RICS makes the case for diversity and inclusion in the property sector

RICS makes the case for diversity and inclusion in the property sector

Published at: 2016-10-13 06:22 | Author: RICS Polska
RICS encourages the property industry to embrace diversity and inclusion to tackle the war for talent at the 19th edition of Expo Real in Munich.

RICS report “Our Changing World: Let’s Be ready” highlights that one of the key areas employers are concerned is the War for Talent; that means drawing upon talent from diverse backgrounds. Statistics show that in 2016, only 18% of RICS global membership is female (13% in the UK, 17% in Germany, 21% in France and 32% in Poland), only 17% represents generation Y (born after 1980), 4% is black, Asian or minority ethnic, while those with disabilities are at less than 1% and there is no data available for lesbian, gay, bisexual and transgender (LGBT) membership.

Amanda Clack, President of RICS, widely regarded as a senior role model in the industry, explained today at the “RICS Futures Forum: Diversity and Inclusion – Turning Aspiration Into Action” how a diversity and inclusion policy should be seen as a business strategy and a source of competitive advantage.

“To create a workforce fit for the future, the profession must reflect the diversity of communities globally. This extends to how we attract, retain and develop talent. There are clearly many moral and social reasons why we should look to make our workforce diverse, but for me diversity makes sound business sense. We need to attract the best talent into the profession and without being totally inclusive we are missing out on a proportion of the workforce that is key. RICS has a duty and an ambition to be a catalyst for change across the industry supporting professionals and firms in their journey and offering advice, guidance and support,” said RICS President Amanda Clack FRICS.

With offices in 27 of the world’s major cities, covering 153 different countries and over 125 000 qualified professionals working on a wide range of disciplines within the real estate, land and construction sector, RICS hopes to drive behavioural change within the property industry, by showing the example.

To do so, the global organisation is playing its part in changing perceptions, leading the debate among professionals through different workshops as part of its #SurveyingTheFuture campaign. Its aim is to use powerful role models within its membership to help attract, retain and develop talent and presents different types of people from different backgrounds talking about how they came into the profession and what do they do to overcome existing barriers in the industry.

RICS is also inviting all firms, large and small, to review their employment practices and place inclusivity at the heart of what they do, participating in the RICS Inclusive Employer Quality Mark. With this initiative, RICS hopes to offer firms a competitive advantage by showcasing their best practices. In the UK there are over a hundred firms who have signed up to the Inclusive Employer Quality Mark, getting brand visibility and a competitive edge in recruitment as well as better retention by demonstrating to candidates the quality of staffing practices and promotion opportunities.

Kinga Barchoń MRICS, PwC Partner:
"I work in the professional services industry, so our only asset is our people. The war for talent is more and more competitive with increasing number of challenges starting from millennials entering and reshaping the workforce, through low representation of women in the in managerial and leadership position, ageing workforce and talent pool until right talent for expansion into new markets. Therefore shaping talent strategies to include different talent pools are key for any business to succeed. At PwC, diversity and inclusiveness are huge priorities. Diverse talent allows innovation, growth and competitive advantage in the marketplace. In addition to that, I personally believe that having diverse talent is something more than just imperative to the future success of a business – it is also a right thing to do.”

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