The Millennial Takeover: How… November 24, 2021

Millennials, or members of Generation Y (also known as Gen Y) were born between 1982 and 2000, according to the U.S. Census Bureau. The Census Bureau estimates that there are 83.1 million millennials in the U.S., and the Pew Research Center found that millennials surpassed baby boomers (boomers) to become the largest living generation in the United States in 2016. Millennials are separated from the older generation before them (Generation X) and the generation that followed them (Generation Z). Millennial Characteristics As expected by their birth years, the Millennial generation makes up the fastest growing segment of the workforce. As companies compete for available talent, employers simply cannot ignore the needs, desires, and attitudes of this vast generation. As with each generation that preceded it, Millennials have come to be defined by a set of characteristics formed mainly by the world and culture they grew up in. Here are a few of their common characteristics. Millennials are Tech-Savvy Generation Y grew up with technology, and they rely on it to perform their jobs better. Armed with smartphones, laptops, and other gadgets, this generation is plugged in 24/7. They like to communicate through email, text messaging, and whatever new social media platform (i.e., Twitter, Instagram) friends and colleagues are using. This is a generation that can't even imagine a world without the internet or cell phones. Millennials Are Family-Centric The fast-track lifestyle has lost much of its appeal for millennials. The members of this generation are willing to trade high pay for fewer billable hours, flexible..

NAAEI Apartment Jobs Snapshot… November 22, 2021

In October’s edition of NAAEI’s Apartment Jobs Snapshot, over 13,300 apartment jobs were available, accounting for 36.3 percent of the broader real estate sector. Raleigh, Virginia Beach, Seattle, Columbus, OH and Denver had the highest share of apartment job openings. This month’s edition highlights property managers/community managers, with market salaries in the 90th percentile reaching $55,924. The demand for experienced property managers was highest in Durham, Charleston, Portland, OR, Kansas City and Seattle. In addition to requiring typical property management skills, employers are seeking talent with budgeting, Yardi Software, customer service and staff management.    

NAAEI Apartment Jobs Snapshot… November 4, 2021

Robust leasing activity during Q3 2021 yielded strong demand for skilled professionals. In this edition of NAAEI’s Apartment Jobs Snapshot, job openings in the multifamily sector comprised nearly 38.0% of positions available in the real estate sector, surpassing the 5-year average of 35.6%. Property management professionals were the most sought after during the quarter. Maintenance positions saw a decline in demand compared to the same time last year. Dallas, Los Angeles, Seattle, Washington, D.C and Phoenix were the leading markets for highest concentration of apartment job openings. Demand for student housing talent was strongest in Austin, Columbus, Gainesville, Houston and Tallahassee.    

Virtual: The New Career… October 26, 2021

By Scott Sowers Needing to attract, train and retain the professionals who keep the multifamily housing industry in business is as important as ever in this rapidly changing world. As the unemployment rate slowly slides back toward normal, virtual training has become part of the new world order, interning has taken a hit and questions loom about what the future of work will look like. The career development cycle usually begins with a person switching jobs and companies, an already anxiety-filled process that is now even more fraught with peril. Virtual Leap of Faith “We recognize that candidates interested in changing jobs during a pandemic are taking a leap of faith when they consider joining a new organization,” says David Alagno, Senior Vice President, Human Resources, at AvalonBay Communities, headquartered in Arlington, Va. “In a pre-COVID world, candidates build their trust in an organization by meeting with current associates and getting a feel for the culture of the place they are considering working. In a COVID environment, that cannot happen.”   Although roles and procedures have changed, the industry still requires human hands on the controls. Erika Daniel, Director at RETS Associates, a recruitment firm for the real estate industry based in Newport Beach, Calif., has not seen any drop-off in the need for frontline help. “Positions in property management and asset management are still full speed ahead because you need those positions filled no matter what is happening with the economy,” she says.   The pandemic has thrown millions of lives into upheaval, which in some..

The Great Resignation Is… October 18, 2021

I first that something weird was happening this past spring. In April, the number of workers who quit their job in a single month broke an all-time U.S. record. Economists the “Great Resignation.” But America’s quittin’ spirit was just getting started. In July, even more people left their job. In August, quitters set yet another record. That Great Resignation? It just keeps getting greater. “Quits,” as the Bureau of Labor Statistics calls them, are rising in almost every industry. For those in leisure and hospitality, especially, the workplace must feel like one giant revolving door. Nearly 7 percent of employees in the “accommodations and food services” sector left their job in August. That means one in 14 hotel clerks, restaurant servers, and barbacks said sayonara in a single month. Thanks to several pandemic-relief checks, a rent moratorium, and student-loan forgiveness, everybody, particularly if they are young and have a low income, has more freedom to quit jobs they hate and hop to something else. As I in the spring, quitting is a concept typically associated with losers and loafers. But this level of quitting is really an expression of optimism that says, We can do better. You may have heard the story that in the golden age of American labor, 20th-century workers stayed in one job for 40 years and retired with a gold watch. But . The truth is people in the 1960s and ’70s quit their jobs more often than they have in the past 20 years, and the economy was better off..

