Work With a Purpose: How CRE Firms are Positioning for Success

Originally published on April 3, 2023, by Kathryn Hamilton, CAE for NAIOP E-Newsletter.

“There’s a really exciting trend emerging in hiring and compensation that’s going to accelerate throughout 2023,” opened Chris Lee, CEO of CEL & Associates, during a recent NAIOP webinar. “It’s the blending together of the quantitative – the numbers, compensation and bonuses – and the qualitative – workplace environment and benefits.”

Lee detailed compensation and benefits trends identified in his firm’s annual Compensation and Benefits Report, jointly published in partnership with NAIOP and specializing in commercial real estate firms and positions. In 2022, bonus realization for performance was around 90% of target – quite high, but a key tactic for attracting and retaining talent. Base salary increases in 2023 range from 4-6% overall, and higher for mission-critical positions.

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