Community Discussion

Critical HR Challenges Facing The Real Estate Industry - 2002 - 2010 Real estate is cyclical and dynamic, the paradigms, which exist today, but may not necessarily exist tomorrow. For instance in Canada, ninety percent of institutional investment grade real estate is owned or managed by less than ten companies, however they have more public real estate entities today than it did in the salad days of 1988. The abstraction to this reality is that Canada will undergo a shortage of trained staff and management talent within five years, as its most seasoned and networked talent begin to gear-back or take early retirement. Currently employee retention levels are stable, with large firms experiencing only a marginal or selective level of churn within their ranks. This is a transitory period of stability and reflects the perceived capital strength and relative employment security of these firms. The near to medium term future however will be less stable; the predicted shortages will not be measured in the loss of human assets but rather in the loss of knowledge assets. The following list of talking points explores three of the most critical human resource challenges facing commercial real estate CEO’s.  Linking Variable Compensation to Performance Staff Development, Education and Knowledge Warehousing Career Enrichment, A Lost Generation & Demographics Essay is dated by three years but still relevant. In fact, the predicted human knowledge shortages, which we predicted are becoming increasingly prevalent: Critical HR Challenges Facing The Real Estate Industry 2002-2010 Follow-up opinion paper: Paradigm Shifts In Commercial Leasing & Compensating Asset Managers We invite you to participate in discussing these points more fully. Link Here.

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