HR Strategy & Implemnation Project HRM 450 Injaz Real Estate Registration Trustee By Tasneem Mohamed10783 Hamda 11049 Instructor: Dr. A. Pacana 6/9/2019 2 Injaz Real Estate Registration Trustee 3 Brief description of the company Injaz Real Estate Registration Trustee Injaz is one of the leading real estate registration trustees in Dubai. Established in 2014 managed and owned by Ahmed Alsuwaidi.Injaz recently won an award for being the best trustee office in Dubai.Injaz has 5 reliable licensed trustees that can make every client’s transaction processed efficiently on a timely manner and 4 well-trained customer service representatives assisting not only the customers but the trustees as well. Injaz employee count is approximately 50 Pax. Organizational chart Vision: Our vision is to become the top real estate registration trustee office in Dubai, UAE by empowering our employees to go an extra mile and exceed customer expectations. Mission: 4 To continue providing quality property registration services and make every clients registration experience exceptionally memorable. Philosophies: Maintenance of high ethical standards in external and internal relationships is essential to maximum success. People should be judged bases on their performance not on personality, education or personal traits and skills. Goals: 1. Improve customer satisfaction. 2. Improve employee satisfaction. 3. Increase management communication. 4. To become the number one trustee office in Dubai. 5. To reach the highest transactions in Dubai. Objectives of the company: Through the analysis of internal and external environment has been identified the most important objectives of the company that we seek to achieve as follows: 1. Increase the return of investment by 10% by the end of each yea. 2. Increase the number of transaction for each year. 3. Increase the number of customers for each year. 4. To fulfill market demand 5. To secure the good business relationships with others. SWOT Analysis Strength: Metro and banks near our trustee office prime location: Heart of new Dubai. ISO 9001 Certified 3.ISO 14001 Certified. 5 Availability of entertainment services for clients such as the internet. Available parking spaces and valet parking. 2017 achieved the highest percentage increase in the number of transaction 26%. Weakness: Failure to develop a marketing plan for the first years. Other languages such as Russian, Chinese,etc Lack of innovation High cost of service provided. Opportunities: The UAE’s victory in the ranks and advanced centers of the world in terms of infrastructure and the living space and people. Easy communication with members of the community through various means of communication. The Center's potential to participate in local and regional real estate awards. Foreign companies opening branches in the country attracting new talented employees. Threat: High real estate prices lead to poor real estate practices; Market price. The behavior of some dealers in terms of acceptance of a reduction on the increase in the number of service fees of some centers negatively affects dealers. Competitors have strong marketing plans. Customers turn to other centers. Decrease in number of new business licenses by 25% over last year. 1. INJAZ real estate registrations trustee recruitment and selection process of employees focuses on finding the right individuals that meet the job requirements. While their 6 performance management is conducted in a way that both superiors and subordinates are reviewed by each other on their conduct and performance. The company also provides the necessary compensation and benefits that meets UAE regulations. Unfortunately, the company faces a few issues and challenges in these areas that do not provide them with the results they are seeking. The recruitment and selection process is about finding potential employees that could fill in vacant positions in a company. It is about locating individuals with the required abilities and attitudes that will help with achieving the company’s goals and objectives. The recruitment and selection process is also about identifying job positions that are open and available in the company, as well as analyzing what the job position requires, reviewing and screening applications,and identifying those that meet the criteria and selecting the candidates. One issue INZAJ face during the recruitment and selection process is first of all, finding the right candidates. The company posts their vacancies on platforms such as Dubizzle when they are hiring instead of using agencies, and professional recruiters that can find suitable individuals for the position. It can be quite difficult to select candidates in a pool of unqualified and limited talents. Another issue they face is the problem of the long hiring process. The vacant positions not only cost money, but it also delays operations and increases the employees work load. The company also faces the problem of recruiting a diverse staff. At INJAZ, they try their best to hire fairly and objectively, but it is quite difficult when the hiring pool is full of limited talents. Performance management on the other hand, focuses on grooming employees that possess the required dedication and capabilities to work towards the company’s shared 7 objectives. The framework of performance management is planned to improve the employees