Surprise, Surprise

I recently read an article in the Wall Street Journal about a study performed by DDI (Development Dimensions International), a global talent management firm, that indicated that only 51% of new hires are confident that they made the right decision when they accepted a new job. The report went on to say that the main reason for the skittish behavior is that they received an inaccurate picture of the job and “internal” situation at the company. Listen, we all go into “sell mode” when we find a candidate that we like who fits bull’s-eye for the role, but as indicated by the survey results, all too often hiring managers go over the line and do not disclose important facts about internal politics, weak performers who will impact the new recruits role, or they spend inadequate time providing a comprehensive position description or realistic “MBO’s that will impact the new recruits’ year-one role. The first six months are critical for a new employee, regardless of the level, to integrate into a new company in a new role. It behooves hiring managers to find the right balance between selling and adequate disclosure when interviewing candidates, otherwise you may be in for an expensive and time-consuming turnover in the ranks of fresh new talent.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

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PENN-FLORIDA Vice President, Acquisition and Research (BOCA RATON, FL) Penn-Florida Companies, a Boca Raton-based property owner, manager and commercial development company, is seeking a highly-qualified individual to support property acquisition activities as well as manage various research and analytical requirements of the organization. Duties include evaluating feasibility of new and potential projects along with senior management and planning teams; analyzing both debt and equity investments across multiple property types; managing property level owner and partner-equity account reporting requirements; creating budgets, pro-formas, and economic analysis including property-level ARGUS models; making recommendations to align the company-wide real estate portfolio with the organization’s goals, needs, and acceptable risk levels; and overseeing market research and maintains an active knowledge of the market including trends, market rates, and competitive projects. 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Responsibilities include: assisting with strategy development portfolio construction; building and maintaining portfolio modeling tools; preparing investment recommendations and presenting them to Townsend’s investment committee for comment and approval; preparing quarterly performance reports; overseeing the administration of existing and prospective client investments; participating in research projects and other market analyses; and evaluating manager performance and other prospective investment due diligence initiatives. Promotions SUBMIT A PROMOTION

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