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.

The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.