Riordan Gap Analysis

The prevailing theme in the Fortune clipping?s 100 Best Companies to Work for in the States is the colligate in the midst of employee satisfaction and customer satisfaction. Companies today are more than awake(predicate) of developing strategies to insure that the hunt downforce is happy and frantic concerning work responsibilities. Certain human-centered issues focus on magnanimous employees what they motivation and need by ensuring a level of comfortableness around material needs and still providing a rest completion towards meeting self-actualization needs. The shift in focus towards a retentiveness and longevity-based culture in Corporate the States, is a rebound from the downsizing, rightsizing sequence that is now a memory for the companies on Fortune powder store?s 100 Best Companies to Work for in America list and for the majority of corporations today (McDonald, 2007). Employee turnover is one of the largest be in ecesiss and is one of the to the highes t degree unknown caller approachs. Companies on a regular basis point and report cost, such as, wages, benefits, utilities, Workmans Compensation insurance, space, and materials, but most companies have no record or report of the cost of employee turnover. Several studies have latterly estimated the cost of losing an employee. The Society for serviceman Resource Management (SHRM) estimates that it cost $3,500 to replace one $8 per hour employee when counting all the costs like recruiting, interviewing, hiring, training, and reduced productiveness (Top Web News, 2006).

Riordan Manufacturing must consider these issues and more to create a successful business. Riordan Manufacturing is a world(prenominal) plastic producer that em! ploys 550 people. The society is wholly owned by Riordan Industries with earnings of $46 trillion and revenues exceeding $1 billion. The company has three production plants in Georgia, Michigan, and China. Corporate headquarters are in California (University of Phoenix, 2007). The organization?s strategy to growth innovation, value teamwork, and obtain bleak customers is hampered by employee motivation. If you want to perish a full essay, auberge it on our website: OrderEssay.net

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