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.

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