deverellsmith, the London based recruitment and talent solutions partner for the property industry, announced that it has released its UK’s Build to Rent Salary Guide in partnership with SAY and BTR News.
The Build to Rent sector in the UK has not only sustained but accelerated its growth trajectory, facing challenges and opportunities that have come to define its dynamic landscape. As we navigate the intricate web of factors shaping the industry, it’s evident that 2024 presents a unique set of circumstances, notably marked by the enduring impact of inflation, the surge in interest rates, and the global events that continue to shape the world around us.
Inflationary pressures and rising interest rates are forces that reverberate through economies and industries alike. The UK, too, finds itself grappling with these challenges, and the Build to Rent sector is not immune. As costs escalate and financial dynamics evolve, employers are confronted with the arduous task of adapting their strategies to attract and retain top-tier talent in an increasingly competitive labour market.
"This edition serves as a comprehensive resource, providing accurate benchmarks for roles spanning the entire spectrum of the Build to Rent life cycle, including investment, development, and operational management. The significance of a well-rounded attraction and retention strategy cannot be overstated, and our guide is tailored to assist employers in meeting this challenge head-on." commented Nick Hammond, Head of Build to Rent Practice at deverellsmith.
The demand for skilled professionals in the Build to Rent sector is higher than ever, mirroring the sector’s sustained growth. Employers are compelled to explore innovative approaches to talent acquisition and retention, navigating the exciting yet complex terrain that comes with managing a rapidly expanding industry. The significance of a well-rounded attraction and retention strategy cannot be overstated, and our guide is tailored to assist employers in meeting this challenge head-on.
"In last year’s report, we highlighted how a robust and well-informed recruitment process supports the cultivation of a successful long- term workforce. This year, we broaden our focus to emphasise the pivotal role that performance benchmarking and training can play in retaining a motivated and engaged team, who will ultimately enhance your customers experience. A workforce that feels invested in and supported with accurate feedback, training and development is more likely to stay and grow with their employer." commented Debra Yudolph, Partner at SAY Property.
In a landscape where candidates rightfully consider factors beyond basic salary, our report aims to equip employers with the visibility needed to address candidates’ expectations across all components of compensation.
We hope this guide serves as a valuable resource in navigating the exciting and challenging landscape of the sector.
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