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Recruiting Gen Y: What real estate agencies need to know

18 Jul 14

Recruiting Generation Y is likely to be high on many company agendas, especially as they look to take on fresh new talent and build their operations.

The latest findings from Hays could prove interesting reading for real estate agencies who are looking to do just that, as 1,000 people between the ages of 18 and 30 were asked about their work expectations.

Results showed that anyone taking up a real estate career is likely to be looking for varied and interesting work, as 64 per cent of respondents to the Hays survey named this as a priority.

Flexible hours were identified by 50 per cent, while 37 per cent would ideally like to receive some flexible benefits at their place of employment. Meanwhile, a third want a good social life and pleasant environment to work in.

Nick Deligiannis, managing director of Hays in Australia and New Zealand, explained how Generation Y will dominate this country's labour market in just six years' time, so it pays to find out what they expect from their working lives.

He continued: "For instance, they want a manager who is a coach or mentor rather than a director or allocator of work.

"Familiarity is valued and a large proportion want to be able to confide in their boss about personal as well as work matters."

Those entering the industry could benefit from undertaking property management courses and other real estate training, as Hays found many younger workers are keen on professional development.

Almost all of those polled (96 per cent) said they would be prepared to study for additional professional qualifications throughout their careers, showing a desire to improve their skills.

Two-thirds of respondents said they would like to be offered some form of international opportunities in their job, while one in five would move overseas to find their ideal job.