Thursday, April 19, 2012

CREW Network Outlines Strategies for Success for Women in Commercial Real Estate - Lack of Equal Pay Contributes to Level of Dissatisfaction



Lawrence, KS – April 18, 2012 — In its latest white paper, Commercial Real Estate Women (CREW) Network recommends strategies for women to overcome the pay and promotion level disparities that continue to exist in the field of commercial real estate.

The white paper, Success and Satisfaction of Women in Commercial Real Estate: Retaining Exceptional Leaders, includes a summary of responses from its interviews with 20 senior commercial real estate executives regarding select findings from CREW Network’s 2010 benchmark study, Women in Commercial Real Estate 2010. That study – part of CREW Network’s tracking of women and men in commercial real estate that began in 2005 – found that more women are entering the field of commercial real estate, but that pay and promotion levels remain obstacles.

The objective of the interviews for this white paper was to discuss and provide insight into issues related to success and satisfaction in the workplace in the hope that organizations will develop and implement plans designed to retain and promote the women among their ranks.

The interviews revealed the following misconceptions about women in commercial real estate and in the workplace in general:

·         Compensation is not as important to women as it is to men
·         Women will not take risks