Loyalty a top priority for property industry employers

by AB14 Oct 2013

Property/portfolio managers, asset managers and residential valuers are three of the professionals most sought by employers as candidate movement and the preference for people with solid tenure in previous roles impacts hiring decisions, according to recruitment agency, Hays Property.

The company’s latest Hays Quarterly Hotspots list of skills in demand shows staff movement is creating vacancy activity as people decide to change employers.

"The movement of candidates onto the jobs market to explore their options and change employers is fuelling an active jobs market," says Chris Kent, regional director of Hays Property.

"The majority of vacancy activity is the result of replacing departing staff rather than the creation of new roles. Employers will act fast if an employee leaves a business critical role.”

Kent says this movement isn’t a reflection of the unemployment rate, but is actually a positive sign that candidates believe they can improve their prospects by looking for a new job.

"As a result, overall vacancy activity is expected to increase this quarter…But employers prefer candidates with a solid history of tenure with their previous employers. Candidates who have changed employers often aren't viewed as favourably as those who have been loyal for several years.

Kent says his company has also seen the recruitment process lengthen as employers become more thorough when assessing candidates.

"They often want to make sure their candidate of choice has a broad skill set so that they gain the most value from new hires."

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