Strong Market Keeps Recruiters Busy as Ever
The Real Estate Alert article, “Strong Market Keeps Recruiters Busy as Ever," quoted Russell Reynolds Associates Consultant Debra Barbanel on the cruciality of maintaining deep relationships with potential candidates. The article is excerpted below.
Demand for commercial real estate professionals remains unabated, fueled by a growing cast of firms seeking a wider range of expertise and qualifications.
Recruiters report their pipelines of assignments are as big or bigger than they were a year ago. And there aren’t enough qualified professionals to go around, making for an increasingly competitive hiring environment that requires more effort to fill each opening.
Recruiters also have to stay in closer touch with potential candidates than ever before. “Because of the competitive nature of the market, you need to have an even deeper relationship with your top five candidates . . . and stay close to them as many entertain multiple offers,” said Debra Barbanel, who leads the global real estate practice at Russell Reynolds Associates.
To read the full article, click here.