Human Resources Departments are Evolving

The key language of real estate has traditionally been ‘land & buildings’ and ‘people skills’ were of a secondary importance. Over the years, it has evolved to prove that they are one of the biggest industries to attract as many jobs and the most important asset of it are ’PEOPLE’.Human Resources (HR) used to be just a support function because it did not contribute to the bottom line. However, with the growth of the knowledge economy, HR has taken on a new role as organisations turn the focus to be a more people-oriented business.

Aurex Group are currently working on HR roles across APAC.

Making the difference with HR

Business partner
Talent acquisition and development
Diversity, Equity and Inclusion

Business partner

A HR Business Partner (HRBP) plays a key role in driving the objectives and growth within an organization. They must be excellent communicators as they are the employees and business direct point of contact for anything to do with planning and meeting HR requirements.

During the Pandemic, a HRBP needs to roll out the business continuity plan (BCP) and have both the mental capacity and time to understand what’s happening in the business. They play a vital role in meeting the needs of organizations during times of crisis.

Talent Acquisition and Development

Talent acquisition is a long-term recruitment strategy to identify, assess and hire the best fit for the company’s business needs. Talent development is designed to motivate, grow, and retain members of the organization especially amidst the talent war we face globally.

Putting the right talent in the right roles at the right time is one of the differentiators that keep BlackRock out in front. Its talent management policies and practices are guided by its global Human Capital Committee (HCC), composed of 35 senior line leaders from across the firm’s businesses and key locations.

As Donnell Green, BlackRock’s global head of talent management, puts it, “The HCC and BlackRock’s Global Executive Committee are not afraid to address head-on some of the stickier issues of culture change and culture formation, including breaking down silo behaviour and driving harder to create a stronger high-performance culture.”

Diversity, Equity and Inclusion

Diversity, equity and inclusion is a term used to describe policies and programs that promote the representation and participation of different groups of individuals. DEI encompasses people of different ages, races, ethnicities, abilities, disabilities, genders, religions, cultures, and sexual orientations. It also covers people with diverse backgrounds, experiences, skills and expertise.

Today, DE&I is HR’s top priority to improve and sustain the DEI equation in a hybrid workplace and foster a culture inside an organization. In practice, however, there is still a long way to go. The Global Real Estate DEI survey conducted in 2021 showed that in Europe, 43% of commercial real estate firms had professionals dedicated solely to DEI, while in Asia-Pacific the figure was 33%. In both Asia-Pacific and Europe, around 44% of firms utilised DEI committees.

“Traditionally this has been a very white middle class male-dominated industry,” says Joanna Turner, head of property research at Canada Life Asset Management. “I’ve seen that start to change over the last five to 10 years. It’s improving slowly, but we could do a lot better.”

Future of HR

The real estate industry continues to grapple with skills shortages and employee retention in today’s highly competitive market and in the future. As the business ecosystem globally adapts to the transformation and change, organizations continue to build their HR teams to enable a better workforce.

The field of HR is always changing. With more advanced technologies used and new trends. To be a successful HR practitioner, it’s important to stay on top of these developments.

We continuously see the demand for HRBPs, one who will focus both on setting the organization’s strategy for the future of work, as well as proposing reskilling and upskilling efforts for current employees.

HR Roles Across APAC

Please click directly on the roles to find out more.

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Aurex Group can help

If you are a company considering hiring, we welcome the opportunity to present our services and capabilities. If you are a candidate, please check our jobs page or contact us to discuss your background, skills, and future aspirations. We always look forward to staying connected and exchanging ideas, insights, and opinions.

Mabelene Ang

Associate Director

+65 3165 0710

mabelene@aurexgroup.com

EA 18S9493 | R1544508