Riordan Manufacturing is faced with a problem within their organization that has developed into the lack of motivation and rewards strategies for employees that is starting to result in organization ineffectiveness amongst the employees. However, the objective is to develop Riordan Manufacturing into a high profitable organization that possess highly respected employee compensation and benefit programs. This program should motivate employee to be productive and attain job satisfaction within the organization. The awards program will assist Riordan Manufacturing to maintain a high retention rate, high morale rate, and quality productions.
In the following paper I will discuss Riordan Manufacturing organizational background and organizational structure. I will discuss the evaluation of the problem/issues that Riordan Manufacturing is facing that has an impact on the organizational effectiveness. I will discuss the benchmarking alternative to assist in resolving Riordan’s problem/issues within the organization. I will demonstrate a comprehensive motivation and rewards strategy model for organizational effectiveness. Furthermore I will discuss the outcome of these strategies.
Background
“Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided among three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordan's major customers are automotive parts manufacturers, ...