To read this full article you need to be subscribed to Institutional Real Estate Europe
The road to diversity and inclusion: Attracting and retaining young talent in the real estate industry
Diversity, equity and inclusion (DEI) ini- tiatives in the real estate industry were undoubtedly shaken up during the global pandemic. According to the INREV and ULI DEI in Europe Paper, while the pandemic caused a tidal wave of disruption, it also spurred a positive shift in expectations, leading to a greater and much-needed focus on employees.
For many, it served as a moment of recalibration, with the new hybrid-working regime enabling employees to communicate with greater openness and honesty about their personal needs, from flexibility around family life, to mental health and wellbeing support.
It has only taken the industry so far, however. Now, all market participants must maintain the momentum behind DEI, or risk damaging employee engagement to the detriment of their businesses. Attracting young talent in an increasingly competitive market remains one of the most significant success factors for the European real estate industry.
To date, recruitm