Issue 37 of "Ramblings of a Recruiter in Real Estate"

Welcome to Issue 37 of "Ramblings of a Recruiter in Real Estate" – your exclusive insider's guide to navigating the exciting world of real estate recruitment in 2024!

March is the month to talk bonuses in real estate. Are you getting one? How much and how will it be paid? These are hot topics across the industry so keep reading to find out more.

Who is on a hot streak, and which bosses are sat in the hot seat? I will reveal the headlines below and details on how you can request a bespoke report. I also share our latest podcast, with Freddie Fforde , Founder of Patch the business championing Work Near Home. He shares his vision for building a business in real estate but whose focus is talent and creating spaces for that talent to meet and thrive on every High Street in the UK. Lastly, I share a sample of the live requirements the Development team at Macdonald & Company are leading on… so what are you waiting for?

???? Money talks, but could it make you walk? ???? Bonus / Commission was widely received this year. We saw 66.1% of respondents received a bonus or commission, compared to 69.8% last year. As part of our global salary, rewards and benchmarking service we compared the bonuses paid by employer type and asset class, the figures produced are fascinating and available to order by employers through bespoke reports starting from ￡750.

However, I can share some snippets with you: the greatest bonus payers by total reward value are the Investor and Fund employers paying on average bonuses of 86.2% (up from 44.4% in 2022-23) of salary across all seniorities and responsibilities combined. The greatest bonus payers by asset class are those employers whose primary focus is in Alternative Residential (PBSA, Co-Living, Later Living) whose staff collectively benefit from 69% of salary paid in bonuses. If you are yet to set your bonus awards or are curious to see how your peer group are handling bonuses and total rewards please get in touch with me on LinkedIn to carry on a discussion.

??? New Podcast Episode: Meet Freddie Fforde, Founder of Patch and the Disruptor Mindset This fortnight's Accelerating Careers in Real Estate Podcast episode features Freddie Fforde, Founder of Patch.

"Your frustration, if you channel it right, is your competitive advantage."

Join an inspiring conversation with Freddie, founder of Patch, as he shares his journey from challenging norms to redefining real estate. Explore his passion for creating opportunity, fostering community, and disrupting traditional workspaces. Two key themes we discuss include: Challenging Traditional Notions: Freddie challenges traditional notions of real estate by launching Patch without prior real estate experience. He emphasises the importance of bringing new perspectives and ideas to an industry that often lacks innovation, highlighting the value of his startup mentality in driving change. Mission and Values: Patch's mission is to create opportunities for people, work, and community on every UK high street. Rooted in values of nearness, balance, and sustainability, Patch aims to go beyond traditional coworking spaces to become centres of local life and work, fostering belonging and celebrating community. You can listen:

?? Explore Macdonald & Company's Career Opportunities Discover exciting roles in the UK Development sector, powered by Macdonald & Company

1. Commercial Director: reporting to the Development Director, you will be leading on pre and post-contract for a developer of this major residential development. ￡130,000 to ￡150,000
2. Project Director: Leading appraisals, optioneering and professional teams in mixed-use new build development across London. Can you demonstrate financial acumen and creativity? ￡110,000 to ￡130,000
3. Senior Development Manager: Have you a track record in major commercial refurbishments, from a client's perspective the rejuvenation of office stock to create outstanding workspaces. ￡90,000 - ￡120,000.
4. Build to Rent Project Manager: Taking responsibility for projects in the living space, new build and asset improvement across the UK. ￡75,000 to ￡85,000
5. Hotels Project Manager: Aiding in the expansion of this leading hotelier in the refurbishment of high-quality amenity spaces. Conscious of retrofit, quality, and sustainability. Salary ￡55,000 - ￡65,000.

?? Shape the Future with Us! We value your input! Do you have a real estate recruitment topic or podcast guest in mind? Let's collaborate! As we wrap up, stay tuned for more updates, insights, and transformative opportunities in real estate. Keep reading and chasing those real estate dreams! ?????