Real estate is a relationship driven industry and LYNOUS has an extension network. Each of our recruiters is actively involved in industry associations, hold board positions and participate in supporting the community. We leverage our extensive contact base to identify and recruit top talent for our clients.
Extensive research indicates that commercial real estate’s biggest challenge lies in obtaining and retaining top talent. A recent Commercial Real Estate Job Summit at Cornell University identified talent management as a critical strategy to ensure continued success. National studies indicate that employee turnover is costing corporations $25 billion dollars a year. The average turnover rate at any given company is 12%. It has been calculated that the cost of losing and replacing a strategic or critical employee starts at 150 percent of the value of that employee’s compensation package. Not all the costs can truly be measured, but they can be broken down into 4 areas: separation costs, vacancy costs, replacement costs and training costs.
Industry leaders, are developing and expanding talent management strategies to fend against the shortage of labor, attract new talent, and retain top performers. LYNOUS works with clients to develop a Talent Management program that addresses how best to locate, attract and select top talent. Talent Management also focuses on on-going development, education, and career advancement to key employees. This is a critical component to mitigate the risk of employee turnover. LYNOUS Talent Management strategies result in a high performing company for which all employees are contributing at an optimum level.
Top performers represent only 20% of the workforce but achieve up to 70% greater profitability than average performers. Successful organizations know that business performance is driven by talent and understand that executive search is an effective talent acquisition strategy for targeting top talent and gaining access to passive candidates. The passive candidate pool makes up more than 80% of the talent base.
"LYNOUS recruiters can be described in two words: Professional and Personable. They are outgoing and their professional attitude helped make easy the decision to transition from the large corporate world to a private company in today's economic theater. It was the RIGHT decision!" Asset Manager