Netintegrity Blog

5 HR Trends that Might Impact Your Property Management Company in 2016

By Jessica Galeano

5_HR_Trends_that_Might_Impact_Your_Property_Management_Company_in_2016.jpgSo much has changed over the past decade and as a result, it seems each year there are new and exciting things on the horizon, especially for those working in human resources. Like it or not, the way we attract, screen, hire and retain talent is evolving, and only those businesses that keep up will remain successful. Is your property management organization ready? Let’s take a look at 5 trends that will begin to take shape over the next 12 months so you’ll know what to expect and prepare for.

Relationships Reign 

Gone are the days when talent acquisition professionals had their pick of candidates and subsequently controlled how the hiring process was handled. Furthermore, the workplace previously driven by programs is becoming a thing of the past. The HR of tomorrow will be all about people and creating the best employee experience possible, from recruitment through retirement.

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Data Will Deliver

The rise of big data has made access to information faster, easier and cheaper. This will allow human resources personnel to leverage analytics to help them develop more targeted candidate pools. Data will also help make your company’s HR department much more efficient.

Culture is Key

We’ve already talked at great length about how critically important it is for your organization to have a strong, positive corporate culture. The focus on this will only continue to grow as we move into 2016. HR will play a pivotal role in fostering this culture through comprehensive on-boarding programs.

Real-Time Feedback

Conventional practices like annual reviews are all but becoming extinct in favor of real-time, interactive feedback. As a result, entire compensation structures will continue to be disrupted and require complete redesign to make them more effective.

Silos Will be Squashed

In years past, each department within a company would work almost independently. If your property management organization is set up this way, expect things to change. The future of work, starting in 2016 and continuing on, will involve a more open and cohesive infrastructure in which departments will work in collaboration together. HR is leading the way on this front.

What trends do you foresee over the next 12 months for the property management industry or the business world as a whole? We’d love to hear about it! Please share in the comments below.

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