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Finding the right employees for the team Part I: Who is out there to hire?

It looks good for companies wanting to hire new employees and fill open positions in commercial real estate this Fall. There appears to be a variety of qualified, ambitious and optimistic job candidates looking for jobs in and around the SoCal market, particularly in five key industry areas.

Of course our goal at Building Careers is always to match the right professional with the right company, but we thought we would share a little of what we have been seeing lately as you finalize budgets, gear up for the end of the year push, and possibly look to effectively add to or strengthen your team.

Property Management

Property managers coming our way lately tend to possess more senior-level expertise in asset strategy and operations management. They have solid financial experience overseeing a range of portfolio sizes as well as hands-on management of third party and service provider relationships to ensure compliance with property management policies and procedures, codes, regulations and government agency directives. Yardi and MRI are on the resumes, too!

Analysts

Many college graduates with bachelor’s degrees in accounting and finance are in search of analyst positions. They are looking to gain experience supporting acquisitions and development teams while bringing their education (and enthusiasm) to the table to develop and maintain financial models and perform industry data research. Not to be overlooked are the analysts coming from the lending side. They have proven their underwriting and analytical abilities and many are looking to apply those skills to the principal side.

Acquisitions

We are working with acquisition candidates at all levels, and especially those with Director level knowledge. They understand that it’s currently a tight market and can offer their connections to off-market opportunities and aptitude for creative value-add plays. If you have capital to deploy and are actively investing, I’d encourage you to keep an open mind for opportunistic hires on the acquisitions side.

Business Development

If you are looking to add to your business development and sales team, we are seeing a number of senior-level business development professionals who are entrepreneurial in nature (of course) and interested in making a job move. They have the expertise to contribute in the areas of business growth, capital sourcing, marketing and industry relations. Many have backgrounds in real estate, operations and finance and have solid experience identifying beneficial business and investment opportunities.

Career Transition

Let’s face it, our industry is an exciting and prosperous one! So who wouldn’t want to join us? We have been assisting many newcomers to the industry who have transferable backgrounds and are looking to move into commercial real estate. This is a terrific opportunity for organizations to consider hiring an out-of-industry professional with many relevant skills and the potential to offer fresh, new strategic thinking and perspective.

Finding the right employees for the team Part I: Who is out there to hire? Read More »

11 Questions You Should Ask When Doing Reference Checks

Once you have connected with a candidate’s former supervisor or colleague, here are a few questions to ask:

1. Tell me about your experience

2. Major accomplishments

3. Skill ratings

4. Strengths

5. Weaknesses

6. Communication style

7. Why did they leave?

8. Would you rehire them?

I would also recommend asking about:

1. Candidate’s responsibilities

2. Technology familiarity and specific systems

3. Ability to meet deadlines

4. How they took feedback

Asking open-ended questions will really allow you to get a sense of how that employee functioned in that specific role and how they might be a fit for your company.

11 Questions You Should Ask When Doing Reference Checks was published by Bruce Anderson on August 6, 2018 on LinkedIn.com

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What is Driving the Uptick in Reverse Commutes?

While the Live, Work, Play concept is vastly appealing to many, research is showing that urban jobs are not necessarily being created as fast, which is contributing to the increased number of people living the reverse commute. Will we ever get to a balanced Live, Work, Play environment?

Reverse Commute | Live, Work, Play

Published on July 12, 2018 on Connect Media

What’s Driving Uptick in Reverse Commutes?

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What Do I Do After Graduation? The Power of Networking

Go travel, spend time with family and friends and have some fun! Then, it’s time to be an adult, put your quality education to good use and start paying the bills. It can be a daunting time looking for your first real job but also an exciting one. And if done thoughtfully, the decisions you make here will lay the foundation for a successful career doing what you love and doing it well.

I am honored to be conducting a webinar for my college alma mater, Penn State, in September. The dialogue will be around “How to Navigate a Candidate’s Market” and as I begin to prepare for it, I have been thinking a lot about my experience from college student to job candidate to business professional.

