Highwoods Properties(US:HIW)2026-02-10 21:11Workforce and Employee Statistics - The company had 315 full-time employees as of December 31, 2025, with a turnover rate of 20% for the year [40]. - The average tenure of employees was 10 years, with an average age of 49 years [40]. - Approximately 69% of employees work in division offices, primarily involved in property management and maintenance [41]. - Approximately 35% of employees are specialized trade professionals, with an average age of 52 years, indicating a potential future shortage in skilled labor [42]. - The average annual turnover rate over the past three years was 16%, with a turnover rate of 20% for 2025 [40]. - As of December 31, 2025, 35% of employees were female and 32% were persons of color, with 46% of new hires in 2025 being female and 46% persons of color [56]. Employee Compensation and Benefits - The total cost of the workforce in 2025 was approximately $59 million, which includes salaries, commissions, bonuses, and employee benefits [41]. - The company offers a total rewards program that includes competitive salaries, bonuses, and comprehensive benefits to attract and retain talent [46]. - Nearly 50% of employees are eligible for an annual bonus ranging from 5% to 20% of their base salary, with 40% to 70% typically receiving discretionary bonuses between $500 and $2,000 each year [46]. - Approximately 9% of employees, including officers, are eligible for long-term equity incentive compensation, which vests over a four-year term [47]. - Over 93% of employees participate in the 401(k) retirement savings plan, which includes a competitive match on contributions [49]. - The company has a development cash incentive plan that allows employees to earn payouts ranging from $1,000 to $10,000 based on qualifying development projects [50]. Company Strategy and Operations - The company aims to maintain a conservative and flexible balance sheet with access to ample liquidity and multiple sources of capital [33]. - The company operates in the best business districts (BBDs) of eight major cities, focusing on high-quality office properties [24]. - The company plans to open division offices in Charlotte and Dallas to enhance local market knowledge [37]. Environmental and Social Responsibility - The company is committed to minimizing environmental impacts and has formed a corporate resiliency team to drive performance improvements [35]. - The company aims to minimize energy intensity, carbon emissions, and water consumption as part of its environmental resiliency initiatives [35]. - The company has established wellness committees and a "HIW Well-being" program to promote employee health and well-being [53]. - The company has established wellness committees and a "HIW Well-being" program to promote holistic well-being among employees [53]. - The company has a diversity and inclusion program called "Heart of Highwoods," aimed at creating opportunities for small and minority vendors [57]. Employee Engagement and Growth - The company conducts employee engagement surveys every two years to monitor and improve employee satisfaction [55]. - The company emphasizes a culture of career growth, with nearly half of employees experiencing significant career advancement during their tenure [54].