countrywide2 Aug 2018 15:18
have an unsustainable business model. A prime example is this- to get back seasoned professionals they are offering staff huge guarantees in a declining market. They have just poached a valuer from me and given him a £50k guarantee- last year took home £30k. They have also taken a negotiator from me earned £20k last year- on a countrywide basic of £30k.... This is insane. My top earners are on these figures, im running a £1,000,000 turnover high street independent. They have poached my bottom feeders that bolster the figures with average results and given them popstar money. They now have no incentive to work for their money and will leave after the guarantee ends, the vicious cycle starts again. If Countrywide want to make money they need to spend money- in the right places. The companies they purchased were average brands at best and clearly failing. Otherwise they would not have sold in the first instance. Sell the dross and rebrand the half decent ones they have. Spend money on advertising and get rid of all back office systems, head offices, admin offices, solicitor offices, admin centres, ra ra ra nad get back to selling houses. The branch managers have to report figures to their area managers for an hour every day- thats 5 hours their most senior staff won't get back. It is insanity. Micro managing managers in the estate agency world result in falsified figures and a pipeline built on quick sand.... countrywide will not be country wide if they want to make money. Get rid of the board and introduce their top performing managers to the role- so out of touch it is untrue..... Or even better release a hybrid to the market that is run by the staff in the traditional high street offices. I cannot believe this happened- halfing branch income overnight, hahaha goodnight countrywide
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