- Base salaries increasing for property management professionals, with entry- to mid-level positions seeing most notable rises
- Annual bonuses on the rise along with additional benefits such as mileage or motor vehicle allowances
- Property management industry slowly becoming more open to hybrid or remote working arrangements
- Promoting from within proving to be an effective retention strategy for the industry
Vancouver, BC, August 25, 2022 – As high demand for talent continues, property management companies of all sizes are having to realign compensation packages to match market expectations. Base salaries have seen an increase of between 5-15% in 2022, with entry- to mid-level roles experiencing the most notable rise.
Alongside larger salaries, annual bonuses have also increased, and additional perks and benefits such as mileage and car allowances are also seen as an attractive incentive for those who travel frequently for work.
41% of candidates said they would negotiate their stay with their current employer to secure a raise or promotion in a recent poll conducted by Impact Recruitment. When asked what influenced their decision to join their current employer, 28% of respondents indicated excellent pay, perks and benefits as the deciding factor.
In addition to salary and monetary perks, hybrid working arrangements have also become a key consideration for many looking to make a career move. The property management industry is slowing becoming more open to the idea, for roles where hybrid or remote work is possible.
Impact, a leading multi-disciplinary recruitment firm, launches the 2022 Salary Guide: Property + Facilities Management Edition for the Greater Vancouver market to highlight these current trends and provide up-to-date salary data for property management professionals in the local market.
“The Vancouver property management sector continues to experience a tight labour market and it’s essential employers develop effective strategies to attract and retain talent for the long term,” said Jeffrey David Harris, Founder + CEO of Impact Recruitment and AmbiMi. “A good place to start is with your current team – evaluate their skillsets and career aspirations and provide opportunities to set them up for promotion, while backfilling their positions externally. This will help your organization fill hard to find senior level roles while also increasing employee engagement and retention rates by providing them with a clear path for career advancement,” Harris concluded.
About the Salary Guide
Impact Recruitment’s 2022 Salary Guide: Property + Facilities Management Edition was created to serve as a practical resource for property management companies and professionals in the Greater Vancouver area.
The salary information displayed is based on approximately 100 placements over a twelve-month period made by Impact’s team specializing in property and facilities management.
Their vast knowledge of the Greater Vancouver market allows them to share up-to-date information on hiring and recruitment trends, compensation, benefits, and perks pertaining to the local industry.
About Impact Recruitment
Impact Recruitment is a leading multi-disciplinary recruitment firm dedicated to the upward mobility of people.
As a trusted recruitment partner for over 12 years, Impact has successfully placed thousands of quality candidates in permanent, temporary, and contract positions with hundreds of organizations across North America.
Headquartered in Vancouver, British Columbia, with a second office in Toronto, Ontario, Impact Recruitment is ranked by The Globe and Mail’s Report on Business as one of Canada’s Top Growing Companies in 2020 and 2021; and, by Canadian Business’ Growth List as one of Canada’s Fastest-Growing Companies from 2016-2020.
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