, Zillow had already reported a 191 percent increase in the use of virtual tours. Finding new employees who are comfortable working with what has become the dominant selling tool is becoming a major theme.
Gibbons says, “As we consider future talent at Bell, we will need to incorporate into our job profile ‘tech savvy,’ as we will not be moving away from what we have put in place with our future residents. Residents will have broader choices through technology that has been implemented, such as video tours.”
Like food and water, housing will remain essential no matter how it is configured. “It fluctuates over time as the needs and preferences of people evolve—urban vs. suburban, high rise vs. garden, homes vs apartments,” says Alagno. “However, one thing that is consistent is that housing is and will always be an essential need.
“Being part of an industry that provides this important service makes what we do so meaningful. This has become even more clear during the pandemic. What we do is required, and what we do matters.”
With a proprietary database of more than 50,000 experienced candidates, RETS Associates helps industry leaders find powerful executive positions, while also helping global, national, and regional real estate companies strategically recruit and hire both permanent and interim employees.