US employment growth continues to churn ahead, last month producing 222,000 jobs, continuing the 81-month stretch of job growth since October 2010. This phenomenal track record has resulted in the unemployment rate touching a 16-year low in May, and job openings hit a record high earlier this year. So with all this exceptionally good news, why aren't wages keeping pace and rising?
Tepid growth on the wage front is confounding many because income should, in theory, rise faster as employers compete for increasingly scarce talent. The Wall Street Journal last week noted that a more globalized economy is holding down what workers can earn everywhere, especially in rich countries who are losing manufacturing jobs to lower-wage economies. The other issue is the reduced power of unions that is dampening the bargaining power of workers. On the corporate front, we observe that corporations continue to hold the line on fixed salary growth and are shifting emphasis to higher variable compensation.
Alas, for JQ Worker, the healthy economy and job growth is not providing much juice in the paycheck.
Job Listings
MADISON MARQUETTE
Specialty Leasing/Merchandising Manger
(SEATTLE, WA) Manager will lease temporary space to tenants on terms favorable to the Company; design and operate a Maker Market of brands and retailers. Duties include generating new lead and income, negotiating deals, and maintaining accounts.
SAVILLS STUDLEY, INC.
GIS Developer
(NEW YORK, NY) Role includes automating new and existing ESRI workflows utilizing ModelBuilder and/or Python scripts; creating maps, data, and reports; and supporting the GIS senior manager in the development and execution of both web-based and desktop GIS applications.
GREEN COURTE PARTNERS
Associate
(CHICAGO, IL) Associate will provide critical analytical support to Green Courte's acquisition activities and will be an integral member of the firm's transaction team. Duties include: sourcing prospective acquisition markets and assets based on Green Courte's investment criteria; and performing market analysis summaries for potential acquisitions opportunities.
PIEDMONT OFFICE REATLY TRUST
Tenant Service Coordinator
(MINNEAPOLIS, MN) Coordinator will perform administrative and clerical work as related to tenant services for a city-wide portfolio and supports property management in other routine functions.
THE COLLIER COMPANIES
Financial Analyst
(GAINESVILLE, FL) Role will prepare comprehensive financial and market analysis for refinancing existing debt with institutional lenders; learn policies and procedures of institutional capital providers and work with all outside and 3rd parties to arrange and close the financings; and conduct market research for investment opportunities and prospective acquisitions.
FIDELTY INVESTMENTS
Portfolio Analyst, Tokyo – Pembroke Real Estate
(BOSTON, MA) Pembroke Tokyo is looking to hire an English and Japanese speaking Investment Analyst as a key member of the Tokyo team based in Minato Ward. The role will be focused on reporting and analysis for asset management, development projects and new acquisitions.
HERMAN & KITTLE PROPERTIES
Sr. Acquisitions Analyst
(INDIANAPOLIS, IN) Analyst will be responsible for working on the acquisition of the limited partner interests within the existing affordable housing portfolio from initial review to closing by focusing on the analysis of partnership documents, valuation of the partnership interest and acquisition strategy.
NORTHMARQ CAPITAL
Investment Analyst
(SALT LAKE CITY, UT) Analyst will be responsible for providing support to Salt Lake City office through underwriting, loan request/investment report packaging, due diligence, closing, servicing and various support functions.
US employment growth continues to churn ahead, last month producing 222,000 jobs, continuing the 81-month stretch of job growth since October 2010. This phenomenal track record has resulted in the unemployment rate touching a 16-year low in May, and job openings hit a record high earlier this year. So with all this exceptionally good news, why aren't wages keeping pace and rising?
Tepid growth on the wage front is confounding many because income should, in theory, rise faster as employers compete for increasingly scarce talent. The Wall Street Journal last week noted that a more globalized economy is holding down what workers can earn everywhere, especially in rich countries who are losing manufacturing jobs to lower-wage economies. The other issue is the reduced power of unions that is dampening the bargaining power of workers. On the corporate front, we observe that corporations continue to hold the line on fixed salary growth and are shifting emphasis to higher variable compensation.
Alas, for JQ Worker, the healthy economy and job growth is not providing much juice in the paycheck.
Job Listings
MADISON MARQUETTE
Specialty Leasing/Merchandising Manger
(SEATTLE, WA) Manager will lease temporary space to tenants on terms favorable to the Company; design and operate a Maker Market of brands and retailers. Duties include generating new lead and income, negotiating deals, and maintaining accounts.
SAVILLS STUDLEY, INC.
GIS Developer
(
GREEN COURTE PARTNERS
Associate
(CHICAGO, IL) Associate will provide critical analytical support to Green Courte's acquisition activities and will be an integral member of the firm's transaction team. Duties include: sourcing prospective acquisition markets and assets based on Green Courte's investment criteria; and performing market analysis summaries for potential acquisitions opportunities.
PIEDMONT OFFICE REATLY TRUST
Tenant Service Coordinator
(MINNEAPOLIS, MN) Coordinator will perform administrative and clerical work as related to tenant services for a city-wide portfolio and supports property management in other routine functions.
THE COLLIER COMPANIES
Financial Analyst
(GAINESVILLE, FL) Role will prepare comprehensive financial and market analysis for refinancing existing debt with institutional lenders; learn policies and procedures of institutional capital providers and work with all outside and 3rd parties to arrange and close the financings; and conduct market research for investment opportunities and prospective acquisitions.
FIDELTY INVESTMENTS
Portfolio Analyst, Tokyo – Pembroke Real Estate
(BOSTON, MA) Pembroke Tokyo is looking to hire an English and Japanese speaking Investment Analyst as a key member of the Tokyo team based in Minato Ward. The role will be focused on reporting and analysis for asset management, development projects and new acquisitions.
HERMAN & KITTLE PROPERTIES
Sr. Acquisitions Analyst
(INDIANAPOLIS, IN) Analyst will be responsible for working on the acquisition of the limited partner interests within the existing affordable housing portfolio from initial review to closing by focusing on the analysis of partnership documents, valuation of the partnership interest and acquisition strategy.
NORTHMARQ CAPITAL
Investment Analyst
(SALT LAKE CITY, UT) Analyst will be responsible for providing support to Salt Lake City office through underwriting, loan request/investment report packaging, due diligence, closing, servicing and various support functions.
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
