Filinvest Company Background Essay

Filinvest Land, Inc. (FLI) is one of the hint reli subject farming developers in the Philippines. It is a subsidiary of Filinvest Development fellowship (FDC), which has more than 40 years of inhabit in sincere earth tuition. Founded by Mr. Andrew L. Gotianun, Sr., FDC is the holding company of the Gotianun Family. Origin on the wholey move in the small(a) financing of punt hand cars in 1955, the Gotianun Familys telephone circuit after(prenominal)ward expanded into consumer finance in partnerships with foreign institutions such as bob Manhattan Bank, Westinghouse Electric Corporation and Ford Philippines. By the early 1980s, the Gotianun Familys Filinvest commendation Corporation had become one of the call foring consumer finance companies in the Philippines in terms of assets, and the Filinvest name had become well recognized in the Philippines.The Gotianun Family entered the real estate business in 1967 through the in lodge of Filinvest certainty Corporation, wh ich engaged in the development of residential subdivisions. In 1984, the Gotianun Family consolidated their real estate inte stick arounds in FDC after divesting their sh atomic number 18s in two family-owned banks, Family Bank and Trust corporation and the Insular Bank of Asia and America. By 1990, FDC expanded its products line to include the development and sale of low-cost and medium-cost housing units. FLI was incorporated on November 24, 1989 as acknowledgement Homes, Inc. and changed its name to FLI on July 12, 1993. It began commercial operations in August 1993 after FDC spun off itsMISSION AND VISSIONThe primary responsibility of Filinvest Land is to the people that lodge the cities, communities, and homes it has created. Filinvest impart continually contribute to the economic development of society and forget manipulation as a good corporate citizen.II.View point base on the re researchers opinion, Filinvest Alabang Incorporated is a well ceremonious enterprise in t he Philippines. In fact, Filinvest Alabang Incorporated was ranked as spirited as number 5 Top Real Estate Companies in the Philippines. Although its a well established company here in the Philippines, still, they do encounter minor and take in problems depending on the situation and collectible to many environmental factors. Since Real Estate is the main source of profits for the company, it is really important that the management ordain hire full(prenominal)ly subordinate employees who possess a quality that can help the company grow. And to account the employees perform better, the management should provide rewards that allow for help motivate the employees to function effectively and efficiently.OverviewAlthough Filinvest Alabang, established a st adequate to(p) place in the commercialise it should be always equipped with contingency forges in case of crisis or if any problems will rise. And in this paper, the researchers will provide a concrete analysis of the p roblems of the said company, and might will provide solutions for the conveyn problem.III.Time mountFilinvest Alabang, Inc. (FAI) was incorporated on August 25, 1993 in connection with the development of Filinvest embodied City (FCC) in Alabang, a joint venture with the governments Public Estates Authority. FAI is 80% owned by FDC and 20% owned by FLI. FAIs primary pop come forward is FCC, a 244-hectare mixed-use development project regain at the s disclosehern end of thermionic vacuum tube Manila and adjacent to the second Expressway in Alabang. FAI uses modern, ecological urban planning and design in developing FCC as an alternative to Metro Manilas business districts. Since the start of its development in 1995, FCC has grown to become a major destination in southern Manila that services all segments of the people with a wide array of retail, office and residential developments.It is home to delineate anchors such as Insular Life, Asian Hospital and the fast-growing North gate Cyberzone BPO hub. The second busiest transport terminal in Metro Manila is in the contiguous vicinity, devising FCC a major gateway for commuters going into and out of Metro Manila from the south. The extension of the Skyway elevated road to Alabang significantly enhances the assess of FCC and further increase its attractiveness as the location of choice for offices and residential living in the South of Metro ManilaIV. Statement of the problemMAIN PROBLEM Relationship basis inner(a) the corporation study PROBLEMLow enlisting swear outLack communication inside the industryMINOR PROBLEM Relationship basis inside the corporationReward and benefits of the employees are small and little in handSalaries and recompense are not accommodated wellV.Statement of objectiveTo identify the cause of the heavy recruitment process in Filinvest Alabang Inc. To provide achievable solutions for the slow recruitment process. To analyze problems occurring inside the cooperation and providi ng solutions to patch-up the problems of employees regarding the delay of their salaries and having less rewards and incentives. To provide solution for overture of employees and workers skills regarding in handling customers service and maintaining good get word of the industry. * SpecificTo identify the different demands and problems of the employees inside the organization which they think is change their procedure. That way, the firm will be able to provide any possible solution so to trim down those types of problems affecting the employee. The study will cover the common types of problems that employees encounters Salary and Wages, working hours and human relationship among other employees. * measurableThe company could provide seminars once or twice a month to address all the concerns that i bothering the employee. That way, the manager will be able to point out what exactly is the problem within the organization. And by providing seminars for the employee, they will b e able to know more how to interact with their co-employees. With this type of structure, or so probably, the organization will be able to calculate any ongoing long term problems within a year.* AttainableThe objectives of this study are indeed attainable as it will focus more on solving the problems of the employees. Although it will take some time to discuss, know and solve their problems, still it is very important for the part of the management to address all the employee concerns so that they will be able to function well.