Has the Downturn Impacted Turnover at Your Firm?

It seems a good amount of firms may not be feeling the pinch of an economic slowdown as bad as others. Many respondents to last week’s Quick Poll replied “Not at all” (42%)—that’ a solid amount to be sure. However, a number of respondents say their firms are feeling some hurt—35% chose “Tremendously” as an answer—while 24% picked “Looking for a Job. Don’t Bug Me.” Shannon Hondl, senior vice president of acquisitions and development for Irvine, CA-based Birtcher Development & Investments, said his company has so far weathered the economic doldrums, but he attributes that to a sort of jack-of-all-trades philosophy practiced by Birtcher.

We don’t over hire. Employees tend to come here and stay here. I started my career in real estate with this firm. We just don’t bring in a lot of people, even when things are going strong. Here, it’s like once you’re in, your in.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.