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The latest Real Estate Balance industry survey asked participants about their social background for the first time, with the findings suggesting that professionals in our industry are more privileged than the population on average.
Employee responses indicated a higher level of privilege compared to the nation as a whole on two out of three measures of social mobility with 64% of employees coming from a higher socioeconomic background compared to a 37% national average and 24% having attended independent school compared to a 7.5% national average.
Further evidence that we as an industry have much to learn when it comes to social mobility includes the findings in the JLL Foundation UK-backed Socio-economic Diversity in the Real Estate Sector research by Bridge Group in 2020 and that real estate and construction companies represent only three per cent of firms in the 2022 Social Mobility Employer Index.
What can we do to ensure that our industry is more inclusive and reflective of the community it serves? We know diverse and inclusive organisations perform better on every level so how can we unlock opportunities for those from underrepresented socioeconomic backgrounds in order that they and real estate businesses can realise their potential?
Our panel of social mobility experts will debate this complex topic and discuss how we can widen access with non-traditional pathways, reassess our recruitment and retention practices, implement inclusive cultures and make a difference in our communities through outreach work.
Panel