“People of color make up 12.8% of the C-suites at 89 of commercial real estate's largest brokerages, developers, finance firms and real estate investment trusts, up from 11.6% in 2022 and 10.9% in 2021. Women in the C-suite have seen their representation increase to 26.2% this year from 25.6% in 2022 and 23.5% in 2021. “ In 2024, seeing these changes in C-Suite roles is encouraging, but granting opportunities for diverse hiring and promotion across all levels is just as important. Especially with succession planning at the forefront of the minds of recruiters everywhere, making sure that hires are upending conventional perspectives while ensuring continuity in their inherited roles is a fine line recruiters nationwide are walking. Creating a hiring plan that couples these goals will be increasingly important in 2024
as retirement rates for upper management roles continue to ramp up.
SelectLeaders has been helping clients to bring diverse candidates to companies across the US. In the Q3 and Q4 of 2023, SelectLeaders assisted with the placement of a VP of Sales, Director of ESG, VP of Acquisitions, Sr. Project Manager, and Sr. Associate, all diverse hires for their companies.
In recent years, promoting Diversity, Equity and Inclusion in the workplace and creating programs that foster action behind DEI has been top of mind. Much of the change starts with the choices made by hiring and recruiting teams, but these decisions go beyond meeting internal recruiting benchmarks. More importantly, they assist in promoting and differentiating company growth,
bringing opportunities for new business strategies and technologies. “There are still changes to be made across the industry, and we’re trying to make a difference where we can,” said Katie Hart, SelectLeaders Associate Director of Recruiting “The ultimate goal of fostering diversity isn’t just to check a box, but to encourage an environment where all voices can be heard and respected, allowing for your employees’ best work to shine through.”
If your company is looking to broaden its hiring pool, SelectLeaders can help. In addition to our diverse job board, we’re seeing an increased interest in hiring through our Retained Search team because it helps connect companies with talent beyond their typical reach. If you have questions on how to use our team to help you meet your company’s DEI goals or just to fill a niche role, reach out to us here:
https://pages.bisnow.com/Executive-Search.html.
Stay tuned for more on this topic throughout 2024!