crew network - benchmark study of women in commercial real estate 2015

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Page 1: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015
Page 2: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

P R E M I E R U N D E R W R I T E R S E N I O R U N D E R W R I T E R

• CREW Dallas • Cushman & Wakefield | PICOR

• Fidelity National Title• National Multifamily Housing Council

A S S O C I A T E U N D E R W R I T E R S

Report Underwriters

Page 3: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

• Trace progress for women in CRE over a 10-year span

• Compensation and career satisfaction for both men and women

• New questions added to address career aspirations

Report Overview

Page 4: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Survey Participation

I N D E P E N D E N T R E S E A R C H P A R T N E R

Page 5: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Respondent Areas of CRE Specialization and Gender

Page 6: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Respondent Demographics

Page 7: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Women in CRE

Page 8: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

CompensationThe average income gap in CRE is 23.3%

Page 9: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Trends in CompensationThe income gap is widest in the C-Suite at 29.8%

Page 10: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Sources of Compensation

Page 11: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Compensation Breakdown

Page 12: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Industry Experience

Page 13: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Career Levels Year-to-YearMore women fill SVP, managing director and partner positions than ever.

Page 14: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Management RolesThe percentage of women with direct reportsis now on par with their male counterparts.

Page 15: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Success & SatisfactionWomen’s career satisfaction and feelings of success increased across all specializations.

Page 16: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Satisfaction & CompensationWomen with higher commission-based pay report the highest satisfaction levels.

Page 17: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Satisfaction & Work/Life Balance

Page 18: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Gendered Career Aspirations28% of women aspire to the C-Suite vs. 40% of men• 47% of women respondents aspire to the SVP/Partner level

Page 19: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Compensation and Family/Marital Status1 in 5 women said that family or martial status has adversely impacted their compensation

Page 20: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Barriers to SuccessT O P B A R R I E R S T O S U C C E S S

Page 21: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Past Success FactorsT O P F A C T O R S T O P A S T S U C C E S S

Page 22: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Future Success FactorsT O P F A C T O R S T O F U T U R E S U C C E S S

Page 23: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Focus on Mentorship• Men and women both listed

relationship with internal senior executive mentor as #1 factor for future success.

• Lack of company mentor/sponsor was listed as the #1 barrier to success for women.

Page 24: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Action ItemsMake mentoring and sponsorship of women a priority.

Encourage women to strengthen and expand both their internal and external networks, and ensure that mentor and sponsorship activities include building relationships with high profile/high value clients.

Page 25: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Action ItemsBe honest about unconscious bias in your hiring, promoting, assigning of challenging projects, and inclusion in high-profile client relationship development.

Utilize an assessment tool and engage a diversity consultant to recognize unconscious bias, take action to overcome it, and maintain accountability. 

Page 26: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Action ItemsConduct employee pay equity tests regularly to identify disparities in compensation between genders.

It is only through fact-based analysis of salaries that you can determine if, and where, pay gaps exist.

Page 27: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

CREW NETWORK

Industry Research

• Download the full report or request a copy at www.crewnetwork.org

• View past benchmark study reports and industry white papers

Page 28: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015

Thank You!P R E M I E R U N D E R W R I T E R

• CREW Dallas • Cushman & Wakefield | PICOR

• Fidelity National Title• National Multifamily Housing Council

S E N I O R U N D E R W R I T E R

A S S O C I A T E U N D E R W R I T E R S

2015 CREW NetworkIndustry Research Committee

Page 29: CREW Network - Benchmark Study of Women in Commercial Real Estate 2015