and the company’s overall performance by identifying requirements and providing feedbacks to reach full potential. The objectives of appraising performance are to allow the employees to reach a superior standard work performance and to help them develop their skills to efficiently perform their task in the right way. The performance evaluation performed by INJAZ is the 360-degree feedback method. The issues they face with this method of assessment, is the difficulty of giving effective appraisals. Another issue is the difference between what the program measures, and the company’s objectives. The company’s goals and objectives are not included in the feedback measurements, as the questions asked do not focus on business related results. Furthermore, those that review the assignment rarely implement follow up actions to that show some consequence for poor performance. The human resource departments manage the compensation and benefits program in a way that give gives a company the advantage of attracting quality talents and retain them. At INJAZ, they focuses on giving their employees the necessary compensations that fits each job position. However, they face the problem with competitive pay. The wages they offer potential employees do not exceed that of their competitors in the industry in order to attract the most qualified. In addition, the company also lacks benefits such as free daycare, and corporate office gym which are some benefits most employees in the company ask for. In conclusion, INJAZ real estate registration Trustee faces the issue matters of a recruitment and selection problem that struggles with employing talented employees for the job position. Furthermore, they have an unresolved assessment method that lacks the 8 proper evaluation of the employee’s job results to meet company objectives. As well as a compensation and reward program that is lacking. 2. Injaz Real Estate Registration Trustee Recruitment and Selection Process 1. The human resource evaluation The CV’s sent by applicants are screened by the human resource department by a software program. Those that meet the criteria are shortlisted. 2. Telephone interviews A short informal telephone interview is given to the chosen applicants by a representative. 3. First face to face interview 4. Second face to face interview 5. Finale decision and job offer 6. Negotiating salary Interview questionnaires 1. Tell us about yourself 2. Why do you wish to work for us? 3. Tell us about your professional strength and weaknesses 4. What are some of your professional achievements? 5. How would you be described as a person? 6. How well do you handle stress and pressure? 7. How well do you manage your time? 8. How would you manage a problem employee? 9. What relevant attributes and experiences do you have that makes you suitable for this position? 10. Do you have any questions for us? Performance Management 9 Injaz Real Estate Registration Trustee uses the 360 degree feedback as a performance appraisal tool to assess their employees. Performance evaluation questionnaires used by Injaz; Please rate the following(subject’s name) based on the questions below: 1. Follows company ethics 2. Behaves professionally in the office 3. Late to work (how often) 4. Handles stressful situations at the workplace 5. Works well under pressure 6. Focuses on customer needs 7. Solves task related problems independently 8. Is hardworking 9. Works well with clients Compensations and Benefits Vacations Public holidays Sick leaves Maternity and childcare leave Medical insurance Overtime wages Promotions opportunities Bonuses Company transportations 10 3. Article: An evaluation of recruitment and selection processes in three organizations in the UAE, by Hessa Abdulla Al Tunaiji, British university in Dubai. Published in 2011. Article: Issues and Challenges in the Practice of Performance Appraisal Activities in the 21st Century, by Rusli Ahmad and Sopian Bujang , Universiti Malaysia Sarawak. Published April 2014. 4. Injaz human resource recruitment and selection goals to achieve the company’s objectives for the next three years: Signing up with professional recruiters to attract qualified talents. Strategically aligning recruitment standards with the company vision and expectations. Managing cost based on performance Controlling turnovers Employ a diverse workforce Injaz performance management objective for the next three years; Enable employees to achieve greater standards of work performance. Identifying obstacles in the way of effective performance. Foster employee personal growth and advancement in the workplace. Increasing productivity and efficiency by 5% Increasing communication and technical skills Injaz compensation and benefits package objectives for the next three year: Develop a competitive compensation package Opening a daycare center at the office 11 Increase in wages for certain positions Compensations and rewards are one of the best ways to not only acquire talented employees, but to also motivate and increase the quality of the workforce. Increasing the compensation package and reward system of Injaz real estate registration trustee will encourage positive performance and reduce turnover rate. Bibliography http://www.injazrt.ae/en/home https://bspace.buid.ac.ae/bitstream/1234/88/1/90080.pdf https://www.ijern.com/images/April-2013/45.pdf