Riordan Manufacturing is a 16-year-old global plastic producing company employing 550 people with projected annual earnings of $46 million. Recently they’ve been having employee motivation issues and as a result are experiencing declining sales, lower job satisfaction, and increased turnover. With pay currently not meeting industry standards, they are at risk of losing good employees to other companies while at the same time having highly visible projects they need completed on the horizon. Riordan needs to find a way to motivate employees while not disturbing the various needs while considering the demographic makeup of their current employee base. By implementing changes based on performance, rewards, or just changing the job design, they can only hope they they’ve satisfied their requirements to remain motivated.
Issue and Opportunity Identification
Due to current processes in place and the neglect in addressing problems in prior surveys, Riordan is a company now facing employee motivation issues. Current compensation packages are inadequate as compared to their competitors. Reward systems recognize seniority over performance, along with individuals over teams. Employees are feeling unchallenged by their jobs, there is no trust in human resources by leadership, and the demographic makeup of employees provides different perspectives relating to rewards, motivation, and values. Unless these issues are addressed and properly identified, these problems will continue to persist with the company.
With current compensation packages not being on par with competitors, Riordan is facing the possibility of high turnover and losing knowledgeable e...
... middle of paper ...
...y for them in order to retain their status as being an industry leader.
Dreher & Dougherty. (2001). Human resource strategy: Chapter. 2: A behavioral perspective for the general manager. New York: The McGraw-Hill Companies. Retrieved December, 16 2007, from University of Phoenix, eBook Collection.
Dreher & Dougherty. (2001). Human resource strategy: Chapter. 4: A behavioral perspective for the general manager. New York: The McGraw-Hill Companies. Retrieved December, 16 2007, from University of Phoenix, eBook Collection.
Milkovich & Newman. (2004). Compensation: Chapter 1. New York: The McGraw-Hill Companies. Retrieved December, 16 2007, from University of Phoenix, eBook Collection.
Milkovich & Newman. (2004). Compensation: Chapter 2. New York: The McGraw-Hill Companies. Retrieved December, 16 2007, from University of Phoenix, eBook Collection.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Gap Analysis: Riordan Manufacturing Riordan Manufacturing, a leader in producing plastics, is confronting a number of human capital challenges. The challenges are disrupting the work environment, which ultimately affects the bottom line of the company. In order to weather this storm, the company needs to identify these issues and convert them into opportunities. The executive team also needs to understand the major players who are being affected by these changes. After understanding the issues, opportunities, and major players, the executive team will create their end state vision to help serve as a roadmap to better define their end state goals.... [tags: Business Analysis]
1554 words (4.4 pages)
- Gap Analysis: Riordan Manufacturing Employee motivation and rewards are effective means to retain employees. When an employee is motivated, his or her needs are being met. When an employee is unmotivated, his or her needs are not being met which results in a high employee attrition rate. Riordan Manufacturing is experiencing a high attrition rate. Riordan Manufacturing has 3 plants and employs 550 people.... [tags: Business Management Analysis]
1612 words (4.6 pages)
- Gap Analysis: Riordan Manufacturing Organizations of all sizes face the difficult task of motivating and providing a challenging and rewarding atmosphere for their workforce. An organization’s business strategy and technology is the driving force for developing the organization’s design and work processes. These work processes will determine the behaviors and roles the organization desires from the workforce.... [tags: Business Management Strategy Analysis]
1620 words (4.6 pages)
- Gap Analysis: Riordan Manufacturing As employees are gifted at solving difficult problems that arise from time to time, they can be careless about the quotidian responsibilities of their job. How can a general manager embrace the courage of employees to continue to bring strengthen to the workplace quotidian responsibilities. Within Human Capital Management, directors can align employees with their skill sets. Riordan Manufacturing is faced with employee challenges that appear to employees to be without motivation, compensation, reward or recognition.... [tags: Business Performance]
1891 words (5.4 pages)
- Gap Analysis: Riordan Manufacturing Riordan Manufacturing, a Fortune 1000 enterprise and global plastics producer, creates custom plastic parts for customers primarily in the automotive industry, aircraft manufacturers, the Department of Defense, bottlers and beverage makers, and appliance manufacturers. Recently however, declining sales and uneven profits have forced Riordan to make several strategic changes in the way it manufactures and markets its products, and management is working to address motivational issues within its workforce (University of Phoenix, 2007).... [tags: Business Performance]
1946 words (5.6 pages)
- Riordan Manufacturing has been through several strategic changes in its marketing and manufacturing efforts, which have significantly decreased employee retention. In performing an employee survey this decrease in retention has been attributed to a decrease in overall job satisfaction, specifically in the areas of compensation and benefits. Riordan's current rewards program is not based on performance, but instead recognizes aspects, such as cost-of-living increases, seniority, and position despite recent performance data identifying most of its employees as mid-tier performers and a small group that is not performing well at all.... [tags: Manufacturing Industry]
911 words (2.6 pages)
- Problem Solution: Riordan Manufacturing Riordan Manufacturing is facing declining sales with an up and down profit margin that has caused the company to implement a new strategic plan. The company has also outsourced some of its work to a new manufacturing plant in China to alleviate some of the high cost of labor in the US, which should help with the company’s profitability. There has also been a restructuring of the sales department as they “adopt a customer-relationship mangement (CRM) system” (Secnario, 2007).... [tags: Business Management Analysis]
1002 words (2.9 pages)
- 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.... [tags: Case Study Situation Analysis Riordan Manufacturin]
1267 words (3.6 pages)
- Riordan is an Industry leader in Manufacturing Injection Molded plastics. Some of their products include Medical Stents, Heart Valves, Plastic bottles and Fans. Riordan is based in the United States, with an expansion manufacturing plant in China. The Chinese plant produces fans. Team A will review the manufacturing process of the fans in China, and discuss a more efficient plan for a new Inventory management system, Mass customization, Lean Production and methods for Strategic planning. Inventory Management Riordan currently uses a system which requires Inventory staff to write down raw materials as they are received.... [tags: Business Analysis]
1296 words (3.7 pages)
- Finance and Accounting Currently Riordan Manufacturing is having a challenging time trying to gather all the data that generates from its Finance and Accounting departments. All of the plant locations have different kinds of Finance and accounting systems, which may be the main reason Riordan Manufacturing has a hard time maintaining the data received. The company’s three operating locations each have their own Finance and Accounting systems. The plant in Pontiac, Michigan and the plant in Albany, Georgia feed data to the corporate headquarters in San Jose, California.... [tags: Business Analysis]
1049 words (3 pages)