Recently I had the privilege of presenting a workshop to a group of property management professionals from many different organizations. The topic was a timely one: how to reduce employee turnover. We talked about the various drivers of workplace frustration, and what’s leading to sky-high quit rates across the apartment industry. There was one particular topic that really hit a nerve with the group: how frustrated on-site associates are with how their company leaders share information (or should I say, fail to share information.)
Communication is a major pain point for a lot of multifamily team members. I’ve blogged about this here before, but it’s worth revisiting because clearly, the problem isn’t getting better. Here are some of the gripes I heard:
This is very bad news because the data shows that poor communication has an enormous impact on employee satisfaction. In the surveys we conduct with multifamily team members at Swift Bunny, communication issues rank among the top employee retention risks. Here are the (scary) stats:
If you lead or support on-site teams, here are three ideas for improving communication at your workplace:
I know your workday is incredibly busy and it’s hard to make time for changing your communication habits. However, the last thing your busy schedule needs is more vacant positions to fill. Please, step up your communication game before more team members head for the exit.
Kara Rice has more than 30 years in multifamily in roles ranging from leasing to leadership, with an emphasis on employee development. Presently, she serves as VP of Education at Swift Bunny. Kara is passionate about continuing education, team performance, career satisfaction, and employee motivation. She lives in South Florida where she and her husband are raising three kids and dodging hurricanes. ☀️