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Problem Solution: Riordan Manufacturing
Currently Riordan Manufacturing is facing issues that could lead to the demise of the company. The company represents a major opportunity for the Human Resources department to step up and shine through. The purpose of this paper will be to explore the issues facing Riordan Manufacturing and decide what alternatives are necessary to ensure that the company meets its end-state-vision.
Situation Analysis
Issue and Opportunity Identification
The most important part of finding a solution to a problem is correctly identifying the situation and being to view them as is to look at them positively as opportunities. The current issues facing increasingly high employee turnover rates resulting in dwindling organizational commitment from employees, limited communication with its employees, an out of date compensation system, unequaled fit for workplace and organizational systems, and an underestimation of the connection needed wit the HR department. The change to a team-orientated sales has created an issue so fair and adequate compensation of individuals within the team and separately (Dreher and Doughert, 2001).
Riordan Manufacturing is struggling with how to decide on the changes in its compensation system. There are several pay/compensation options available. Variable pay utilizes types of compensation aimed at accommodating various departments in the organization. Variable pay options Include risk pay, team pay, broadbanding, commissions, garnishing, performance pay, skill based pay and knowledge based pay.
As the needs and mandates of the employees change the organizational accommodations must change as ...