The Surprising Solution to Employee Turnover

By the Human Resource Team, Summerfield Management 

If you’ve owned your property for at least a year, you’re familiar with the high cost of employee turnover.

Without stable on-site staff, revenue, productivity, and morale all take a hit.

Often the solution proposed by Mega Management company is to pay on-site staff above market rate to keep them onboard.

But is this solution effective?

So, if throwing more money at staff isn’t the solution, what is?

Cultivating healthy company culture.

People want to feel good about the work they do and about the company they work for.

If the staffing at your property resembles the changing of the guard at Buckingham palace, it’s time to address company culture and take the first steps towards building healthier habits.

1. Asking questions
2. Acknowledging effort 

To implement these, find out what employees value (aside from salary and benefits) and remember to give credit for a job well done.

Steps 1 and 2 are a solid start towards cultivating a loyal, hard-working staff (and increasing your NOI).

Would you like to know what step 3 is?

Step 3 is to hire us.

It’s no accident Summerfield has multiple staff that have worked with us for 2-12 years.

Healthy company culture inspires loyalty and high levels of productivity.

Unhealthy (or even toxic) culture leads to laziness, unreliable attendance, and high turnover.

Keeping high-performing staff without paying inflated salaries takes hard work, but we’ve got all the steps of this touchy-feely company culture thing going in the right direction.

We’re getting better results for our clients, and we have what it takes to get better results for you.

Give us a call to get the conversation started.

Trevor Manning

Northwest Region

tmanning@smfield.com

503-867-5214

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Summerfield specializes in the management of apartment properties that are approximately 125 units or larger, and is licensed to manage in Washington, Oregon, Idaho, Florida, Georgia, & South Carolina.

If you would like to discuss additional specifics of our management program, please reach out to our Managing Director, Robert Parmar at rparmar@smfield.com or call 770-628-5943.