Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Behind the Eight Ball

Competition is always fierce for recruiting top talent in bull and bear markets. However, the current economic environment is creating added problems for companies under stress. The most extreme cases are those companies that have sought Chapter 11 bankruptcy protection. The January 5th issue of the Wall Street Journal included a feature article focused on “Recruiting Talent to Ailing Firms” and pointed out that “sick businesses need fresh talent” but, new hires are commanding extraordinary compensation premiums and rich severance agreements. Ironically, this situation also exists for companies that are not in bankruptcy. For example, and closer to home, the precipitous decline of REIT stock prices into single digits, management shake-ups and daily news about the chances of their survival, all lead to significant recruiting challenges. On the private side, owners are forced to be more transparent with their financial information as candidates demand more disclosure. In tough economic times, executives are more risk adverse with their careers, and if they do consider making a move into a dicey situation, there will be a compensation premium and guarantees. On the flip side, healthy companies have a significant leg up in attracting top talent who will underwrite the company’s ability to capitalize on the recovery.

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
JRK PROPERTY HOLDINGSSenior Asset Manager(LOS ANGELES) The manager will be responsible for the development of, and to achieve revenue, expense management, profit, and other financial goals while consistently providing customers, property supervisors and community residents with the highest quality of service and support possible.

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?


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