The Wall Street Journal reported that the consulting firm of Aon Hewitt published the results of a survey that businesses are planning to keep budgets for raises relatively flat in 2018, while continuing to devote more payroll dollars to performance-based pay. Despite low unemployment and increased competition for talent, companies are bearish on across-the-board pay raises. “Organizations are expressing reservations about the years coming and, for the first time since the recession, are signaling doubt or uncertainty about what they think their performance will look like in the coming year,” he said.
Companies are paying to keep their highest performers happy and in place, with an average 12.5% of payroll going to incentive and bonus pay next year, while reducing or eliminating raises for low performers. This did not surprise me. We have observed that companies are keeping their belts tightened, raising the bar on hiring, demanding more performance, and paying-up only for top performers. For the rest, it will continue to be skimpy pickens.
Job Listings
TRAMMELL CROW RESIDENTIAL
Project Manager
(WELLESLEY, MA)
Project Manager will be responsible for overseeing all aspects of the construction of multiple residential communities, including providing leadership to the project teams in order to satisfy the construction goals with regard to schedule completion, quality, cost control and profitability. (Sponsored Job)
HINES
Property Manager (Hines@Amazon)
(SEATTLE, WA)
Position will provide day-to-day operations management of the property and maintain professional and courteous relationships with tenants and contractors. Responsibilities include but are not limited to: tenant relations, property operations, tenant construction and lease and contract administration.
WNC & Associates, Inc.
Assistant Project Manager
(IRVINE, CA)
Duties include: supporting Project Managers in underwriting and closing equity investments on affordable housing communities throughout the nation, utilizing federal Low Income Housing Tax Credits (LIHTC). Position will be responsible for managing due diligence, assisting in the preparation of committee and investor packages for approval, managing third party vendors, and providing support to the Project Managers.
CIM GROUP
General Manager, CCLA – Mexico
(MEXICO CITY, MEXICO)
Position will be responsible for overseeing all administrative, accounting and financial matters of CCLA and for leading, and coordinating the internal processes across the CCLA platform. Position will also be responsible for assisting and executing the operational plan as decided by the CCLA Board.
GEORGIA STATE UNIVERSITY
Lecturer in Real Estate
(ATLANTA, GA)
Candidates are sought for one or more non-tenure track faculty appointments in the Department of Real Estate to be effective Fall Semester 2018. Appointment is renewable annually, but is not limited in duration. Candidates must have a Master's or Doctorate Degree from an AACSB-accredited institution (or similarly accredited international university) and demonstrated capability in high-level classroom instruction.
BROOKFIELD PROPERTIES
General Manager, Operations
(LOS ANGELES, CA)
Position will manage two high-rise office buildings with a connecting three-story retail plaza, and will be the primary contact for tenants, third party vendors, contractors, retailers, and Brookfield Office Property employees. The GM manages all property operations including occupancy, use, repairs, maintenance, security, improvements, and general well-being of the properties.
BENTALL KENNEDY (U.S.)
Financial Analyst, Asset Management
(SEATTLE, WA)
Analyst will provide analytical support to the asset management team for property operations, dispositions, acquisitions, and due diligence of commercial real estate investments.
COUSINS PROPERTIES INCORPORATED
Financial Analyst
(ATLANTA, GA)
Analyst will perform analytical and financial support activities related to acquisitions, dispositions, development, leasing, property forecasting and portfolio analysis. In addition, position will develop, maintain and enhance a variety of financial models and work as part of the Investments and Asset Management Team to present financial and other analysis in an accurate and informative manner.
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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.
