X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Perspective

A recent article in The Economist magazine, “The Search for Talent, Why It Is Getting Harder to Find,” presented many insights for this industry.   The article explored the growing, global shortage of talent.  Even in India, where, supposedly, there is a sea of smart, hungry and reasonably priced talent, severe skill shortages are emerging, and Indian companies are importing talent to fill the gap.  The article also underscored the shift in the balance of power from the companies to workers.  It reminded me of the situation in our own industry.  Real estate suffers from acute shortages of talent at all levels, and the problem is aggravated by ultra-heavy demand, especially for senior executives and mid-level professionals.  Real estate companies, regardless of sector or product type, need to focus aggressively on the retention of talent, because if you lose a key player, it will cost you not only in dollars, but, more important, in terms of the productivity downtime during the search for a replacement.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders.The views expressed in this article are the author’s own.

Job Opportunities

BANK OF AMERICA (DALLAS) Multi-Family Real Estate Development ManagerThe development manager will identify and assess potential acquisition and development opportunities; create and execute viable action plans, conduct financial modeling, market research, project design, and provide leadership to the project team for each development.

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?

 

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.