Retaining Negotiators... Opinion from Ed Mead

Posted on 19 Sep

In the last two weeks I’ve had similar conversations with the CEOs of some large and well-known independent companies. Each of them reminded me how difficult it was to retain staff, even at a good upmarket company like Douglas & Gordon when I was there.

We all know that dynamic young staff are agency’s life blood, but agents wouldn’t function, or more particularly win and service instructions, without their experienced operators.

Problem is that they get older, expecting different things out of their weekends - like being with their families or making time to do the things they want. Inevitably there’s going to come a crunch point when they’re expected to work some Saturdays, and it usually coincides with another, probably upmarket, brand offering a them a job where they don’t have to. With tech ever improving there’s also the danger they go and start up on their own from home and take some of your best customers with them.

The CEOs I have spoken to cite staff retention as one their top three problems and the reason it’s such an issue is the uptick in demand for weekend viewings. This demand isn’t going to go away and I’m not sure that judging a buyer by their willingness to come out during normal working hours is going to cut the mustard any more. Most ‘hard working families’ operate six says a week and only have a day a week to sort domestic stuff and younger buyers and tenants have embraced change in other industries and will in ours.

It’s been thrown into relief seeing that the way some clients have used my new business, by giving their negotiators two viewings to use each weekend until they get used to it. They say it’s a complete success, staff have their weekends back and make money out of viewings they’ve arranged, they use the viewings wisely, even as open houses. Staff love it, applicants love it, clients love it and agencies are making more money.

Many upmarket agencies use weekend staff where they can to relieve the burden on staff, so it’s not as if using non-branch staff is a disincentive to the buying and renting public. Indeed a survey we recently commissioned found that 81% would have no problem being shown round by an independent person.

Senior staff and weekend working is a festering issue for many and is usually not sorted with cash, it’s a life/work balance thing that seems to absolutely buy in to the existing zeitgeist. Even Richard Branson is getting in on the act by suggesting many need to see work as fun, and could do a *week’s work in three/four days. Employment power used to rest with employers, but increasingly it’s the other way around. It’s not showing any signs of going away and, from my ever-increasing contact with all sorts of agents, is becoming a bigger and bigger issue – solutions exist, but perhaps innovation needs to be looked at from a different angle.

 

*This article first appeared on Property Industry Eye

Build to Rent & Property Management

Posted on 15 Jul.

Property Management and Build to Rent are having to cost cut to maintain, or increase, yields. Proven Tech is giving operators the chance to operate a menu driven approach to service delivery helping drive costs down and yields up!

Work less hours: achieve more success

Posted on 08 Jul.

Estate agents across the country can breathe a sigh of relief after research finds that staff do not need to work extended or unsociable hours to achieve success.

Ed Talks Podcast - Ep. 10 with Tom Tennant

Posted on 04 Jul.

In this podcast episode, Ed invites Tom back into the recording studio. Tom is someone who has been at the forefront of what’s happening with changes in buy-to-let legislation and trying to adapt to them.

Our website uses cookies which are small files of letters and numbers that we put on your computer. These cookies allow us to distinguish you from other users of our website, which helps us to provide you with a good experience when you browse our website and also helps us to improve our website. Read more about the cookies we use by clicking here. By clicking CONTINUE you agree to cookies being used in accordance with our Cookie Policy. If you don't agree you can disable cookies - see the Cookie Policy for more details.