What is the CRE Industry saying about hiring this year? Check out this comprehensive report from SelectLeaders regarding 2018 reports and 2019 sentiment from a wide range of commercial real estate professionals.
2019 SelectLeaders Network Hiring Trends Survey Results
Also be on the look for our next blog post on how the year will play out!
2019 CRE Hiring Trends Survey Results Read More »
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
CREW’s Latest White Paper Addresses Achieving Pay Parity in Commercial Real Estate Read More »
In September, Carly collaborated with her alma mater to host a webinar specific to the current candidate’s job market. If you weren’t able to attend, please view the webinar in the link below.
Webinar: It’s a Candidate’s Job Market: How to Succeed In It
Carly Glova is the Founder and President of Building Careers, an executive search firm serving the commercial real estate world. Having determined that no executive recruiting firms in San Diego focused exclusively on supplying talent to the commercial real estate industry, Carly decided to take a risk and establish a firm that would have this specific market focus. In transitioning to recruiting, Carly used her affinity for and knowledge of the commercial real estate industry to make a difference in other people’s careers and inspire both employees and companies to succeed. What does a candidate-driven job market mean for me? What does it mean for my company? Feeling stuck or conflicted in your career choices or having trouble assessing or fulfilling the motivations of potential new hires? This increasingly prevalent market trend affects hiring and career decisions and adds a sense of urgency to the process. Carly aimed to prepare employers and employees alike for how to handle hiring and how to stand out in this war for talent. Check out her tips and tricks on how to crack a candidate’s market!
Webinar: It’s a Candidate’s Job Market: How to Succeed In It Read More »
Join Penn State alumna, Carly Glova, ’08 Finance, for a Smeal Lifelong Learning Webinar, “It’s a Candidate’s Job Market: How to Succeed in It,” on Wednesday, September 12, at Noon ET/9:00 AM PST. Reportedly, the economy’s strengthening and both jobs and wages are moving up. Carly, Founder and Executive Recruiter at Building Careers LLC, will discuss how employers and employees can survive in this war for talent! Secure your spot today! https://bit.ly/2IqHZt
It’s a Candidate’s Job Market: How to Succeed in It Read More »
11 Questions You Should Ask When Doing Reference Checks Read More »
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.
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 »
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:
Originally published by John Salustri on GlobeSt.com on April 2, 2018
The (Potentially) Bumpy Path From Property to Asset Management
The (Potentially) Bumpy Path From Property To Asset Management Read More »
Building Careers is sitting down with the movers and shakers of the commercial real estate scene here in San Diego to find out how they got to where they are and what they want to see in people on their team.
Kicking off our blog series, I wanted to give you a sneak peak of the Q&A you can expect with some of my own thoughts.
Describe your background and how you got into the industry.
Architecture and home design always interested in me, but learning that I could apply intangible finance underwriting to commercial buildings that everyone could see, touch, and have an opinion on opened up a whole new world of possibilities for me. This light bulb went off when I stumbled upon a commercial real estate finance course while I was an undergrad at Penn State. From there, I worked in the industry in a finance consulting capacity, on the private equity side, and in-house for an investor, developer and operator.
I came upon a career crossroads. After conversation after conversation with many of you fantastic mentors and role models in the San Diego commercial real estate world, I realized that I wanted to have those types of conversations on a daily basis. I wanted to be that sounding board and advisor to anyone at any stage in their career to ensure that their role aligned with their life goals and motivations. What better place to do that than in the commercial real estate industry that I know and love? Since founding my executive search and recruiting firm, Building Careers, I am motivated every day by inspiring people to succeed.
What exciting projects are you working on?
My team and I are currently working on finding the right fit for an acquisitions analyst, development director, senior design manager, controller, lease administrator, corporate finance director, project and construction managers, and acquisitions, leasing, and asset management senior associates, among others. We are consistently recruiting for exciting opportunities with growing companies, so if you want to stay up to date on open commercial real estate career opportunities, visit the job page of our website or email me. I look forward to hearing from you!
What are you seeing in terms of hiring?
It is a candidate’s market right now. Quality talent that aligns with each company’s specific culture and way of working is very difficult to find. When companies identify someone that aligns with what they want on their team, I would recommend that they be ready to make a strong offer and on-board that person quickly. Offers that allow candidates to feel valued by the company and communicate to them that the company is invested in their long-term career growth are extremely effective in the current market. Knowing and living your company culture everyday will make an efficient hiring process more seamless.
