Workforce & Culture
REITs prioritize the people in their businesses through formal programs focused on attracting and retaining top talent and addressing the needs of a diverse workforce.
REITs Prioritize Talent Management
REIT investment and operating activities require a wide range of professional, technical, and financial skills. REITs recognize that a formal, strategic approach to attracting and retaining top talent requires an understanding of employee perspectives and intentional actions to support the needs of their current and future workforce.
REITs are advancing strategies to grow leaders and create inclusive workplace cultures that drive innovation and productivity. By providing regular feedback, REITs can demonstrate to employees that they are focused on career development, which can lead to more profitable and stable business outcomes.
REITs Support Employee Development and Benefits
REITs boost employees’ skills through training and career development programs that support long-term business strategies and help drive profitability. By formalizing training programs and regular updates on business processes, REITs can provide employees with the skills and resources needed to do their jobs, grow the business, create value, and reduce operational risk. Many REITs offer a workplace culture that values and supports employees’ overall health and wellness, which supports the attraction and retention of top talent. By providing flexibility and benefits that consider the diverse needs of employees across the organization, REITs can offer competitive employment opportunities.
REITs Foster Inclusive Workplaces
REITs are finding new ways to provide welcoming and inclusive workplaces for employees, including those from diverse backgrounds. By dedicating resources to support and grow a culturally diverse workforce, REITs can expand the hiring pool of candidates and open up new opportunities for career paths in real estate to individuals from all backgrounds.
REITs include diverse perspectives from a broad range of employees to develop, implement, and review strategies, employee resources, and engagement activities focusing on inclusion. REITs continue to strengthen and expand how they address the needs of their workforce through policies and practices that promote more inclusive approaches to recruiting and hiring, as well as fostering a workplace culture that invites creativity and supports innovation and growth.
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REITs Invest in HBCU Programs to Ensure Visibility of CRE Career Paths
REITs Address Pay Equity and Report Workforce Composition
An increasing number of REITs address pay equity in their workforce by analyzing compensation by gender and race/ethnicity. As a result, many are implementing programs that increase salary transparency. REITs provide transparency on the demographic breakdown of their workforce and executive leadership by gender and
race/ethnicity.
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