Between freshman and senior year, I went from studying marketing to finance to commercial real estate, the latter being my ultimate calling and what, as many of you know, I am immersed in today. I bounced around for a bit but my journey to finding my dream career fortunately came to me relatively quickly. And I think it is because of something I was taught to embrace early in my college and professional life: The power of networking.

Your network is your continuing education and where your professional growth continues

It’s never too early to network and create a community of genuine relationships that will propel you in your professional life. Think of these people you meet and the relationships you nurture with them as your support system. They are the colleagues, mentors, bosses, team members, employees and college friends who will directly and indirectly influence your career path, educate you about your industry and role of choice and ultimately refer you to relevant opportunities. Your network will open doors you may have not even known existed.

When I embarked on the endeavor of creating my own real estate recruitment company, I spoke with anyone and everyone, especially in the commercial real estate world. This curiosity and desire to understand each person’s role in the industry and what motivated them gave me the clarity I needed to confirm it was exactly what I wanted to do for a living.

Your network will help you be your best self

When you spend time with your network, it’s also a check in with you. Where are you in your career and where do you want to go next? Oftentimes we go to college or specific schooling not truly knowing what we want to study and do for the rest of our lives, me included! And unfortunately, some high-potential students graduate with the same uncertainty. You’re not alone if you are one of them.

Around the time of my graduation, my created network suggested I take a personality assessment to identify my personality type and help me validate my interests, aptitudes and quite frankly what I was probably not going to be good at. It was invaluable. My network also referred me to two of my now favorite books: Strengths Finder 2.0 by Tom Rath and What Color is Your Parachute? by Richard Nelson Bolles. I highly recommend both!

Your network is your group of trusted advisors. Follow in their footsteps. Seek their advice. Ask for help when you need it to make a hard decision. Be inspired by them. They will celebrate your successes and hold you accountable to always be the best you can be now and in the years to come. I am grateful for mine.

Congratulations to all of the graduates out there! Your next chapter has just begun. All the best in the endeavors that await you!

Network | Connection | Six Degrees of Separation

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10 Tips for Recent Graduates

  1. Be Bold
  2. Approach interactions with a mindset focused on what you can give
  3. Know your worth and stay firm
  4. Create shorter-term milestones to more easily achieve long-term goals
  5. Take risks and operate with confidence
  6. Trust your gut
  7. Prove your worth and make sure your accomplishments are known
  8. Understand equality challenges and causes
  9. Choose a supportive network and partner
  10. Focus on the present and press on

Lean In’s focus is to research, support, and raise awareness for building a more equal world. They offer a myriad of resources to help from videos to books to step-by-step guides. Visit leanin.org to learn more and read the full article: 10 Tips for Recent Graduates

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How These 12 People Fit Mindfulness Into Their Work Day

Mindfulness is a buzz word that has become more and more commonplace over the past few years. Constant efforts to fit everything in in the day and “multi-task” are causing constant stress in our days, which affects everything from work performance to physical health. Practicing mindfulness allows us to better deal with the stressors that life will undoubtedly throw at us.

Meditating | Yoga | Practice Mindfulness | Eliminate Stress

Mindfulness can be manifested many ways including focusing on one task at a time, setting an intention for the day, meditating and/or concentrating on your breathing.

The article below provides other examples of how people fit mindfulness into their workday.

How These 12 People Fit Mindfulness Into Their Work Day

Published by Kate Ashford in Forbes.com on May 31, 2018.

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Why Didn’t I Get Hired?

So you didn’t get the job or the second interview or maybe you didn’t even receive any feedback after submitting your resume. Sound familiar? While there are a myriad of possible reasons why you didn’t get the job, here are some of the most common reasons.

