Hunter Scott Executive Search produced a report outlining the imbalance of minority sectors, along with findings from our survey on diversity in the commercial property sector.
Did you know?
Ethnically diverse companies are 36% and gender diverse companies are 25% more likely to have financial returns above national industry medians.
Yet….
Only 18% of senior executives in commercial real estate are female, and of them, 0.4% are people from a Black, Asian or Minority Ethnic (BAME) background, amongst only 2% the wider real estate sector.
This is well below the national average for 51% females and 15% for BAME.
This is also below the industry standard for FTSE 100 companies where female executives make up 24% of board level roles and in FTSE 250 companies, Black, Asian or Minority Ethnicities make up 10% of boards and just 5% of CEOs.
What our survey revealed
84% of real estate professionals in our survey confirmed that their organisation has a diversity & inclusion policy in place
Only 16% felt that the policy was being actioned through specific and measurable goals
81% of respondents felt that visibility and execution of a diversity policy through timebound and measurable goals was the key driver for positive change in their respective organisations
76% of respondents surveyed think that their companies should be more diverse
64% of respondents said that they would consider a potential employer’s brand before applying for a real estate job at that organisation
72% of respondents said that they would be much more likely to join a company when they have interacted with someone from a minority background through the interview process
36% of respondents said they would be more open to have a conversation about a potential career move if approached by a headhunter/recruiter from a minority background
If you would like to discuss our findings in more detail or receive a free copy of the full report which includes information on embedding diversity into your recruitment processes, please feel free to contact:
+44 (0) 208 146 9754