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Problem Solution Riordan Manufacturing 12

Problem Solution: Riordan Manufacturing

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Title: Problem Solution: Riordan Manufacturing

Essay Details:

Subject: Social Issues

Author: Daniel C

Date: June 17, 2014

Level: University

Grade: B

Length: 13 / 3838

Essay text:

Instead of taking immediate action when the declining sales and turnover began, Riordan waited and allowed the attack of the market share, profits and turnover to occur. Recently, the annual employee survey revealed a dramatic decrease in job satisfaction, compensation and benefits. Many employees are currently being under paid by 15% the markets needs and compensation is tied towards seniority rather than performance based. The current reward system is overwhelmingly perceived to be unfair by employees. Employee motivational theory reflects, “Employee perceptions are the critical elements in motivation” (Dreher & Dougherty, 2001)...

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