Employability skills of real estate graduates in Nigeria: a skill gap analysis. Issue 3 (24th July 2020)

• Record Type: Journal Article
• Authors: Ayodele, Timothy Oluwafemi; Oladokun, Timothy Tunde; Kajimo-Shakantu, Kahilu
• Is Part Of: Journal of facilities management. Volume 18:Issue 3(2020)
• Page Start: 297
• Page End: 323
• Publication Date: 2020-07-24
• Subjects: Service industry -- Employers -- Soft skills -- Technical skills -- Employment considerations -- Real estate practice; Facility management -- Periodicals; 658.2005
• DOI: 10.1108/JFM-04-2020-0027
• Languages: English
• ISSNs: 1472-5967

Abstract

Abstract : Purpose: The global shift in the traditional skills required of real estate graduates has led to an increased demand for employees who have the required skills and competencies. The purpose of this study is to evaluate employment considerations of real estate firms and analyse employers' skill expectations and the observed skills possessed by the graduate employees. This study also analysed the self-assessed soft skill levels of the graduate employees, thereby establishing the skill gap. Design/methodology/approach: Data were sought from real estate employers in the two dominant real estate markets of Nigeria: Lagos and Abuja, and real estate graduate employees who have had a minimum of six months working experience in real estate firms. Data collected were analysed using statistical techniques such as frequency, percentages, mean, correlation, multivariate analysis of variance, paired-samples t -test and independent samples t -test. Findings: The findings of this study revealed that employers' soft skills expectations were high with skills such as responsibility, administrative, listening, communication, business negotiation and work ethics. Based on employers' observed skills, there were significant skill gaps with respect to soft skills such as responsibility, business negotiation, logical thinking, marketing and dispute resolution. An analysis of the core skills reveals employers' preference for technical competencies in valuation, agency, property management, marketing, report writing and landlord and tenant laws. However, graduate employees possessed significant skill gaps with regards to technical skills such as valuation, property investment analysis, feasibility and viability appraisal, market research methods and facility management. Practical implications: An understanding of the skill gaps will provide useful feedback to professional bodies, regulatory boards, institutions of higher learning, faculty members and other stakeholders regarding deficient skill areas, especially for curriculum review, development and training in the real estate sector. Originality/value: There is a paucity of information about employers' skill preferences and the skill gaps in the real estate sector.