WASHINGTON, DC-An annual study released by the National Multi Housing Council has revealed that fewer apartment company employees are vacating their posts, but a sluggish economy means their decisions to stay will not be rewarded with as big an increase in benefits as they would have seen in past years. According to NMHC’s 2002 National Apartment Management Survey of Compensation and Benefits Practices–which covered a variety of apartment management jobs in 100 metropolitan markets for the year 2001–total employee turnover in the industry decreased to 26.6%, a 49% drop from the 54% mark in 2000.

“Part of the downturn is attributable to the programs that human resources officers at apartment companies have in place to attract individuals for a good fit with the companies that they run,” NMHC’s Jay Harris tells GlobeSt.com. “The screening programs that companies use are something that apartment human resources officers have spent a lot of time on in the last year or two, and it appears that the lower turnover rates are evidence that those screening and employee sourcing programs are starting to pay dividends.”

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