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CSR Moves In To Multifamily: Is Your Reputation At Risk?
Jen
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
Jen Piccotti
Chief Operating Officer
ManagInc
@JenPiccotti
#CSRVoice
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
3
Challenge Impacting NOI:
Employee satisfaction, engagement and turnover
Only 18% of
U.S. employees
engaged (Gallup)
Turnover
costs
minimally
1.5x salary
(CFO.com)
32%
turnover rate
vs. 19% U.S.
average
(NAA; 2016 SHRM
Human Capital Report)
What is CSR?
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
Corporate Social Responsibility [CSR; kôrp(ə)rət | sōSHəl | ri-spon-suh-bil-i-tee]
 Initiatives to assess, take responsibility for effects on environmental, social wellbeing
 Balancing profit pursuits and ethical conduct passed the tipping point due to negative impact activities
can have on Millennial employment and purchasing decisions
 Google's slogan says it best: "Don't be evil. If you are, the world will find out and you will pay dearly.”
Society:
The Greater Good
42%
Company perceptions
based on CSR
Forbes
79%
Expect businesses to
continue improving
CSR efforts
2017 Cone Communication CSR Study
Adobe; Apple; Blue Cross Blue
Shield of Massachusetts; Danfoss;
Dignity Health, Facebook; Gap,
Inc.; Google; The Hartford;
Hewlett Packard Enterprise;
Ingersoll Rand; Intel Corporation;
Johnson Controls; Levi Strauss &
Co.; Mars Incorporated;
Microsoft; Morgan Stanley;
National Grid; PG&E Corporation;
Royal DSM; Salesforce; Schneider
Electric; Tiffany & Co.; Unilever;
and VF Corporation.
Letter to President - Paris Accord
- Job Creation
- Conserving Natural Resources
- Encouraging Volunteerism
2017 Cone Communication CSR Study
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
10
Source: 2017 Cone Communication CSR Study
CSR Report 2017
Residents:
The Living Experience
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
13
67%
Buy from companies
supporting good causes.
Edelman Goodpurpose Study
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
14
87%
Purchase because company advocated
for issue they care about
2017 Cone Communication CSR Study
75%
Refuse to purchase if company
supported issue contrary to their beliefs
2017 Cone Communication CSR Study
346,000
New rental apartments to hit the
market in 2017.
Wolf Street
The Workplace
43-63%
Job decisions based on company’s
cause work
Forbes
Choose Purpose Over Pay or Titles
48% - Baby Boomers
38% - Generation X
30% - Millennials
2016 Global Report on Purpose At Work
80%
Rely on employer reviews before making a career move
Jobsoid
12%
Companies listed on Glassdoor who interact with the site
2016 Global Report on Purpose At Work
40%
PM companies who have policy on responding to employee-
generated reviews
2017 ManagInc Multifamily CSR Benchmark Study
23ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
Key First Steps to CSR Reputation
Define and share your
current focus
Ask Prospects and
Residents What’s
Important to Them
Engage with Employee-Generated
Reviews
ManagInc
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
• ManagInc’s Everyone Can Win® Services: Multifamily’s first-ever Corporate Social Responsibility (CSR)
services that help property management companies focus on their commitment to their most important
stakeholders: employees, suppliers, residents, and the communities they conduct business in
• Focus: Focusing on employee engagement and retention, supplier loyalty, resident satisfaction and retention, and
giving back to society in a meaningful way creates a win-win for all involved, including a significant bottom line
impact due to the cost related to reduced employee and resident turnover, and an improved reputation
• Everyone Can Win® Platform: A comprehensive platform that helps clients evaluate, measure, manage and
enhance its three-pillared CSR program
• CSR Score: An option to the Platform service for companies more comfortable beginning by “dipping their toe in
the CSR waters”; CSR Score is a rating and ranking program based on perception studies with all stakeholders and
an overall evaluation of company programs targeted to each
• Awards and CSR Score: The ability to leverage a Socially Responsible Management Company Award or the
company’s CSR Score positively impacts both employee and resident recruitment due to the importance of CSR to
Millennials and others
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
New 3-Part Series
October 18 -
Sustainability Training -
The Gift for
Maintenance That
Keeps On Giving
September - CSR
101 - The Basics of
a Socially
Responsible
Management
Company
November 15 - Thanks
for Giving -
Multifamily's Guide to
Philanthropy
29ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
Contact Info
Questions?
Jen Piccotti
Chief Operating Officer
ManagInc, LLC
www.ManagInc.com
JPiccotti@ManagInc.com
866.858.1400 x104
facebook.com/ManagInc
@ManagInc
ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400
Contact Info

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CSR Moves In To Multifamily: Is Your Reputation At Risk?

