Equity Residential reviews

4.0

76% would recommend to a friend

(1,121 total reviews)
avatar

Mark Parrell

87% approve of CEO

72% positive business outlook

Equity Residential has an employee rating of 4.0 out of 5 stars, based on 1,121 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Equity Residential employee rating is in line with the average (within 1 standard deviation) for employers within the Real Estate industry (3.6 stars).

Reviews by job title

1K reviews
4.0
Apr 17, 2017

Good Company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They offer great employee benefits.

Cons

Micro managed environment by corporate.

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Equity Residential Response
9y
Thank you for your review! We are glad our benefits met your needs and that you enjoyed your time here overall. We wish you the best.
5.0
Apr 14, 2017
Recommend
CEO approval
Business Outlook

Pros

- Great Training -Entrepreneurial work environment - Gives employees a sense of ownership - You give feedback and they listen - They walk the talk - The culture here is amazing

Cons

- Compensation package could be a little bit better. - Not every leader really understand the company's culture - Company can get greedy with pushing rent but as a public company it makes sense to keep increasing revenues

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Equity Residential Response
9y
Hello, and a high-five to you for your five-star review! We appreciate everything you said - not just the wonderful compliments, but also your thoughtful and balanced feedback and your impactful suggestion about maintaining our culture. Our senior leaders just completed Town Hall meetings, and were inspired by the energy, drive, positive and constructive feedback, as well as tough questions they received from field employees all over the country. We can confidently say that continuing to focus on the company culture is a top priority. Thank you for choosing to work with us prior to our Florida portfolio sale, and thank you for your kind words. Best wishes to you!
1.0
Apr 5, 2017
Recommend
CEO approval
Business Outlook

Pros

For the big names in the industry, EQR pays well to those who come with experience. They are also very transparent with their pay and how much room you have to grow your salary. Good resume and salary booster if you don't care about sticking around for too long.

Cons

The culture of this company is poor. Morale of employees is very low as many feel spread too thin, burnt out, and not cared about. At times it was almost toxic how negative everybody was. The rate of employee turnover is insane! I saw other reviews describing the company as the "walmart of property management". Couldn't agree more - this company is cheap, cheap, cheap. They will cut everything they possibly can from the budget and scrutinize every dollar spent without any concern to the impact on the revenue these poor decisions can have. If you are lucky, capital projects will eventually get approved but they will drag their feet forever to get them done. I couldn't believe some of the safety hazards at my property! Support from facilities leadership is a joke. The corporate culture seemed more like some words on a poster than anything anyone actually tried to live by. Messages from Senior Leadership came across as robotic and ingenuine. They try to implement a one size fits all approach to their management style and on-site employees are not empowered to make any decisions on their own, micromanagement is an understatement.

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Equity Residential Response
9y
While we disagree with your characterization of our overall culture, management style, and business practices, we are very sorry to hear that you feel this way and that you regret your time with us. We are committed to seeking ongoing feedback from all of our employees in an effort to improve areas of opportunity and to maintain strong engagement and retention; our senior leaders are currently in the process of doing just that by holding Town Hall meetings in each market, designed to empower our employees to challenge authority, ask questions, and be heard. We hope that if others have the same concerns, they will come forward and share examples to help us improve. We wish you all the best.
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Glassdoor has 1,166 Equity Residential reviews submitted anonymously by Equity Residential employees. Read employee reviews and ratings on Glassdoor to decide if Equity Residential is right for you.