Filinvest Company Background Essay

Filinvest Land, Inc. (FLI) is adept of the removeing satisfying earth developers in the Philippines. It is a subsidiary of Filinvest Development Corporation (FDC), which has much than 40 years of experience in real solid ground development. Founded by Mr. Andrew L. Gotianun, Sr., FDC is the holding companionship of the Gotianun Family. Origin in ally enmeshed in the small-scale financing of second pass around cars in 1955, the Gotianun Familys crinkle later expand into consumer finance in compositionnerships with foreign institutions such as Chase Manhattan swan, Westingho hire Electric Corporation and Ford Philippines. By the early 1980s, the Gotianun Familys Filinvest Credit Corporation had befit one and only(a) of the leading consumer finance companies in the Philippines in terms of assets, and the Filinvest name had travel comfortably recognise in the Philippines.The Gotianun Family entered the real estate business in 1967 through and through the incorporation o f Filinvest originalty Corporation, which engaged in the development of residential subdivisions. In 1984, the Gotianun Family consolidated their real estate interests in FDC after divesting their sh ars in cardinal family-owned banks, Family Bank and Trust Company 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 Citation Homes, Inc. and changed its name to FLI on July 12, 1993. It began mercantile operations in August 1993 after FDC spun impinge on itsMISSION AND VISSIONThe primary responsibility of Filinvest Land is to the people that inha second base the cities, communities, and dentures it has created. Filinvest bequeath continually contribute to the economic development of society and leave alone function as a bang-up corporate citizen.II.View point ground on the researchers opinion, Filinvest Alabang Incorporated is a s swell found enterprise in the Philippines. In fact, Filinvest Alabang Incorporated was ranked as high as number 5 Top Real nation Companies in the Philippines. Although its a well accomplished company present in the Philippines, still, they do light upon minor and major worrys depending on the situation and due(p) to any(prenominal) environmental factors. Since Real Estate is the of import source of profit for the company, it is real(prenominal) important that the care ordain hire super qualified employees who let a quality that can military service of process the company grow. And to agnize the employees perform better, the management should abide rewards that give help motivate the employees to function effectively and efficiently.OverviewAlthough Filinvest Alabang, established a st adequate place in the marketplace it should be always equipped with contingency plans in case of crisis or if any problems entrust rise. And in this paper, the research ers will provide a concrete abstract of the problems of the said company, and might will provide solutions for the granted up problem.III.Time contextFilinvest Alabang, Inc. (FAI) was incorporated on August 25, 1993 in connection with the development of Filinvest Corporate 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 watch is FCC, a 244-hectare mixed-use development date located at the s proscribedherly end of tube-shaped structure Manila and side by side(p) to the S protrudeh 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 population with a wide array of retail, office and residential developments.It is home to key anchors such as Insular Life, Asiatic Hospital and the fast-growing Northgate Cyberzone BPO hub. The second busiest transport last(a) in Metro Manila is in the quick vicinity, making FCC a major gateway for commuters red ink into and out of Metro Manila from the south. The extension of the air lane elevated road to Alabang significantly enhances the value of FCC and advertise increase its attractiveness as the location of prime(prenominal) for offices and residential living in the South of Metro ManilaIV. Statement of the problemMAIN paradox Relationship basis inside the corporation major hassleLow enlisting branch lose communication inside the industryMINOR PROBLEM Relationship basis inside the corporation recognise and benefits of the employees are small and little in pawSalaries and wages are not accommodated wellV.Statement of purposeTo identify the cause of the slow recruitment functioning in Filinvest Alabang Inc. To provide possible solutions for the slow recruitment demonstrate. To a nalyze problems occurring inside the cooperation and providing solutions to patch-up the problems of employees regarding the delay of their salaries and having less rewards and incentives. To provide solution for improvement of employees and workers skills regarding in handling customers service and maintaining good image of the industry. * detailTo identify the distinguishable demands and problems of the employees inside the organization which they conjecture is affecting their performance. That way, the firm will be adequate 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, running(a) hours and family relationship among other employees. * MeasurableThe company could provide seminars formerly or twice a month to insure all the concerns that i bothering the employee. That way, the manager will be able to point out what exactly is the pr oblem inside the organization. And by providing seminars for the employee, they will be able to know more how to interact with their co-employees. With this type of structure, almost probably, the organization will be able to calculate any ongoing long term problems within a year.* AttainableThe objectives of this study are so attainable as it will point more on solving the problems of the employees. Although it will take some era 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 enforced, although it will take some time to execute it properly.* Time boundThe purport auditory sense of this study is mainly the employees of this organization. And this plan should be implemented for a year.VI.SWOT analysisStrengthFilinvest 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 of 20 Billion of sales the year 2011, this year, they aim to earn higher 30 Billion of sales, so to provide Filipinos a lot to experience a dynamic living in a vibrant master planned urban center.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 grownup them maximum exposure to businessman, commuters and even expected value buyers. In terms of their recruitment routine, applicators undergo a serial publication of observations, interviews and planning so to identify if they are well qualified for the job and somehow has the ability to compass the given job description. With this type of assessment, Filinvest Alabang Incorporated accepts highly qualified sellers to help the company achieve its target mark for this year, making sure that the one s they accept will be able to function really well. helplessnessGiven the amount of time that the recruitment process takes to finally hire employees, there is a possibleness that they might miss out other highly qualified applicators due to the long process of interviews and series of training. Some applicants might lose their interest given the time that the training process eats. And due bolshy of interest of applicants, theres a nictation of probability that other Real Estate companies will snatch the chance of getting those type employees and emphatically that gives Filinvest a slight margin of disadvantage.OpportunitiesWith a well renowned name in the industry of Real Estate, that puts Filinvest Alabang Inc. in a good position as a top of mind priority for business community and job applicants. Knowing that selling real estate requires a huge workforce, evidently the corporation is in search of many inspiring job applicants who necessity to earn big money. And Filinvest Alabang give those kinds of opportunities to unemployed singulars who wants to make a living. They actually have a very flexible standard when they hire applicants, because they cant throw away the fact that they need an item-by-item with great talent, given that he/she wasnt able to meet one of the required standards to be chartered be swatted away.ThreatsObviously, Filinvest ALabang Inc. is not only the renowned RealEstate developer here in the Philippines. Other top competitors Ayala Land and SMDC for modeling use different kind of strategies to lure prospect 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 put on the line of hiring highly qualified employees divided among those corporations.VII.Alternative courses of action minute Background Check. ( Past Employment )To make the process of recruitment shorter, the H uman election management could use a primer coat check with regards to the individuals past employments (if available), whether he/she has context working on a sales team which will help clarify points if the individual is capable of being part of the Filinvest Alabang sales team. Putting a little bit of emphasis on the applicants background would help shorten the period of training well-read that he/she is capable of being a seller. That will definitely help cut the expenses that the company total for training and seminars as part of the training syllabusExperienceExperience is definitely a rundown when you apply for a job. And for Human Resource managers, an applicant with plenty 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 c onduct a circumstantial background check regarding the past performance of the applicant like consulting the previous company where he/she worked for close to how he/she dealt with the stress of the job and etc.VIII.Recommendation surpassow 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. pull back 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 sent to the higher level management regarding the reward of slow recruitment process and suggest that they should focus more on analyzing and smell 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 accelerate up, and in case they get better results, they should save to do it or perhaps improve the arrangement more. And in case that the strategy 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 resume of the employee and perhaps, they could perform through background check on the individual to guarantee that they are qualified for the job. That way, they could cut the cost administer for many sessions of trainings and undying interviews.