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Gap Analysis Mba530

Submitted by aprildz99 on April 26, 2008

Category: Business
Words: 2388 | Pages: 10
Views: 202
Popularity Rank: 56,897
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Gap Analysis: Riordan Manufacturing
Organizations of all sizes have been dealing with a growing problem. Employee morale and high turn over is an industry wide problem. No matter how large or small or what field you are in companies are struggling with these two issues. Employees are always looking at their compensation as well as job satisfaction. When employees are no longer happy at their jobs they start to look. They look at their over all compensation package and salary as what is keeping them working. Most people work because they have to. Pay, benefits and what the company dose for them is what thrives them to continue to get up every morning and go to work.

Every industry has this problem and the way they will stop having poor employee morale and high turn over is by evaluating their benefits and pay grades. Some companies that have been around for a while are still on their old pay system. They need to look at the job description, area of living and what the standard industry is paying and come close if not right at that number. Employee morale dose not just affect the employee, it also affects the work they are doing. That is why it is essential for companies to look at their compensation packages and see what they can do. This paper will touch on a company called Riordan Manufacturing which id currently suffering from low employee morale and high turn over of good employees. You will see what factors are causing it ad what they are looking at doing to improve employee morale and retain employees.

Situation Analysis
Issue and Opportunity Identification
Riordan Manufacturing is experiencing a time of low sales, low revenue and high turn over. The leadership team and management are working on how to fix these issues. The first issues affecting Riordan has a decline in sales. Over the past two years Riordan has seen a decline in sales, when they started to notice this they saw a chance to...

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