Riordan Gap Analysis
Running head: GAP ANALYSIS: RIORDAN MANUFACTURING
Gap Analysis: Riordan Manufacturing
Gap Analysis: Riordan Manufacturing
Riordan Manufacturing is a multi million dollar company in the global plastics industry. With three separate manufacturing plants, a corporate headquarters and five hundred fifty employees, the organization is now forced to deal with recent issues with regards to human resource management. Declining sales and uneven profits during the past two years have forced change within the firm and now, those changes are being questioned. Riordan is now experiencing problems with increasing employee turnover rates, difficulty with employee retention and an overall decrease in job satisfaction in many of the internal departments. At this point, it is essential to revisit the organizational structure along with their compensation system in order to turn the company around. This research is an attempt to identify the exact issues and opportunities facing Riordan Manufacturing along with each of the stakeholder’s perspectives and to provide a gap analysis identifying those factors which need to change and the challenges presented in doing so.
Situation Analysis
Issue and Opportunity Identification
With regards to Riordan Manufacturing, the issues at hand might be described as extensive and are further outlined in Table 1 of this research. As a result of the organization’s staff containing roughly five hundred fifty members including people from three different generations, a number of ethnic backgrounds, different education levels, and obviously, both males and females, it will be difficult to propose changes which please everyone. Riordan had recently made changes in its manufacturing, marketing and sales processes in the wake of declining sales and uneven profits and since then, many employees have expressed displeasure with the firm while both the overall job satisfaction and employee morale have declined. As a direct correlation, a...
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