Pay parity can benefit your business. Read on for expert insight, data, best practices and action items to close the gender pay gap for company leadership and HR professionals.
More than 80 countries have some form of equal-pay-for-equal-work legislation in effect, while approximately 24 have some sort of mandatory reporting requirement. See where the US, Canada and the UK stand in CREW Network’s latest white paper: http://bit.ly/payparityinCRE
In honor of CREW Network’s National Convention coming to San Diego this week, I wanted to share some tips on how to shape what people say about you when you are not in the room. Carla Harris spoke at the CREW Convention I attended a few years ago and offers phenomenal insight. Hope to see you there!
While income growth is still below what you would expect of a recovered economy nationally, San Diego’s median household is the highest of the 50 largest US metros. Median income rose 5.4% in 2017 to $76,207.
California ranks as the 5th largest economy in the world and as such, the job market continues to tighten, which also has a hand in the growing wages. The job market is still hot, especially for candidates looking for that next step in their career and salary level.
The Labor Department recently reported that initial claims for state unemployment benefits dropped to the lowest level it has been since December 1969.
The economy is still in an upswing and it is still a candidate’s market.
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?
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!
While the Royal wedding may have not had a direct impact on commercial real estate, certain industry sectors did get a boost. Read on to see which areas of the economy were measurably impacted: Royal wedding’s $1.4 billion economic impact
Article published by Victor Reklaitis on May 18, 2018 on MarketWatch.com
Many of our clients value the skills that a property manager brings to the asset management side. Find out how to avoid roadblocks and think in terms of value-creation and financials if you are considering making the transition.
A few tips include:
Become familiar with the finance side of the assets
Prepare to take a step backwards (in title and financially) in order to learn the analytical aspects
Think about ways to enhance property value and financial performance and effectively get clients on board with those programs
Originally published by John Salustri on GlobeSt.com on April 2, 2018
I recently heard Hamid Moghadam, CEO of Prologis, speak at Burnham-Moores 22nd Annual Real Estate Conference. He ended the conversation by discussing his company’s policies to increase the number of women across all departments. It was empowering to hear that a company with such a presence on the world commercial real estate stage has specific policies to promote women. Many more companies and countless organizations have pledged to be champions and advocates of women in the commercial real estate space. We are proud to work with a number of clients who make this diversity a focus in order to compliment their already successful businesses with women that can take their companies to the next level.
These changes are even taking place on construction sites. Construction sites and careers have a reputation that has not historically been conducive to women. Read here about the incredible organizations across the country who are working tirelessly to promote diversity in the trades.
