Anthony J. LoPinto
CEO
Equinox Partners
New York City
Given the hot-to-the-touch state of real estate these daysand the way companies are merging and rightsizing, we'd expectfairly high personnel turnover numbers. Yet only 30% of respondentsto last week's Feedback Poll describe their shops in revolving-doorterms. A slightly higher portion (32%) claim to "find 'em and keep'em." Most--38%--said that their operations are no better or worsethan that of anyone else. As a GlobeSt.com columnist, commentatorLoPinto, who is also founder of online job board SelectLeaders, isour go-to guy on matters of hiring and retention. He believes thenumbers track the industry fairly closely. Here's why:
"I'm not surprised by the percentages. Among the largerowner/operators, such as the major REITs that would have largeproperty-management functions, there has historically been what Iwould classify as significant turnover rates, in the 30%-to-40%range, particularly in the multifamily sector. I had thatexperience once when I was with a firm, and I was amazed at thelevels of turnover we experienced.
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