Riordan Manufactoring Gap Analysis Free Essay, Term Paper and Book Report
Gap Analysis: Riordan Manufacturing
University of Phoenix
Gap Analysis: Riordan Manufacturing
Riordan Manufacturing has recently implemented several strategic changes in response to declining sales and uneven profits. The implementation of these changes has negatively affected the employee morale and employee retention numbers are down. As a result, key initiatives were identified in a survey done by the company that can elevate employee morale and help the company introduce a more competitive pay system to retain key employees. The pay system can be a powerful mechanism for encouraging and supporting a variety of alternative employee behaviors, such as individual goal achievement, or teamwork, cooperation, and quality improvement. (Dreher & Dougherty, 2001, p 78)
Additional initiatives include enhancing the HR systems to provide a better understating of pay systems, creating a succession planning and promoting hiring from within, and implementing a transparent and consistent performance evaluation process. The demand for a better reward system is one of the top prio......
Word Count: 2569
Page Count: 10.2 (250 words a page / double spaced)
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