Magazine article Journal of Property Management

Finding the Right 1

Magazine article Journal of Property Management

Finding the Right 1

Article excerpt

Ask any middle- to upper-level executive in the real estate industry what they spend their time on and you might be surprised to find out that more time is spent on the people side of the business than the deal side. And unlike the deal side, the people side never slows down. Having the right people in place is key--not only to the success of an asset but to the success of a company. Everyone from porter to engineer to assistant manager to manager provides a level of service that helps add or create value. Looking to streamline the hiring process? Ditch the computers and listen to your people.

NOT "TECHNICALLY" HELPING

Yes, even in today's day in age, with technology, automation and everything made easier, the process of attracting, vetting and retaining "the right one" remains oh, so challenging. Sure, today's technology allows computers to dictate whether an applicant's personality will jive with a company culture, or whether they were able to successfully complete a high school geometry-like test within an allotted time frame, but it doesn't account for likability, core values and on-the-job experience.

SLOW IT DOWN

Smart employers are slowing down the hiring process and incorporating additional members of the management team to help interview and uncover whether or not a particular candidate best fits the company's culture. Start with a recruiter, then incorporate multiple potential supervisors and peers. The idea is that your current people are vetting your prospective people, asking questions and comparing notes to determine whether or not your potential hire is a fit with the corporate culture. …

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