Do your research and trust your gut. . . - Sales CoStar Group Employee Review

CoStar Group is growing rapidly and continues to be a great success, spurring exciting new opportunities through changes in leadership and acquisitions of other companies. These changes can take a toll on an organization, and their effects do take some time to adjust to adequately meet the needs of both clients and employees. CoStar Group has done extremely well in sales following the launch of new products this year, with its highest sales month ever in June this year – our executive leadership plays a big part in facilitating and creating opportunities for salespeople to succeed at the level they have so far. We listened to employee feedback regarding merit base pay increases, which is why we have implemented a performance review and merit base pay increase system for the 2015 calendar year, which has been communicated to all members of Sales on multiple occasions so they know what to expect when the new performance review process rolls out following the new year. I’m sorry you made the decision to leave prior to us being able to implement this. We are concerned about turnover in Sales, and are listening to our employees through opportunities for feedback including exit interviews, our annual CEO for the Day event and reviews like yours to look at what steps to take to improve organizational effectiveness and employee engagement. From that we have established and continue to work on a clear career path for salespeople as well as development opportunities to prepare them for promotion and increased success in their current roles. Regarding the senior management team your reporting of the number of executives with more than 5 years’ tenure with CoStar is not accurate. The majority of the CEO’s direct reports and the next level down of their direct reports have been with CoStar at least 3 years, and in many cases 10 years or more.