BCH’s Leigh Iguess discussed ways for property management companies to attract and retain quality employees in ABODE magazine.
Although employee retention remains complicated across virtually every industry, the issue seems especially concentrated in the property management world. In fact, as BCH’s Leigh Iguess noted in ABODE magazine, a recent survey of Houston-area real estate job openings revealed more than half of available positions were related to apartment jobs.
Leigh covered the issue in depth in the July 2022 issue of ABODE magazine, discussing the unique factors at play and strategies property management firms can use to not only attract the best in the business, but make them want to stay. Read an excerpt from the piece:
Many companies are using higher salaries, unique benefits packages and flexible working conditions to attract employees and stand out from the competition. Of course, before settling on any such offerings, it’s important to consider how they might impact the business as a whole.
For example, flexible hours can be a great way to give staff members more control over their schedules, so long as they don’t result in extended office closures or issues that impact the resident experience. At the same time, salary increases can improve employees’ quality of life, but won’t fix convoluted issues in the job market, and must be approached with careful consideration to the company’s bottom line.
You might consider other small offerings that have a big impact on employees’ wellbeing. Mental health benefits, opportunities for growth and incentivized health programs, for instance, can show a company cares about its workers while also meeting the needs of a post-pandemic work environment.
If you’re interested in learning more, read the full ABODE Magazine article online. And if you have additional questions or are interested in learning how BCH can help your property management company improve its hiring practices, feel free to contact BCH at any time. Our risk management, business insurance and employee benefits professionals are here to help when it matters.