How the Age of Your Prospects Affects Time to Hire

by | Sep 10, 2024

We all want quick results—especially those who are involved in the real estate recruiting process.

Our compensation, our bonuses, and our egos are all attached to bringing the newly hired agents across the finish line.

It’s no surprise that many high-performing recruiters and hiring managers are always looking for ways to reduce the time-to-hire.

One area you might not have considered is the age demographic of your recruiting prospects.

recent recruiting study revealed that the age of your recruiting prospects may increase time-to-hire more than you imagined.

If your recruiting prospect is over 35 years old, they are 34% more likely to report they’ll be “staying in their current job indefinitely.”

This is not a license to age discriminate* in the hiring process, but it should cause you to reconsider how you approach each age group.

Younger prospects will be more responsive to short-term recruiting tactics.

Mature prospects will usually require a longer incubation period.

One-size-fits-all (in this case, one-age-fits-all) recruitment marketing content and recruiting methodologies will typically under-perform more customized approaches.

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*It is illegal to ask someone their age during the hiring process and/or use age-related information as a condition for hiring.  However, generalized demographic information may be used to help customize recruiting marketing content to engage more prospects of all ages.

 

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

Find a Struggle to Share

Find a Struggle to Share

If you want to connect with someone beyond the surface level, find something they’re struggling with and share in their pain.
Authors Chip and Dan Heath describe how this works:
One study found that when strangers were asked to perform a painful task together—in one case, submerging their hands in tubs of ice water to perform a sorting task—they felt a greater sense of bonding than did strangers who had performed the same task in room temperature water.
This bonding happened even though the task was pointless.