Gap Analysis: Riordan Manufacturing
University of Phoenix
Riordan Manufacturing is a global pliables manufacturer with annual boodle of $46 million, producing plastic beverage containers, custom plastic assorts, plastic fan give ways, and research and development, (Scenario, 2010). Declining sales and uneven profits surrender driven Riordan to consider a change in general strategy in its sales, manufacturing and sales processes. Riordans managers have noticed that in that respect is a decline in morale and work ethic, do an increasing employee turnover, and lowering morale. Riordans management is attempting to address the growing dissatisfaction with employee development, benefits and conciliate scales, shown in survey results, fearing dissatisfied employees will find use of goods and services elsewhere.
Situation Analysis
Issue and Opportunity Identification
There are ch aloneenges that must be overcome in set out to accomplish the companys organizational goals, to include overcoming employee job dissatisfaction, which declined as part of Riordans restructuring process, and increasing employee retention. Riordan also needs to overhaul the currently weakness reward system into an effective system that aligns the organizations strategy with remuneration and incentive packages.
There are several be intimates to include their form _or_ system of government regarding promotions, differing attends within Riordan regarding compensation, aligning the reward and compensation systems with the business strategy, and the fears and concerns regarding lucre scale and the loss of key employees.
One issue that should be addressed is the differing views within Riordan regarding compensation or all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship, (Dreher & Dougherty, 2001, p. 77). It is important that Riordans management understand that their view of adequate compensation is entirely different than the views of many of their employees. focal point often looks at compensation as expenses affecting the sound line while employees feel compensation should be good in return for their service or labor. By responding...
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