Mba530 Riordan Manufacturing Corporation

Running head: PROBLEM SOLUTION: _ Riordan Manufacturing CorporationProblem solving: Riordan Manufacturing CorporationMBA 530Problem Solution: Riordan Manufacturing CorporationLife is well-nigh give and become. When the balance between ?give and take? tilts both way, the fabric of harmony is disrupted resulting in dissonance. An plaque or a high society has to be aw be of this inseparable justness governing human nature. An employee gives knowledge, hours, and insight to an boldness. In return, organization pays an employee for the same. Incentives and rewards atomic number 18 a two way sword. It buttocks tempt as a magnet to sustainment an employee or can be the very reason for employee dissension. How well dollar and non-dollar incentives are musical arrangementized to keep an employee happy can decide the tidy sum of an organization in a long run. During the course of this paper, we go out try to estimate rewards system with one company in mind; Riordan. Rewards sy stem depends on various factors such as alignment with organisational strategy, internal equity, external competitiveness, employee motivation, and compliance. We will light with situation approach Riordan. Situation Background (Step 1)Riordan is a manufacturing company which produces plastic. It has over 550 employees and its yearly earnings are close to $46 million. It produces plastic in its three plants. Riordan customers comprise of automotive split manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.

Riordan is facing typical organizational situation. Riordan as a manufacturing company have employees with di fferent motivational and strategic needs. It! has employees ranging from manual(a) laborers, skilled traders, administrators, professional, technically savvy employees, sales and managerial staff. As the varied employee inventory suggests, they represent diverse educational backgrounds, ethnicities, family situations and varied working mind-set. Riordan has been overhauling the way it manufactures and markets its products. Some of the factors such as declining sales... If you involve to get a full essay, order it on our website: OrderEssay.net

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