What can candidates do to stand out?
Candidates who know themselves and what they bring to the table set themselves apart from the rest of the pack. Those who can clearly communicate their value through concise examples put themselves in a position that aligns with their strong suits. Operating this way is paramount in achieving long-term success for not only the employee, but for the employer as well. As a resume is most often a candidate’s first impression, stay tuned next month for additional suggestions on putting your best foot forward through your resume.
What is your one piece of advice for folks trying to make it in the commercial real estate industry?
Make meaningful connections with those that you cross paths with in your professional network. Having advocates and sponsors as resources is essential to career growth and learning, especially in the commercial real estate industry.
Interested in hearing more from some of the industry’s leading faces? Be on the lookout for future interviews!
What Motivates You? An Interview with Building Careers’ Founder Carly Glova Read More »
When is the last time you took a good hard look at your career path? How far you’ve come and where you want to go. It’s never too late, or too early, to set yourself up in your current job to get that promotion, be selected for a new position or find yourself recruited by another organization altogether. Here are five tips to help you prepare for and execute on your next big move.
Let your advocates know
Tell your trusted network about your job aspirations. These friends and colleagues can offer the
advice, insights and introductions that will help you advance in your career – one of them may
even advocate to bring you along with them! And, of course, it’s always a good idea to have a
recruiter as part of your support team. Recruiters are well-networked and when we’re made
aware of what you’re looking for, we will find you matching job opportunities.
Share your progress and success
It’s hard to boast about yourself. And there’s a time and place for it and proper way to do
it. But unless the decision makers in your company (or at the company where you
want to transition to) know about your contributions and the value you bring, they won’t have the
information they need to confidently offer you more responsibility or a new role. Day to day,
keep your head down and get the job done. It’s a great work ethic! But when the time comes –
during a review or a casual walk to grab coffee – be prepared with examples of your
accomplishments to let the right people know what you have been up to.
Keep learning
Continuing your education and professional development is important and can be fun at
any stage of career. When you have decided what your next move is going to be,
go back to the classroom to take a related course or shadow someone in your company.
It will strengthen your marketability and bring you that much closer to the job you seek.
Mentor others
Being a manager comes with great responsibility and the opportunity to truly mentor. Imparting your knowledge and experience will help your team members grow in their careers and allows you to continue to grow in your own.
RSVP Yes
Accept the work and outside-of-work invitations even when you’re buried in emails or so
tired all you want is your couch. You’ll meet someone new, learn something new and inevitably
hear about a new job opportunity. And when that great opportunity presents itself, even if it’s
intimidating, take it!
“If someone offers you an amazing opportunity and you’re not sure you can do it,
say yes – then learn how to do it later.”
– Richard Branson, Founder of Virgin Group
– Carly Glova with Building Careers
Five Tips to Springboard Your Career Read More »
It’s 2018. It’s January. It’s the start of new resolutions and a great time to look at where we are in our careers. For many, it might also be time for our annual reviews and bonus and promotion discussions. The insightful 2017 Real Estate Compensation Survey conducted by CEL & Associates, Inc. lists the many real estate industry jobs out there and their associated salaries and bonuses.
I pulled together the below charts to provide a visual representation that highlights select roles and role levels.
Working with folks in these positions daily, I want to share with you some observations that I took from the compensation study:
Stay tuned as we provide some inspirational insights next month regarding how to springboard your career in the direction of those executive roles (and compensation packages!).
*Thank you to CEL & Associates, Inc. for the information.
Please note that the compensation figures presented represent a composite of all companies participating in the 2017 CEL National Survey and are not stratified by
ownership/type of company (public vs. private), company size, product specialization, regional geographic location, or metropolitan area. Further, factors such as tenure,
experience, role and responsibility will impact compensation levels and benchmarks (percentiles) for the evaluation of any comparative situation, as will the financial situation of
a company and its investment and business strategy.
(1) High = 75th percentile, Median = 50th percentile, Low = 25th percentile.
Survey Completed 2Q 2017.
Source: CEL Associates, Inc./CEL Compensation Advisors, LLC (c) 2017 National Real Estate Compensation Survey – All Rights Reserved. Not to be referenced or
reproduced in any form without prior permission in writing: 12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025 Tel. (310) 571-3113, Fax. (310) 571-3117.
How Much Money Should I Be Making in Commercial Real Estate? Read More »