The employment outlook for the real estate industry for executive,
professional, and sales personnel is strong and, a recent hiring survey says,
it will remain brisk throughout 2000. Of the executives with hiring responsibility
in the industry, 48.1 percent indicated that they intend to increase their staffing
in the second half of the year according to the survey conducted by Management
Recruiters International (MRI). Additionally, 51.9 percent plan to maintain
their staff at current levels, and none indicated that they plan to decrease
the size of their staff.
By comparison, across all industries, 53.2 percent of the 3,615 executives
polled, projected new hires for the second half of 2000 and 35.6 percent plan
to maintain current staff sizes, while 11.2 percent plan to decrease staff size.
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"The real estate industry is directly benefiting from this financial boom. Companies and
individuals have an increased amount of money to spend on real estate, there is a
need for more real estate professionals and executives to service these customers."
—Allen Salikof |
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"The year 2000 continues to be one of the strongest economies in U.S. history
and one of the most competitive job markets we've ever seen," noted Allen Salikof,
president and CEO of MRI. "The real estate industry is directly benefiting from
this financial boom. Companies and individuals have an increased amount of money
to spend on real estate, there is a need for more real estate professionals
and executives to services these customers."
For an in-depth look at the current recruiting and retention challenges faced
by real estate companies in this dynamic economy, see "The Hunt Is On," of this
issue. For a perspective on the new economic realities for executive compensation
see "Hitting the Grand Slam."