Riordan Manufacturing The objective of this paper is to exhibit an organized approach using the 9-step Problem-Solving Approach to provide Riordan Manufacturing with legitimate solutions to challenges presented. In addition, the paper identifies opportunities and issues, defines the problem, and develops a set of alternative solutions. In conclusion, the paper recommends the paramount alternatives to implement in order for Riordan Manufacturing to Problem Solution: Riordan Manufacturing words, 13 pages Problem Solution:
Riordan Manufacturing Introduction The purpose of this paper is to recommend a solution to Riordan Manufacturing RM for problems they are experiencing. The key areas to be addressed are the issues, the opportunities, the problem definition, the alternative solutions and benchmarking validation.
This paper will analyze the alternative solutions, and state the risks and mitigation techniques to these risks. It will then recommend a final solution to Riordan Manufacturing. Finally, this paper will conclude with a plan to implement the recommended solution. RM employees comprise three major demographic groups, baby boomers, generation X's and generation Y's.
Riordan's major customers are automotive parts manufactures, aircraft manufactures, the department of defense, beverage makers and bottlers and appliance manufactures. Riordan has recently made several strategic changes in the way it manufactures and markets its products.
They have adopted a customer-relationship management system. After which the company conducted an employee survey which revealed a decrease in job satisfaction in the areas of compensation and benefits. For these reasons Riordan is losing sales and key personnel.
They are in the middle of making important decisions on how and when to proceed with solving their issues. Issue Identification Many employees are complaining about compensation benefits.
Riordan is also underpaying key employees below the industry average. Opportunity Identification Riordan can revise the current compensation plan to fit the needs of the organization. Riordan can also review the industry pay scale and base it on the performance of their employees.
Michael Riordan, CEO for Riordan Manufactures, Kenneth Collins and the research and development team, Charles Lacy and the sales and marketing team, Maria Trinh and the information technology department and the customers. His perspective on the employee's complaints about the company's compensation plan is "the new generation is ungrateful and doesn't realize how good they have it" UOP,p.
His ethical dilemma is, he believes the "company is good to its employees and is concerned they are no longer as loyal as they used to be" UOP, p.
Kenneth Collins and the research and development team are concerned with inadequate compensation. His perspective is if he properly compensates key researchers they will continue to develop innovative products.
The dilemma he faces is he has been with the company and Michael Riordan since the beginning and understands the company's current financial situation.
Charles Lacy and the sales team are concerned with the modification of the incentive system. He believes that employees should be compensated as teams. The dilemma he faces is that he has only been in management for one year so he does not want to push his limits.
Maria Trinh and the information technology department are concerned with being underpaid. She values maintaining key employees and compensating them fairly. Her dilemma is knowing that other employees are competitively paid and her department is being underpaid. Finally, the customers are concerned with the cost of the products.
They value adequate professionals handling their products at a reasonable rate. Their dilemma is deciding to pay more for highly skilled employees who produce innovative products or paying less for uncertainty.
Problem Statement The problem is Riordan Manufacturing's compensation process is deficient thereby causing a dissatisfied workplace and low morale among employees, which is resulting in declining sales and low productivity for the organization.
End State Goals The changes expected if the problems are resolved are, reduced employee complaints about compensation and fairly compensate employees. Many employees seek higher compensation for motivation to reach their fullest potential. Employees are being sought after and many have left the company during this difficult time due to the lack of challenges and low compensation.
In order for the company to reach its goals it must identify the goals of its workers. Verizon promises excellent salary and benefits, performance based incentive awards, tuition assistance outstanding career and growth opportunities and a unique environment of talented, diverse people www They are one of the most highly sought after employer.
Riordan is more than capable of this achievement. InBusiness Services introduced a compensation and staff development plan for administrative and professional staff.
Sincethere have been changes and additions that are incorporated into the new "Business Services and You guide" www.
Essays & Papers BSA NEW UOP Courses / Uoptutorial Essay - Paper Example. BSA NEW UOP Courses / Uoptutorial Essay Week 6 Learning Team Assignment Riordan Manufacturing Include what should be included in the accounting systems, and the systems that should be connected to the accounting system lausannecongress2018.com Riordan Manufacturing (RM) is a global plastics producer with projected annual earnings of $46 million. RM employees comprise three major demographic groups, lausannecongress2018.com Riordan Manufacturing desires to remain a successful global plastics producer. In order to accomplish this it will be pertinent for RM to overhaul of the companyвЂ™s structures and processes while paying special attention to their current sales and marketing lausannecongress2018.com://lausannecongress2018.com
This growth has seen Riordan expand their operation to multipl /5(3). Organizations: Riordan, Huffman, Kudler, McBride, Elias Group, and Smith Systems BSA Week 2 LT Project-Introduction to Riordan Manufacturing Complete a 2- to 3-page draft, including an introduction to Riordan Manufacturing and a list of useful accounting software lausannecongress2018.com://lausannecongress2018.com CIS Week 4 Individual Assignment: Memorandum.
Prepare a page memorandum analyzing the use of databases in your organization.
Include what database applications are used (Microsoft Access, DB2, Oracle, etc.).lausannecongress2018.com SEC UOP / uophelp.
SEC UOP / uophelp. admin Essays November 19, lausannecongress2018.com SEC Week 1 Goals and Objectives For a Security Organization Paper SEC Week 1 DQs SEC Week 2 Threat and Vulnerability Assessment NTC Week 2 Learning Team Riordan Manufacturing WAN Project Part I;lausannecongress2018.com