How can property companies attract top talent with their compensation packages?

taking The Modern Approach

As a recruitment business working within uk property industry, we see first hand the evolving demands of candidates in the property job market. The real estate industry, traditionally seen as high-pressure, is undergoing a shift. Where attracting top talent requires more than just offering high salaries. Companies must adopt modern work benefits to meet the changing needs of the workforce. Here’s how…

1. Embracing Flexible Working

The transformation in work culture over the past few years has made hybrid working a major selling point for job seekers. This model allows employees to better manage their work-life balance, especially in property, where irregular hours for site visits and client meetings are common.

Implementing flexible /hybrid working models can:

Increase employee retention.
Expand the talent pool by removing geographic restrictions.
Boost productivity by letting employees work where they feel most comfortable.

Explore our free 2024 property salary guide

for employers and employees.

2. Clear Lines of Progression

Career progression is a crucial factor for job seekers that we speak to. Often the real estate consultancies that stand out to job seekers offer structured pathways for promotion, including:

Transparent criteria for advancement
Networking opportunities.
Regular performance reviews and feedback.
Professional development opportunities, such as training, mentorship programs and professional fee coverage like MRICIS or MCIOB.

Investing in employees’ growth not only boosts retention but also creates a loyal, skilled workforce.

3. Comprehensive Benefits Packages

To attract and retain top talent, companies must offer more than just “competitive pay“. Often job seekers value benefits that help them look after themselves and their families. They want perks that cover their whole well-being. The best benefits packages include…

Extended Paternity and Maternity Leave: Recognising the importance of family and offering generous leave policies to support new parents, which helps retain employees post-parenthood and positions the consultancy as a family-friendly employer.
Fair Salaries: To attract and retain top talent, companies need to offer an attractive pay package. Use our resources to find out what the market average is for the most desired roles in property and construction. Click here to learn more!
Health and Wellness Programs: Providing access to gym memberships, mental health support, and regular wellness workshops can greatly enhance employee well-being.

4. Flexible Hours

Flexible working hours are another significant advantage. Allowing employees to choose their start and finish times can greatly impact their daily lives. Whether avoiding rush-hour traffic, accommodating family needs, or aligning work hours with personal productivity peaks, flexible scheduling shows respect for employees’ individual circumstances.

Incorporating flexible hours can:

Reduce burnout, which affects one-third of property professionals
Attract a diverse workforce, including parents and caregivers.
Build an element of trust and autonomy

The Bottom Line

In today’s real estate job market, companies must look beyond traditional models to attract and retain top talent.

Its essential that these 4 benefits are considered:

Hybrid/Flexible working models
Flexible hours
Clear career progression plans
Comprehensive benefits

As a Property Recruitment agency, we know what it takes to find the best people for your vacancies. We’ve seen firsthand how the right approach can land you amazing candidates. We’ll help you build a top-notch team that’s ready for anything.

Need support crafting modern compensation packages?