Issue 14: Ramblings of a recruiter in Real Estate

Issue 14: Ramblings of a recruiter in Real Estate

In this issue, I will reveal more of the analytics from our insight into UK salaries, a leader on our podcast from the World’s most talked about development project and more than a healthy helping of our most recent instructions in UK development careers.?

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I have picked one topic which particularly interested me to share here:

In recent years, the average tenure an employee will stay with their employer has been on a steady decline. Millennials and all their badges have been credited with making plenty of changes to the workplace, the oldest of that group will be 42 years old in 2023. Today the average tenure, with the same employer, for those under 45 is?3 years and 4 months.?Not surprisingly, it is the youngest category, those referred to as GenZ aged 26 years and younger have the shortest average tenure dropping below 2 years (1.9 years) for the first time. With this trend, do employers have realistic goals for their staff retention and are they doing enough to meet the demands for career progression in these groups??

Employers can access the results of Macdonald & Company 's global salary and rewards data now, contact me for more details. You can examine the top 5 most valued aspects of work by age group as well as the most common benefits in your peer group, the median, upper quartile and top percentile salaries across 70 job functions, 18 asset classes and 11 employer types from as little as ￡750 ex VAT.??

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In our latest episode of our market-leading podcast Accelerating Careers in Real Estate, we get to hear from Giles Pendleton FRICS , Executive Director of Development for what has in recent times been the most talked about development in the world. A scheme which is intended to accommodate 9 million people, 170 km long, 500m tall but just 200m wide. It is of course The Line, part of the wider NEOM Masterplan in Saudi Arabia. Giles is no stranger to mega projects, so I was very excited to hear what he has learnt about himself and the tools necessary to succeed when the stakes are so large.?

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We talk about a career not held back by geographic boundaries, major projects and the importance of mentors.?You can listen in full using the links below:

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Finally, we turn our attention to the most recent hiring activities of the UK development team at?Macdonald & Company. The march for senior talent remains to be very pronounced and creates opportunities for very high-impact individuals. If you are considering hiring or considering your next career move then do not hesitate to contact a member of the team or me.?

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Executive Development Director, Commercial Use ￡200,000 to ￡250,000 per annum plus up to 80% bonus

Development Director (Pan European) Acquisition and Planning,?Commercial and Logistics use ￡120,000 to ￡140,000 per annum plus a 40% bonus

Head of Development Management, Commercial and Life Science ￡120,000 to ￡140,000 per annum plus a 50% bonus

Senior Project Manager, Logistics use ￡90,000 to ￡110,000 per annum plus a 35% bonus

Senior Development Manager,?Residential use ￡75,000 to ￡90,000 per annum plus a 30% bonus

Development Manager, Residential / Alternative Residential use ￡65,000 to ￡80,000 per annum plus a 30% bonus

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You can help contribute to this newsletter and the podcast: If you would like us to cover a specific aspect of the real estate recruitment market then please get in touch. If you have a suggestion for a guest or mini-series for the podcast, I would greatly appreciate your help and feedback.?