In the hyper-competitive and relentless chase for top talent, firms are compensating with attractive salary and bonus packages and perks, but how many are compensating for time? Ignoring the value of time is leaving companies’ recruitment efforts with gaping holes on the retention side, with unintended repercussions to productivity and culture. Drawing on the experience from a prolonged pandemic and the many painful life moments that so many have had to bear, many commercial real estate organizations are revisiting their approach to paid leave. Firms and their leadership are learning that inclusive paid family and medical leave policies are a key element to building more diverse, innovative and resilient organizations.
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