The Best and the Brightest: How to Retain Talent in the Current Market Environment
William Ferguson and Michael Herzberg, executives at advisory services provider FPL Advisory Group, answer this month’s reader’s question: “How can our company retain quality talent, given the economic downturn?”
Facing unprecedented times, executive hiring and compensation in the real estate and related financial services industries has been, and will continue to be, affected around the world. Smart companies are using the current economic contraction as a time to realign their organizational practices. Companies are focusing on improving and upgrading functions, such as portfolio or asset management and are giving particular attention to the preparation and development of future leaders in their organizations. It is in the management of human capital that the best companies will stand out from the rest.
AN IMMINENT TALENT GAP
One of the biggest challenges companies face today is sourcing the right human capital. While an estimated 3.6 million