  • 1. CSR Moves In To Multifamily: Is Your Reputation At Risk?
  • 2. Jen ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 Jen Piccotti Chief Operating Officer ManagInc @JenPiccotti #CSRVoice
  • 3. ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 3 Challenge Impacting NOI: Employee satisfaction, engagement and turnover Only 18% of U.S. employees engaged (Gallup) Turnover costs minimally 1.5x salary (CFO.com) 32% turnover rate vs. 19% U.S. average (NAA; 2016 SHRM Human Capital Report)
  • 4. What is CSR? ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 Corporate Social Responsibility [CSR; kôrp(ə)rət | sōSHəl | ri-spon-suh-bil-i-tee]  Initiatives to assess, take responsibility for effects on environmental, social wellbeing  Balancing profit pursuits and ethical conduct passed the tipping point due to negative impact activities can have on Millennial employment and purchasing decisions  Google's slogan says it best: "Don't be evil. If you are, the world will find out and you will pay dearly.”
  • 7. 79% Expect businesses to continue improving CSR efforts 2017 Cone Communication CSR Study
  • 8. Adobe; Apple; Blue Cross Blue Shield of Massachusetts; Danfoss; Dignity Health, Facebook; Gap, Inc.; Google; The Hartford; Hewlett Packard Enterprise; Ingersoll Rand; Intel Corporation; Johnson Controls; Levi Strauss & Co.; Mars Incorporated; Microsoft; Morgan Stanley; National Grid; PG&E Corporation; Royal DSM; Salesforce; Schneider Electric; Tiffany & Co.; Unilever; and VF Corporation. Letter to President - Paris Accord
  • 9. - Job Creation - Conserving Natural Resources - Encouraging Volunteerism
  • 10. 2017 Cone Communication CSR Study ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 10 Source: 2017 Cone Communication CSR Study
  • 13. ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 13 67% Buy from companies supporting good causes. Edelman Goodpurpose Study
  • 14. ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 14 87% Purchase because company advocated for issue they care about 2017 Cone Communication CSR Study
  • 15. 75% Refuse to purchase if company supported issue contrary to their beliefs 2017 Cone Communication CSR Study
  • 16. 346,000 New rental apartments to hit the market in 2017. Wolf Street
  • 18. 43-63% Job decisions based on company’s cause work Forbes
  • 19. Choose Purpose Over Pay or Titles 48% - Baby Boomers 38% - Generation X 30% - Millennials 2016 Global Report on Purpose At Work
  • 20. 80% Rely on employer reviews before making a career move Jobsoid
  • 21. 12% Companies listed on Glassdoor who interact with the site 2016 Global Report on Purpose At Work
  • 22. 40% PM companies who have policy on responding to employee- generated reviews 2017 ManagInc Multifamily CSR Benchmark Study
  • 23. 23ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 Key First Steps to CSR Reputation
  • 24. Define and share your current focus
  • 25. Ask Prospects and Residents What’s Important to Them
  • 27. ManagInc ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 • ManagInc’s Everyone Can Win® Services: Multifamily’s first-ever Corporate Social Responsibility (CSR) services that help property management companies focus on their commitment to their most important stakeholders: employees, suppliers, residents, and the communities they conduct business in • Focus: Focusing on employee engagement and retention, supplier loyalty, resident satisfaction and retention, and giving back to society in a meaningful way creates a win-win for all involved, including a significant bottom line impact due to the cost related to reduced employee and resident turnover, and an improved reputation • Everyone Can Win® Platform: A comprehensive platform that helps clients evaluate, measure, manage and enhance its three-pillared CSR program • CSR Score: An option to the Platform service for companies more comfortable beginning by “dipping their toe in the CSR waters”; CSR Score is a rating and ranking program based on perception studies with all stakeholders and an overall evaluation of company programs targeted to each • Awards and CSR Score: The ability to leverage a Socially Responsible Management Company Award or the company’s CSR Score positively impacts both employee and resident recruitment due to the importance of CSR to Millennials and others
  • 28. ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 New 3-Part Series October 18 - Sustainability Training - The Gift for Maintenance That Keeps On Giving September - CSR 101 - The Basics of a Socially Responsible Management Company November 15 - Thanks for Giving - Multifamily's Guide to Philanthropy
  • 29. 29ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 Contact Info Questions?
  • 30. Jen Piccotti Chief Operating Officer ManagInc, LLC www.ManagInc.com JPiccotti@ManagInc.com 866.858.1400 x104 facebook.com/ManagInc @ManagInc ManagInc, LLC www.ManagInc.com Info@ManagInc.com 866.858.1400 Contact Info

Editor's Notes

  1. Your employees – Your residents – Your local community?