| Bid Back - 07.27.2010 Bid Back v. 1. Counter-offer to a resignation by an employee; 2. Coughing-up more salary, cash bonus and a higher title to keep someone on the company team until you can replace him or her as soon as possible for lack of loyalty. A sure sign that business is on the road to recovery is the return of the “bid back”, today’s version of “counter-offer.” We have observed of late that employers across all sectors are increasingly concerned about losing key employees and are willing to ante-up to keep them on the bench. Historically, conventional wisdom advised to “never accept a counter-offer.” However, recently it is more acceptable, and considered okay, to accept a bid-back. My advice is that, if you do, keep a sharp lookout over your shoulder.
Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own. |
| THE PNC FINANCIAL SERVICES GROUP Investment Fund Manager – Tax Credit Capital (PORTLAND, OR) The fund manager will responsible for maximizing PNC’s investors’ return through managing the performance of several institutional investment funds comprised of LIHTC properties from the initial closing through the term of the investments; among other duties. COLLIERS INTERNATIONAL Regional Manager (MONTREAL) The regional manager will manage greater than 1 million square feet with 25 properties; build a personal relationship with the client to establish a solid foundation of trust and confidence develop a clear understanding of the client’s specific needs and preferences; and lead and motivate a regional multi-disciplinary service team; among other duties. NYU LANGONE MEDICAL CENTER Vice President, Design & Construction, Real Estate Development & Facilities (NEW YORK CITY) The VP will have responsibility for design and construction activities supporting the mission of the Medical Center encompassing renovation and construction projects for hospital, research, clinical affairs (ambulatory care) and education programs, as well as administrative and support functions; among other duties. HARBOR GROUP INTERNATIONAL Chief Information Officer (NORFOLK, VA) The CIO will lead process of developing and implementing IT network and infrastructure across multiple locations/properties; be responsible for communications technology, including blackberry and other telephonic services, company’s networks, and remote access capabilities for field users; oversee software applications, including MRI, across multiple sites; and engage in long-term planning and strategy to define future requirements for system improvements on basis of technological developments and internal functional needs; among other duties. CB RICHARD ELLIS Transaction Manager (TORONTO) The transaction manager will prepare, recommend and implement a transaction strategy for acquiring and disposing of property; coordinate the negotiations of sales through a field broker; and negotiate leases and lease amendments to generate additional income for the client; among other duties. JONES LANG LASALLE Property Manager (SAN FRANCISCO) The property manager will proactively manage all real estate activities at the data center; manage and lead the JLL data center team in the senior property manager’s absence to include direct reports, dotted line reports and on-site consultants; manage various support contractors for the data center; interface with clients; and maintain administrative rent files/records; among other duties. BERKSHIRE PROPERTY ADVISORS, LLC Acquisitions Analyst (BOSTON) The analyst will underwrite the value of multifamily real estate debt and equity transactions; shop comparable properties to determine competitive amenities, rents and sales prices; assist property management in conducting due diligence on properties targeted for acquisition; develop and apply quantitative models to deals under consideration for acquisition; and develop capital budgets reflecting cost of renovations, rehabilitations and upgrades to properties to drive economic value; among other duties. FREDDIE MAC Multifamily Loan Restructuring Senior (MCLEAN, VA) The loan restructuring senior will review and approve resolution/disposition strategies for loans, as well as valuations of loans and REO; communicate with sellers/servicers about asset management issues and providing innovative and practicable solutions; analyze operating statements and third-party reports; prepare cash-flow projections, NCV analyses and business plans; and initiate foreclosure and provide input for bankruptcies, receiverships and other litigation; among other duties. |
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