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Compensation Management Case Study

970 Words4 Pages

INTRODUCTION Compensation and benefit is an associate discipline of human resources. Compensation includes not only salary, but also the direct and indirect benefits and rewards given to the employees by the company. Every organization uses compensation and reward program to determine the compensation. The people are most valuable resources of an organization. Compensation management is the important tool used by the companies to attract, keep and inspire their employees. Each and every employee in the company expects some thing as return from the company management. Actually compensation means employees present something to company and company returns some advantage to them. Today people all over the world are targeting some extra things …show more content…

Kensington international is a globally operational company specialized in the brokerage of residential properties. Klaus Holscher, license partner and managing director found the company in 2005. 52 years old Klaus Holstcher is the second generation of real estate agents. After studying economics in Austria he decided to follow in his father’s property focused footsteps. A few year later, a call from a Munich based client looking a property in UAE saw his attention turn to emirates, the place where he would set up Kensington Finest properties International. The main office of the company is located in Bur Dubai. Mr. Klaus also entitled the managing director of the real estate company Bavarian real estate. During last two three years company makes a robust and solid business structure in Dubai. Kensington is the one of the leading real estate company with an international profile. Dubai opened its market to foreigners in 2002. After that Kensington is continuing to make an important role in Dubai real estate market. Dubai has been a record property boom in last decade unlike any other place in the world. The mission of Kensington is to build world class real estate concept with the highest standard of professionalism, ethics, and quality and customer service. The values of Kensington are to …show more content…

Ethen.There are two categories of employees are working in the company. Back office employees and real estate brokers are the two categories. The main functions of HR include hiring and recruiting, internal operations, agents and procedures, evaluation and support.
The human resources department in Kensington Company is responsible for recruiting, interviewing and hiring new real estate employees and agents. Although most real estate agents are paid on commission, they are still being represented by the real estate agency. The employees working at office also must be recruited and hired to ensure they meet the company's professional standards. Each employee or agent that comes through the real estate agency must understand the procedures and regulations that make the agency probable and specialist in the real estate

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