Job Offer

Resume

Your first introduction to a company is your resume. Studies have shown that hiring managers spend an average of 6 seconds reviewing a resume, so it could be that you didn’t have the right keywords or easy to read formatting to allow the hiring manager to clearly understand your experience and how it relates to the role they are looking to fill at their company. Some companies also put a strong emphasis on pedigree, so if you haven’t worked at a large, institutional company for example, you may automatically be out of the running for certain opportunities where that experience is preferred (and vice versa). Companies also might be looking for specific certifications/licenses that are an automatic deal breaker if you don’t have them, for example CFA, CPM, CPA, etc

Personality and Culture Fit

In this day and age, personality match and culture fit are the second most sought after job must-haves for candidates (after career growth opportunities). Companies know this too and approach the hunt to fill a position with a large emphasis on scenarios like, are someone they could sit next to on a cross country plane flight? Nearly half of the companies that we work with have gone so far as to ask candidates to complete personality assessments and based on historical data/experience and other personality types in the office, decide whether or not you will be a fit within the company and/or specific team you’ll be working with. Other personality fit deciding factors include succinctness of communication, the way you carry yourself, the questions you ask, how you interact in interviews, and how you relay your excitement for the role.

Skill Set

Some roles require more soft skills, while others required a very specific skill set. For example, a company looking for an experienced commercial real estate analyst will be looking for someone with real-world experience in the software program Argus. More and more companies are starting to test for these hard skill sets as part of the interview process.

Experience

In the current economy, everyone is busy and hiring managers have a lot on their plate. “We need someone that can hit the ground running” is a phrase we hear a lot as many companies cannot dedicate the time and resources it takes to train someone into a role. Years of experience relative to the job and your reputation in the industry are two common deciding factors on whether or not you get the job.

Competition

As solid as your resume, personality, and skill set may be, you are also still compared to the other candidates interviewing for the job.

Compensation

You may have priced yourself out of a role. Perhaps you are more expensive relative to your competition. While this does factor into a hiring decision, we don’t see this as much because most companies are willing to meet compensation requirements for the right fit of all of the above.

External Factors

There could be a variety of external reasons that you didn’t get the job. A company reorganization, budget issues, an earthquake – you name it. Perhaps the company promoted someone internally or received a referral from a trusted source. Or maybe the company decided they don’t need anyone in that role after all and closed the position. Maybe they decided to outsource the role to a 3rd party.

Realistically, you will may never know specifically why you didn’t get hired. Whatever the reasons are, either internal or external, know that the right job for you is out there. Continue to focus on your job search, trying to improve each time and doing your best to not take negative outcomes personally.

Why Didn’t I Get Hired? Read More »

Why Great Employees Leave “Great Cultures”

Are your company’s behaviors, systems, and practices aligned and in sync with its values?

A few of my takeaways from the article are that the following things can lead to creating a truly understood and desirable culture.

  • Ensure leadership behavior reflects company values
  • Provide clear expectations and maintain consistent paths to being rewarded
  • Focus on establishing clarity around these five company systems: hiring, goal setting, assessing, developing, rewarding
  • Ensure there is a framework for company practices and realize they they are ever-evolving

Read the article here: Why Great Employees Leave “Great Cultures”

Originally published by Melissa Daimler in Harvard Business Review on May 11, 2018.

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How to be Happy

As the US continues to become busier, more stressed, and less happy, this Yale course seeks to provide the tools to change that.

After discussing happiness misconceptions, the focus of the course centers on behavior change and practicing happiness. The good news is that we have control over our attitude, practices, and behavior, so happiness is within our reach!

While you may not be able to participate in the full semester class, this article includes links and assessments to lay the foundation to build upon your own happiness. Now off you go to spend time with family and friends and nurture the relationships that make you happy!

How to be Happy

Want to be happier? Read on for a Yale professor’s CliffsNotes on how to continue practicing happiness. How to be Happy

Published by By Adam Sternbergh on May 28, 2018 in New York Magazine.

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