Rayner Personnel Salary Landscape Report 2022/2023 - Manual / Resource - Page 7
7
UK TALENT SHORTAGE
With the construction industry in full swing, there is
a growing demand for skilled property professionals
to fill key roles. However, due to the impact of
Brexit, companies are struggling to recruit and
retain top talent due to the changes around
immigration restrictions.
The latest figures from the Office for National
Statistics show a significant skills gap of 93%
inthe real estate sector. This problem is further
compounded by an aging population, with many
experienced professionals set to retire in the next
few years and no new talent coming through
to replace them.
Additionally, the UK property market faces a severe
shortage of experienced professionals, with postrecession job losses still impacting the industry. This
has made it difficult for companies to find qualified
and experienced workers and those with the right
skills andqualifications. To address this growing issue,
companies need to take proactive steps to attract
and retain new talent. This begins with creating
a more inclusive workplace that provides equal
opportunities for all employees. It also involves
offering attractive benefits packages and incentives,
such as flexible working hours and generous
salary packages.
Companies need to actively increase their diversity
and inclusion initiatives as this will help them recruit
top talent from diverse backgrounds. However, the
recruitment process should also be streamlined to
ensure no discrimination against certain candidates.
IMPROVED JOB PERFORMANCE
BETTER RETENTION
When a new hire clearly understands the
expectations of the job as well as the
company culture, the performance is much
better. Take time to reduce ambiguity
around policies and responsibilities.
When employees are happy within a
company, the odds of them seeking other
opportunities are much lower. As a result,
stress reduction, improved performance,
and job satisfaction all add up to the
ultimate goal of higher rates of retention.
REDUCE STRESS
During onboarding, you can make sure
that the new employee understands
expectations and has a clear vision of the
company’s values, which will reduce the
stress that comes along with starting
a new job.
2022/2023 ANNUAL REPORT
INCREASED EMPLOYEE
SATISFACTION
By spending time with the new hire and
providing information about the goals
and vision of the company as well as
outlining the job duties, you can provide a
foundation for increased satisfaction.
0330 088 6666 | hello@raynerperpersonnel.com | raynerpersonnel.com