Perception often leads to reality. So in late December, SelectLeaders Network conducts our industry-wide annual survey of how the collective wisdom views the year ahead. Again a rich mix of about 900 real estate professionals and employers - principals, top-line managers and HR executives - delivered some very interesting insights and perspectives on 2013.
In 2009 we reported that 85% of employees were asked to take on additional responsibilities for the same pay. Many wrote that they had taken on the responsibilities that 3 people had in early 2008. In 2012, we are happy to report that compensation increased for 42% of you. And for 2013, 56% anticipate an increase in total compensation (salary and bonus). While many expect to have more money in 2013, the workload did not appear to significantly diminish. In 2012, 37% of companies reported hiring remained the same as 2011. 35% of companies saw an increase in hiring. Our survey has indicated a steady, but slow, rise in hiring beginning in 2010, and increasing to about 30% for the last two years. However, 28% report that hiring decreased for their company in 2012.
"Putting too much work on people who are already overloaded" as well as Age-Discrimination - with everyone
stating that the other ages were landing the JOBS - were perceptions shared by many. Rumors that college students are abandoning real estate programs appear to be unfounded with 70% having no problem hiring recent real estate graduates. In 2012 we also heard a lot about "Succession Planning". But when queried, 42% reported that since 2009 the most senior level manager hired came from outside the company. Only 23% of senior managers hired came up through the ranks. A senior HR Executive shared this perspective, "Senior Manager hiring from outside is well reported. Question: is this positive absorption, or are just as many leaving? Leaving is not well reported."
While pointing out all the problems, most felt that things got a little better in 2012. As far as 2013, one respondent advised, "Hope for the best, plan for the worst."