Real Estate, Building & Construction
The industry now faces several exciting challenges related to sustainability, digitalization and changing political framework conditions. This, with expected population growth and high investment rates from public authorities, provide an exciting future for the industry. The companies being able to position themselves for further growth through exploiting this situation, are the companies which will succeed in the long-term perspective. To succeed, great leaders are needed.
Challenges and opportunities
Real estate, building and construction are largely dependent on the public sector. The real estate industry is depending on the fact that zoning plans and construction matters are processed and reviewed. The building and construction industry is depending to a great extent on public contracts, and that real estate and housing projects are initiated. Thus, the public sector largely sets the framework conditions for these industries. As a result, the industry can face some predictability and stability, but also challenges at the same time.
The industries also depend on skilled employees. In addition to machines and materials, people are a crucial part of the companies’ resources, necessary for completing the projects. In high-cost countries, this is challenging. This, combined with high demand for labor for the industry, has led to foreign workers being employed to reach sufficient levels of manpower.
Two key challenges facing the real estate industry, are the access to plots as well as high construction costs. Particularly in urban areas, the access to plots are difficult, resulting in high prices demanding good profitability in the overall project. Simultaneously, some parts of the industry, such as commercial real estate, are facing lower demand due to increased e-commerce. Further, it will be interesting to figure out how Covid-19 will be affecting the demand for office and hotel properties.
Requirements for future leaders
Leaders within real estate, building and construction must be business-oriented, cooperative, strategic and able to use modern technology in order to optimize the results while ensuring sustainable development. Finding and developing opportunities, as well as the ability to position your own company, is crucial.
The leaders also need to handle partially completed value chains. There may be several different subcontractors, as well as employees, needed to be coordinated properly in ensuring maximum utilization of available resources. Leaders within the industry with understanding of how the public affects their position is an advantage, given that the industries are completely dependent on public contracts or that regulatory processes have adequate progress.
BackerSkeie has long and extensive experience in recruiting leaders to real estate, building and construction. Among other things, we work with clients in:
- Property owners
- Property developers
- Real estate agents and service providers
- Contractors – building
- Contractors – facilities
- Building products manufacturers and suppliers
Read more about how BackerSkeie works with Executive Search here.
Why choose BackerSkeie for your board or executive recruitment?
Industry specific and functional competence: Through recruiting numbers of leaders to real estate, building and construction, our experienced consultants have accumulated considerable expertise in recruiting board members and executives to this industry.
Placement power and network: We have extensive experience in attracting the ideal candidates on relevant terms. Our brand has a strong reputation in the market, and we have a wide network of candidates and informants that we bring into each recruitment process.
Quality and experience: BackerSkeie has over 15 years of experience in the market, and has consequently established a robust and innovative methodology for recruiting leaders and board members to clients with high requirements. To deliver the best matched candidates, we have a thorough process and uses only certified tools. BackerSkeie has expertise in recruiting.