Apartment Jobs Snapshot August… September 28, 2021

In August’s edition of NAAEI’s Apartment Jobs Snapshot, nearly 13,000 positions were available in the multifamily sector. Markets with the highest concentration of job postings included Virginia Beach, San Antonio, Portland, Nashville and Seattle. This month’s spotlight highlights Leasing Consultants. The demand for these positions was twice the national average in Houston, Austin, Virginia Beach, Dallas and Nashville. The top specialized skills employers are looking for included leasing, property management, customer service, sales and Yardi Software.

Tradespeople Report High Levels… September 28, 2021

A career in the trades could provide satisfaction as well as a higher paycheck for those looking to switch jobs. A new by Angi found that a combination of the COVID-19 pandemic and “The Great Resignation” has created a unique opportunity for the trades to thrive.  According to the “2021 The Skilled Trades in America” report, careers in the trades have high job satisfaction due to high levels of entrepreneurship, generous pay, and a sense of meaning connected to the work. Of the 2,400 skilled tradespeople surveyed, 83% are somewhat or extremely satisfied in their choice of work. This, coupled with a worsening labor shortage, could create an enticing opportunity for those looking to switch jobs. According to Mischa Fisher, Chief Economist at Angi, 2021 is a particularly dynamic year for the trades. “The adage that ‘opportunity is missed by most people because it is dressed in overalls and looks like work’ has never been truer than it is in 2021,” she said. Higher demand for work is leading to higher pay — plumbers, electricians, and general contractors earn 22%, 29%, and 53% more than the general population, respectively. Compensation, along with meaning and value in the work, are major drivers of job satisfaction.  As with other industries, the trades are experiencing a labor shortage. More than two-thirds (68%) of companies are struggling to hire skilled workers. Survey respondents identified several insights that could help companies counteract this shortage. 62% think there is a lack of respect for blue collar work 59% believe providing a..

job demo September 24, 2021

Be #gablesproud of where you work and become part of our team by applying for your new career with Gables TODAY!If you re upbeat, positive and want to make a real difference in people s lives, then you ll be on fire as our leasing professional who does much more than simply sell. This diverse role combines sales, customer service and marketing to lease apartment homes to interested prospects. You will lease incredible apartments in our amazing communities through product demonstration and strategic marketing. Making residents feel at home is another aspect of your position, with responsibilities that include maintaining high levels of resident satisfaction and retention. You ll also get to demonstrate your marketing prowess through web advertising and inquiries as well as keep tabs on competitors through telephone surveys and onsite visits. While many sales jobs require lots of paperwork, Gables proprietary online community management systems make lease paperwork and leasing reports an easy task. Service-minded individuals thrive in this position, as do those who enjoy selling a product that they can truly be proud of representing. Maintain superior customer service relationship as per Gables 10 Pledges of Customer ServiceAdhere to company Standard Operating ProceduresLease apartments and sell property s products and services to prospectsRespond to internet leads, answer prospect calls and conduct property tours following the guidelines outlined in the mystery shop formsWork to optimize occupancy while maximizing effective leased rentUtilize established sales and marketing strategies to increase property traffic, maintain closing ratios and work to achieve and exceed budgeted occupancy percentagesMaintain..

Why everybody’s hiring but… September 21, 2021

America’s broken hiring system, explained.Patrick Healy says he did everything right in his job search. After being laid off as a designer early on in the pandemic, Healy, 36, tried his hand at a couple of entrepreneurial ventures before looking for a new full-time position at the start of 2021. He estimates he applied for hundreds of positions, relying on nearly a dozen jobs boards, researching potential employers, and writing personalized cover letters to accompany his résumé.For the most part, he heard nothing back, regardless of how qualified he was.“You get no feedback. I was still trying to experiment with what I was doing, but I just had no idea what was happening, why I wasn’t moving forward,” Healy said. “That was both stressful financially and heartbreaking psychologically.”It took nearly six months for Healy, who has a decade of experience in industrial design, to find a new job. Meanwhile, headlines touted a , and many employers said they were doing to entice potential employees.For Healy and many others, the situation just doesn’t make sense — there’s an incongruity between what they are hearing about jobs and what is actually happening.For some of the jobs available, people don’t have the right skills, or at least the skills employers say they’re looking for. Other jobs are undesirable — they offer bad pay or an unpredictable schedule, or just don’t feel worth it to unemployed workers, . In some cases, there are a host of perfectly acceptable candidates and jobs out there, but for a multitude of reasons,..

NAAEI Apartment Jobs Snapshot… September 2, 2021

Record-breaking apartment rent growth and occupancy powered demand for multifamily talent in July. Nearly 38 percent of positions available in the real estate industry were in the apartment sector. Portland, Ore.; Nashville, Tenn.; Denver; Raleigh, N.C.; and Virginia Beach, Va.; led the nation with the highest concentration of job postings. This month’s edition of NAAEI’s Apartment Jobs Snapshot spotlights maintenance technician job openings. Demand for maintenance technicians was approximately twice the U.S average in Columbus, Ohio; Portland, Ore.; Seattle, Nashville, Tenn.; and Virginia Beach, Va. The top specialized skills employers are seeking included plumbing, repair, HVAC, carpentry skills and painting.