OPPapers.com Essay Index >> Business >> Riordan
We have many free term papers and essays on Riordan. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Riordan Manufacturing Embraces Diversity Public Relations Campaign - Riordan Manufacturing Embraces Diversity Table of Contents Public Relations Campaign 1 Executive
Riordan Problem Solution Problem Solution: Riordan Manufacturing Riordan Manufacturing (Riordan) is attempting to implement several strategic changes throughout
RIORDAN MANUFACTURING BENCHMARKING Running head: RIORDAN MANUFACTURING BENCHMARKING Riordan Manufacturing Benchmarking University of Phoenix Human Capital Development
Riordan Manufacturing RUNNING HEAD: Critical Analysis of Motivation & Rewards Solutions Critical Analysis of Motivation & Rewards Solutions Riordan Manufacturing
Riordan Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing University of Phoenix April 3, 2006 Problem Solution: Riordan
Submitted by dissy2 on April 12, 2007
Category: Business
Words: 1267 | Pages: 6
Views: 677
Popularity Rank: 14,579
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Situation Analysis
Issue and Opportunity Identification
Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Recently, Riordan made several strategic changes in the way it manufactures and markets its products. Because of declining sales and uneven profits over the past two years, Riordan adopted a customer-relationship management (CRM) system. Primarily sales teams instead of single salespeople, with each team focusing on a particular customer segment, now service customers. Teams typically include a sales person, product engineering specialist and customer service representatives. The hope is that the team approach will improve sales. As changes have been implemented, employee retention numbers have declined. The company recently conducted an annual employee survey, which showed a decrease in overall job satisfaction, particularly in the areas of compensation and benefits. Recent performance data identified 25% of the employees as high achievers, a large middle group as average, and a small group as under achievers. The current rewards system is almost non-existent.
One of the issues identified is the absence of the organizational rewards systems. Riordan is facing declining morale and work ethics. Employees are not satisfied with their compensation by performance. One possible opportunity Riordan can do is create a performance management system that would reward employees by performance as opposed to time and grade. Considerations of creating a performance rewards system are in line with Riordans business strategy and their technology which determines their design and work processes which set the tone for employees behavioral and role requirements (Dreher.G & Dougherty, T . 2001). Three Key Research & Development employees have left within the past three...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!