Riordan Manufacturing Problem Solution

Problem Solution: Riordan Manufacturing Riordan Manufacturing is global plastics producer with 550 employees and return facilities in Georgia, Michigan, China, and its research and development center and headquarters in California. overdue to declining sales and sugar, the company changed its sales strategy and implemented six-sigma into its production facilities. However, recent changes resulted in decreased moving in satisfaction and declining esprit de corps among employees. In the following, I will concentrate on issues and opportunities approach by Riordan Manufacturing, reflect on several(prenominal) examples from generic benchmarking research, and ground on the findings, identify an optimal solution for restructuring the overall honorarium and benefit package in order to encourage employee demand and increase job satisfaction and morale. Situation Analysis Issue and prospect Identification Riordan Manufacturing is a global plastics producer employing 550 with projected annual cabbage of $46 million. Like many other companies today, it has issues too. Riordan made several strategic changes in the way it manufacturers and markets its products.

Declining sales and uneven profits over the past two years not yet forced the company to change its sales processes, but alike prompted them to adopt a customer-relationship concern (CRM) system. Riordan hobo benefit from adjust its business strategy and its HRM strategy by adopting the CRM system to accommodate a competitive advantage. In particularly, aligning the reward and recompense systems with the smasheds business strategy. Highly integrated HRM practices can help a firm achieve a carry on competitive advantage in the marketplace. Human resource management practices influence the firms human capital and the job-related behaviors of the firms talent pool (Dreher & Dougherty, 2001). As changes were being implemented, job satisfaction was decreasing, particularly with regard to the current compensation and... If you hope to get a full essay, order it on our website: Ordercustompaper.com

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