Residential Estate Industry Journal 5 | Page 50

EMPLOYMENT AND RETENTION One of the biggest challenges facing organisations today is finding and acquiring the right staff as suitable people are usually limited in supply, but in high demand. To win in the marketplace you must first win in the workplace. Doug Conant Not finding the right staff member can make recruiting industry where they may not stay long. However, very costly, especially for smaller organisations who the board must trust that its employees – in being may lack the resources and time of larger businesses nurtured, involved and informed – will feel they add – HOAs find themselves in this space. value. This knowledge, combined with intrinsically rewarding work and scope for career development, So, if the right staff member is hard to find, should an will ensure that not only do employees add value to HOA not do everything they can – firstly, to employ the the HOA, but that the HOA also adds value to them. right person, and secondly, to ensure that they can retain this person by providing the right conditions for career development and growth? In theory the answer is yes. In practice, however, this may turn out differently if Tell me and I forget. Teach me and I remember. Involve me and I learn. Benjamin Franklin the HOA does not know what its culture is or has not first looked internally to see if the right people are In today’s economic climate, with ever-increasing already in the right roles. A hard look at the HOA’s costs, employees are working beyond retirement leadership style is required. For example, does the age, and are not only searching for a company HOA want someone in this position who follows the that remunerates well, but are also looking for a processes currently in place, or someone who can meaningful long-term job, doing what they enjoy in bring something new that could improve what they a positive committed environment where they feel currently offer? they are recognised, and that provides them with a platform for career development. Once all these factors have been ascertained, and employees who are committed to achieving the goals of the HOA have been hired through the right recruitment practices, the HOA needs to ensure that it does not fail to accommodate the expectations of the person employed. Mentoring and coaching are essential to ensure that employees understand When people are financially invested, they want a return. When people are emotionally invested, they want to contribute. Simon Sinek the HOA culture and what is required of them. It is understandable that sometimes employers are reluctant to make big investments in staff in an Sandy Mc Cann 50