Real Estate - Real People

This growth, combined with the exodus of skilled and semi-skilled labor, post-May 1st 2004, is impacting delivery schedules, completion targets and handover dates. This invariably has implications on budgeting for the entire construction process and fit-out, with spiralling costs being constantly quoted and the net cost effect per sqm.

In addition to these factors, the amount of labor movement within the market is also impacting business, with professionals substantially increasing their options and their remuneration in search of new opportunities.

To try and curb this trend and inject some stability, we at Headcount Solutions are advising clients on the implementation of a clearly defined career and reward mechanism that assists in reducing the headcount turnover. A "real" question that we ask clients to consider: "What is the cost of replacing your most valuable employee(s)?"

And while retention strategy goes some way, no system is bulletproof, and therefore it is strongly advised to have a plan B ready for action in order to minimize your risk exposure.

Within Headcount Solutions, our Real Estate team will advise on the skills that are available on the market and an action plan of sourcing will be implemented to ensure that your risk is minimized. These processes take skillful implementation and coordination to ensure that given timeframes are adhered to.

As the industry has been, and is, maturing, so too has the need for professionals grown. It's not restricted to the process of construction, but includes all facets of the post-construction expertise in areas such as facility management, center management, client support, valuation advisory, legal advisory, financial advisory, etc. The knock-on effect to this growth area is ever-increasing and therefore the demand for limited expertise and experienced people follow suit. Your partnering strategy ensures that your organisation is prepared and not exposed to the whims of a buoyant market. To use an old cliché: "Fail to prepare, then prepare to fail."

And when demand is high, budgets have to be conditioned to reflect the market value, not just of new employees, but also of existing staff. As I mentioned already "What is the cost of replacing your key employee(s)?"

With a clearly defined strategy in conjunction with your Headcount Solutions partner, the goal is to minimize the impact on your business and that is where partnership comes into play. This strategy ensures consistent action as opposed to reaction and the dreaded fire fighting scenario! Ultimately it's all about understanding the requirement, measuring the needs and the result is Real People for Real Estate.

Seamus Pentony

Regional Managing Partner

Headcount Solutions

Tel: +48 22 596 3800

seamus.pentony@headcount.pl

www.headcount.pl