When things are going well, people tend to let them be. “If it ain’t broke, don’t fix it” is the standard approach when everything flows smoothly. But, what if those “unbroken” solutions are actually causing hidden problems because all the focus is placed on other things?
Recruiting and hiring talent has grown into an exhausting and tedious task in the current labor climate, spurring many multifamily companies to shift their focus to retention. Keeping top talent requires a holistic approach, which includes customized training to empower and engage employees.
The top storylines in multifamily this week are pets, training and retention, flexible living, the “E” in ESG, the role of multifamily marketers, the brave new world for leasing consultants, developers sour on the Sunbelt, background checks and a record number of people are looking to move.
The top storylines in multifamily this week are offering the right amenities, maintenance retention, evolution of multifamily tech, the rise of sustainability, using TikTok in multifamily marketing, ChatGPT and lead generation and the hidden costs of chronic understaffing.
A lesson from recent hiring and retention challenges is that employees possess a powerful desire to thrive in their careers and go beyond a paycheck. This presents owners and operators an opportunity to build lasting connections with their employees, which in turn creates success in hiring and retention.
The top storylines in multifamily this week are the ongoing development of teams, the great multifamily breakup, the importance of settlements, the impact of employment data on multifamily, multifamily executives’ predictions for the coming year and changes PMs and marketers should consider.
It is no secret that engaged employees fuel company success. Yet according to a recent poll from Gallup, employee engagement across industries has declined in recent years after about a decade of gradual improvement. Opportunities for growth and development were heavily desired by respondents.
Happy associates begat happy residents. They also make their coworkers more energetic and more productive, and can build an atmosphere of creativity and innovation that benefits both the company and its residents. They reduce the expense and headaches of high employee turnover rates.
Grace Hill, an innovator of talent and customer management solutions for commercial and multi-family real estate, announced today that it has acquired Edge2Learn, an e-learning company, and Ellis Partners in Management Solutions, a provider of mystery shopping and resident and employee surveys.
The ability to attract and retain high-level associates has become a primary focus in multifamily, where a competitive employment environment continues to persist. Organizations can best position themselves for success by getting it right from the start—in the hiring process.