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What do you do if your Real Estate Development team lacks diversity and inclusion?

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Diversity and inclusion are not only ethical values, but also strategic advantages for real estate development. A diverse and inclusive team can offer different perspectives, insights, and solutions to complex challenges, as well as appeal to a wider range of customers, partners, and investors. However, achieving diversity and inclusion in real estate development is not easy, as the industry has historically been dominated by white males and faces many barriers to entry and advancement for underrepresented groups. If your real estate development team lacks diversity and inclusion, here are some steps you can take to address the issue and improve your performance.

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Nat Andrews

Certifiers2U有限公司的董事兼联合创始人 - 诚信, 品质, 服务
Rozita Harun??????

Retired
Yazan Shadeed

CEO @ Inches Real Estate | VP @ Jordanian Association For Real Estate Valuers | Real Estate Investor | IT Enthusiast |…

1 Assess your current situation

The first step is to understand where your team stands in terms of diversity and inclusion. You can start by collecting and analyzing data on the demographics, backgrounds, experiences, and opinions of your team members, as well as the diversity and inclusion policies and practices of your organization. You can use surveys, interviews, focus groups, or external audits to gather this information. The goal is to identify the gaps, strengths, weaknesses, and opportunities for improvement in your team's diversity and inclusion.

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2 Set clear and measurable goals

The next step is to define what you want to achieve in terms of diversity and inclusion, and how you will measure your progress and success. You can use the SMART framework to set specific, measurable, achievable, relevant, and time-bound goals that align with your vision, mission, and values. For example, you can set a goal to increase the representation of women or people of color in your team by a certain percentage or number within a certain time frame, or to improve the satisfaction and retention of your diverse team members by a certain score or level.

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Yazan Shadeed

CEO @ Inches Real Estate | VP @ Jordanian Association For Real Estate Valuers | Real Estate Investor | IT Enthusiast | Passionate Innovator
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Setting specific and measurable goals is pivotal for diversity and inclusion. Specific goals provide clarity, like increasing underrepresented group representation. Measurable goals track progress, such as diversity metrics or employee satisfaction scores. They ensure accountability, transparency, and guide meaningful change towards more inclusive workplaces.

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3 Implement effective strategies

The third step is to implement strategies that will help you reach your diversity and inclusion goals. Depending on your context and needs, there are many possible strategies you can adopt, such as recruiting from diverse sources, providing training and mentoring programs, creating a culture of respect and collaboration, encouraging feedback and dialogue, recognizing and rewarding contributions from diverse team members, and partnering with external organizations that support diversity and inclusion in real estate development. All of these strategies can be highly effective in fostering a more inclusive environment.

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4 Monitor and evaluate your results

The final step is to monitor and evaluate the results of your diversity and inclusion efforts. You can use the data and metrics that you established in the second step to track and measure your performance and impact. You can also use qualitative methods, such as testimonials, stories, or case studies, to capture the experiences and outcomes of your team members and stakeholders. The purpose is to assess what is working well, what is not working well, and what can be improved or changed in your diversity and inclusion strategies.

Diversity and inclusion are not only desirable, but also necessary for real estate development. By following these steps, you can transform your team into a more diverse and inclusive one that can deliver better results and create more value for your organization and society.

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Yazan Shadeed

CEO @ Inches Real Estate | VP @ Jordanian Association For Real Estate Valuers | Real Estate Investor | IT Enthusiast | Passionate Innovator
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Monitoring and evaluating the results of diversity and inclusion efforts is crucial for real estate development. Utilize established data and metrics to track performance and impact. Incorporate qualitative methods like testimonials and case studies to capture experiences. Assess what works well, what doesn't, and areas for improvement in diversity strategies. This ensures your team evolves into a diverse and inclusive force, enhancing results and creating value for your organization and society.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Nat Andrews

Certifiers2U有限公司的董事兼联合创始人 - 诚信, 品质, 服务
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Does thinking about diversity and inclusion really matter in real estate development? Some may be put off by this question. My intention is that we select, encourage and nurture the best people for the job. No matter their status, background or characteristics. Labelling them or a company as ‘diverse’ or ‘inclusive’ can alienate the very employees you seek. Embrace diversity of thought every day and you will thrive.

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Rozita Harun??????

Retired
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Engaging interns to make up more diversity and inclusion is a cost effective step especially when you require more help with your existing team. Infact I have found them to be a tremendous help and you can always reward them by giving them a bonus percentage of commission from successful sales revenue and profit.

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??Mohamed Allam??

LinkedIn Top Voice | Family Office Advisor | Artificial Intelligence | Building Scalable AI Solutions | Tourism & Real Estate Promoter
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If your Real Estate Development team lacks diversity and inclusion, consider the following steps: Assess the Situation: Understand the current state of diversity and inclusion within the team. Educate and Train: Provide diversity and inclusion training to team members. Recruit Diverse Talent: Actively seek out diverse candidates during recruitment. Create an Inclusive Culture: Foster an environment where everyone feels valued and included. Review Policies: Evaluate existing policies to ensure they promote diversity and equity. Hold Leadership Accountable: Ensure leaders champion diversity and hold them accountable for progress.

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What do you do if your Real Estate Development team lacks diversity and inclusion?

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2

3

4

5

1 Assess your current situation

2 Set clear and measurable goals

3 Implement effective strategies

4 Monitor and evaluate your results

5 Here’s what else to consider

Real Estate Development

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What do you do if your Real Estate Development team lacks diversity and inclusion?

1

2

3

4

5

1 Assess your current situation

2 Set clear and measurable goals

3 Implement effective strategies

4 Monitor and evaluate your results

5 Here’s what else to consider

Real Estate Development

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