Bus 409
Camden a Market Leader
John Smith
Strayer University
Compensation Management BUS 409 [ July 15, 2013 ]
Professor Marilyn Fitzpatrick
Camden a Market Leader
Camden Property Trust has stayed competitive in the job market by having one of the best compensation packages in its field. Camden has been consistently ranked since 2006 in Fortune Magazine’s Top 100 companies to work for. In 2006 they were ranked at number 50 and slowly worked their way up to number 41 in 2009. Then in 2010 they jumped to number 10. Camden is one of the largest multifamily real estate investment trusts (REIT) and was hit during the recession, but was able to stay successful by investing in its employees. Camden was able to continue to offer a very completive compensation package to lure talent and help develop talent that they already had. To stay a step ahead of everyone else Camden not only needs to offer traditional benefits like medical, but expand on them and think outside the box. Employees spend a lot of time at work, more than they do with their own families, so by offering benefits that help the family out as well is one good way to attract and keep loyal employees. A company’s employees are their number one investment; they can make or break a business. Camden’s dedication to their employees has not only made them a great place to work but a successful business as well.
How Camden Stands Above the Rest
Although there are five companies listed under the category of construction/real estate Camden is the only real estate company on Fortune’s 2013 list. After the housing crash we just went through why would anyone even want to consider working in real estate? When working for the right company, a company that believes in its employees and compensates its employees it is the right move for anyone! Camden shows its investment in its employees by offering many of the traditional benefits that a lot of companies offer such as medical, dental, flexible spending
John Smith
Strayer University
Compensation Management BUS 409 [ July 15, 2013 ]
Professor Marilyn Fitzpatrick
Camden a Market Leader
Camden Property Trust has stayed competitive in the job market by having one of the best compensation packages in its field. Camden has been consistently ranked since 2006 in Fortune Magazine’s Top 100 companies to work for. In 2006 they were ranked at number 50 and slowly worked their way up to number 41 in 2009. Then in 2010 they jumped to number 10. Camden is one of the largest multifamily real estate investment trusts (REIT) and was hit during the recession, but was able to stay successful by investing in its employees. Camden was able to continue to offer a very completive compensation package to lure talent and help develop talent that they already had. To stay a step ahead of everyone else Camden not only needs to offer traditional benefits like medical, but expand on them and think outside the box. Employees spend a lot of time at work, more than they do with their own families, so by offering benefits that help the family out as well is one good way to attract and keep loyal employees. A company’s employees are their number one investment; they can make or break a business. Camden’s dedication to their employees has not only made them a great place to work but a successful business as well.
How Camden Stands Above the Rest
Although there are five companies listed under the category of construction/real estate Camden is the only real estate company on Fortune’s 2013 list. After the housing crash we just went through why would anyone even want to consider working in real estate? When working for the right company, a company that believes in its employees and compensates its employees it is the right move for anyone! Camden shows its investment in its employees by offering many of the traditional benefits that a lot of companies offer such as medical, dental, flexible spending
References: AIMCO. (2012). AIMCO Apartment Homes. Retrieved from AIMCO: http://www.aimco.com/careers/benefits-and-perks CNN Money. (2013). Fortune 100 Best Companies to Work For. Retrieved from CNN: http://money.cnn.com/magazines/fortune/best-companies/2013/snapshots/10.html?iid=bc_sp_list Martocchio, J. J. (2013). Strategic Compensation. Upper Saddle River : Pearson. New York Stock Exchange. (2013, Feb 01). NYSE Euronext. Retrieved from New York Stock Exchange: http://www.nyse.com/about/listed/lcddata.html?ticker=CPT Thurman, R. (2012, October 26). 10 Creative, Low-Cost Perks to Keep Nonprofit Employees Happy and Productive. Retrieved from Rosetta Thurman Empowering a New Generation of Leaders to Change the World: http://www.rosettathurman.com/2012/10/10-creative-low-cost-perks-to-keep-nonprofit-employees-happy-and-productive/ Trust, C. P. (2012). Camden Property Trust. Retrieved from Camden Living: http://www.camdenliving.com/careers/benefits/our-benefits/index.htm