edf40wrjww2CF_PaperMaster:Desc
Running head: RIORDAN MANUFACTURING BENCHMARKING
Riordan Manufacturing Benchmarking
University of Phoenix
Human Capital Development
MBA 530
January 31, 2008
Riordan Manufacturing Benchmarking
Introduction
In order for any company to gain competitive advantage over other companies in the same industry, the management teams need to understand the importance of improving business results through people. Employees are the maker or breaker of any company. Without increased motivation and morale of the employees in a company, the company risks losing valuable employees and will be at a disadvantage in attracting potential top talents. As the economy continues to change and competition continues to increase, businesses have to constantly find ways to satisfy their employees in order to retain the best ones. As Riordan Manufacturing (RM) will strive to meet the competitive needs of the employees within the company and prospective job candidates, they will also need to allure the individuals to the company.
The issue facing Riordan Manufacturing (RM) are; retaining employees, career and training development, human resource philosophy, motivation, and management of restructuring process. Human resources are an integral part of an organization. An organization cannot survive without human resource policies and procedures. "Human resource activities in a company must directly support business strategy and the satisfaction of customer needs" (Walker, 2002, p. 59). For most companies that enter a global market, human resources play a huge role in the companies' success by updating policies to accommodate the new cultures. This analysis will be a problem solving approach f ...