Last week, the Wall Street Journal reported that hiringon college and university campuses is up, a sure indication thatemployers are diving back into the fountain of youth this year. Infact, according to a study by the National Association of Collegesand Universities, employers plan to hire 17% more graduates fromthe class of '07 than last year, and the competition is fierceamong all industries. For example, Deloitte & Touchealone is reported to be hiring 3,300 graduates. This competition isbad news for real estate, which has chronically lagged behindinvestment banks, technology companies and blue-chip consultingfirms in attracting the top talent. We need to address thistogether as an industry because of the acute need to develop moreand better talent. How? Well, realizing the need, many major realestate associations--in a program we are coordinating--are nowproactively addressing this issue by offering intern job postingson their websites free of charge, to help drive the development ofmore and better internship programs. Such intern programs are apowerful tool for attracting potential employees early andproviding an opportunity for training and learning the corporateculture. Often, such relationships translate into a full-timeoffer upon graduation.
Tony LoPinto is CEO of Equinox Partners, an executivesearch firm specializing in the real estate industry, and parentcompany of SelectLeaders. The views expressed in thisarticle are the author’s own.
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