Empowerment and delegative – are two main principles for this laissez-faire leader, Kimberly Langers, Chief Operations Officer at Rastegar Property Company. Langers is revolutionizing the way Rastegar empowers multigenerational employees, as well as the business approach to delegate decision-making responsibility to staff members. The company’s CEO and Founder, Ari Rastegar, recognized Langers’ brilliant qualities of laissez-faire leadership immediately, and entrusted Langers to lead Rastegar towards success.
To gain a competitive advantage, Langers believes all employees, especially the younger generations, often benefit from a hands-off leadership style. According to Langers, Millennials and Generation Z can creatively revolutionize a company, with management subtly trying to guide them in a hands-off manner. By allowing more freedom for teams to decide how they will complete their responsibilities, Langers believes employees can yield incredible results, which will contribute to a company’s growth.
Recent studies show Millennials are most likely to stay at their jobs if they feel actively utilized and receive growth opportunities at work. To attract and retain top talent, Langers ensures the communication between management and employees is consistent and transparent, while actively aligning employees’ performance with new opportunities related to specific skills in which employees possess.
Promoting a culture of highly engaged employees across all generations is vital for a company’s success. A recent Gallup poll found companies with highly engaged business units have 21% more profitability.
Rastegar’s CEO and Founder is a Millennial himself, and is a rising star within his generation. Rastegar’s investor-first focus for real estate private equity has caught the attention of many investors from all generations due to the provision of diversified and stable, tax-efficient tax returns.
Through Rastegar’s trust in Langers’ leadership style and empowerment of all employees, along with his innovative strategies, growth at Rastegar continues to soar. The company recently reported a record-setting increase in leases during the height of the COVID-19 pandemic, along with non-stop property acquisitions within Texas multifamily real estate.