Wall Street bonuses are projected to be from 5 to 10 percent lower this year, reports Johnson Associates in the NYT DealBook. How will the Real Estate industry fare? At the beginning of 2016, “SelectLeaders Hiring Trend Survey” reported 70% of our industry expect their total compensation (salary, commission, and bonus) to increase this year. And, their optimism was based on facts: 62% received a bonus the previous year. And, 58% reported an increase in salary and/or commissions in 2015. Hiring, and compensation, run on consumer confidence. We could track the 2016 extreme swings in the recruitment market, for both employers and job seekers, by the volatility of the election news. If you asked us in October, the low point of 2016, our predictions would have been neck and neck with the Wall Street survey. Ask us after the “Trump Rally” and we’re sticking to our Hiring Trends Survey results. Think going into 2016, our respondents knew a real estate guy would lead the economy?
About the SelectLeaders Job Barometer
The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.
About the SelectLeaders Real Estate Job Network
SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit selectleaders.com or visit our Job Network Career Centers: BOMA, CCIM, CREFC, GlobeST.com, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC