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Boost Employee Retention within the Property Management Space

Did you know the career turnover rate within our industry is approximately 33%?! Nearly 10,000 baby boomers retire every day, leaving many positions unfilled within the property management space.  

Back in October, we created a post surrounding the topic of finding a profession in the industry of Community Management. We spoke about how these careers are valuable and needed today more than ever.  Due to an increase in population and homes being built every year; we need community managers to serve properties and homeowners across the U.S. more than ever.

CAI has created an educational component for college graduates to get some experience in the industry and facilitate more interest. But there’s another aspect to this equation, we need to retain this talent.

Today’s workforce grew up with technology, and they want to work day in and day out with solutions that are easy to navigate and promote efficiency for all. Another reason why employing a seamless software experience is so essential to overall success.

Employees are more likely to stick around if;

  • They feel valued & a part of a bigger picture
  • Your company pays competitively
  • You promote a flexible work atmosphere
  • Pair them with good supervisors

 A few traits of a high-quality team member include,

  • Dedicated
  • Detail Oriented
  • Responsive
  • Technologically Advanced  
  • Committed  

Retaining talent is a big concern, a study by Gartner found that high potential employees are at greater risk of leaving. But by giving them a bit more freedom, allowing them to leverage technology, and keeping communication open, you can help increase retention. We wish each and every management company the best of luck when working to attract new talent this year, to learn more about CAI’s program visit their website today!  

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