* RealisticThe plan is bound to be effective if its implemented, although it will take some time to execute it properly.* Time boundThe target audience of this study is mainly the employees of this organization. And this plan should be implemented for a year.VI.SWOT analysis specialityFilinvest Alabang Incorporated has been one of the leading Real Estate developers here in the Philippines. Boasting a total of 70 Billion assets and earning an all-time high o f 20 Billion of sales the year 2011, this year, they aim to earn higher(prenominal) 30 Billion of sales, so to provide Filipinos a chance to experience a dynamic living in a vibrant cross planned city.What gives Filinvest Alabang Inc. an edge compared to other Real Estate developer? Simple, they bounded their project in a very good location, wherein the city is connected to 5 major road points giving them maximum exposure to businessman, commuters and even horizon buyers. In terms of their recruitment routine, applicants undergo a series of observations, interviews and teaching so to identify if they are well qualified for the business and someways has the ability to achieve the given business concern description. With this type of assessment, Filinvest Alabang Incorporated accepts extremely qualified sellers to help the company achieve its target mark for this year, making sure that the ones they accept will be able to function truly well.WeaknessGiven the amount of time t hat the recruitment process takes to last hire employees, there is a possibility that they might miss out other highly qualified applicants due to the long process of interviews and series of schooling. Some applicants might lose their interest given the time that the facts of life process eats. And due loss of interest of applicants, theres a blink of probability that other Real Estate companies will ensnare the chance of getting those type employees and definitely that gives Filinvest a slight valuation account of disadvantage.OpportunitiesWith a well renowned name in the industry of Real Estate, that puts Filinvest Alabang Inc. in a good position as a sack up of mind priority for businessmen and job applicants. Knowing that selling real estate requires a huge workforce, evidently the corporation is in search of many inspiring job applicants who want to earn big money. And Filinvest Alabang give those kinds of opportunities to unemployed individuals who wants to make a livin g. They actually have a very flexible standard when they hire applicants, because they cant throw past the fact that they need an individual with great talent, given that he/she wasnt able to meet one of the required standards to be hired be swatted away.ThreatsObviously, Filinvest ALabang Inc. is not only the renowned RealEstate developer here in the Philippines. Other hand competitors Ayala Land and SMDC for example use different kind of strategies to lure hazard buyers to buy their luxurious properties and of course, they have a different style of training used to hone the skills of their employees. With the presence of other top real estate companies, that makes the stakes of hiring highly qualified employees divided among those corporations.VII.Alternative courses of actionDetailed backcloth Check. ( Past Employment )To make the process of recruitment shorter, the world resourcefulness management could use a background check with regards to the individuals past employment s (if available), whether he/she has background working on a sales team which will help clarify points if the individual is capable of universe part of the Filinvest Alabang sales team. Putting a little bit of vehemence on the applicants background would help shorten the occlusive of training knowing that he/she is capable of being a seller. That will definitely help cut the expenses that the company supply for training and seminars as part of the training programExperienceExperience is definitely a plus when you apply for a job. And for Human Resource managers, an applicant with pickle of experience makes the job easier. Knowing that the individual is already knowledgeable of the job description and knows what are the functions of being a seller, those type of statistics may lead to fewer training and interviews. But the management definitely should not rest easier they should conduct a detailed background check regarding the past performance of the applicant like consulting th e previous company where he/she worked for about how he/she dealt with the stress of the job and etc.VIII.RecommendationConduct seminars for improvement of customer relationship and as well as the employee to employee relationship. Conduct monthly meeting to be aware of the status of each organization of the corporation. Get feedback from customer to distinguish the quality and satisfaction of service and products the Filinvest offers.IX.Action plan / time constraintThe Human Resource management could make a proposal to be send to the higher level management regarding the issue of slow recruitment process and suggest that they should focus more on analyzing and looking briefly at the individuals experience by conducting background check so to lessen the time that the training and interviews are taking. That way, the recruitment process would somehow advance up, and in case they get better results, they should continue to do it or perhaps improve the system more. And in case that t he scheme is not working out, they should try to evaluate on what seems to be out of sync and once they were able to point out the problem, they should be able to come up with good solutions to the problem.X.ConclusionThe researcher recommends that the management of Filinvest Alabang Incorporated should speed up the process of hiring highly qualified employees without sacrificing their thoroughness in selecting the best among the job applicants. They could focus more on looking briefly at the fasten on of the employee and perhaps, they could perform through background check on the individual to determine that they are qualified for the job. That way, they could cut the cost allotted for many sessions of trainings and eonian interviews.