Riordan Problem Solution

Issue and Opportunity Identification Several employees confound recently complained that they ar underpaid and have expressed the need to have their salaries revised. In fact, nearly employees, especially within the IT department, have been approached by recruiting firms which seem to be offering much more competitive salaries. As for the R&D department, there is as well as a strong pertain that they might loose several key product engineers to different companies that also offer much more competitive salaries. Riordan has been tending(p) the opportunity to hear what their employees be saying and feeling and wherefore conduct several industry and benchmarking studies to determine the root incur of these issues. By examining the organizations external competitiveness (Dreher and Dougherty, 2001, p.80) and hence comparing informal job roles to the market, Riordan will be open to better evaluate the need for possible adjustments. This will also allow Riordan to reach a fair compliance direct as it relates to their internal bear system by conducting benchmarking studies and administering pay surveys to obtain comparative market data (Dreher and Dougherty, 2001, p.80). There have also been several complaints towards the fact that pay and compensation are not necessarily linked to performance but more to seniority.

In certain cases, performance reviews arent even creation conducted as this has led to a great deal of iniquity and inconsistency within the organization. Riordan needs to rethink and redesign its honor and compensation process in order to maintain justice and consistency amongst its employees while rewarding individual performance. By maintaining internal consistency (Dreher and Dougherty, 2001, p.82) and enforcing a robust performance-contingent (Dreher and Dougherty, 2001, p.88) pay structure, Riordan will be able to encourage individuals to stay motivated and perform tautologic efforts over and beyond their required tasks. Another concern that has substantially... If you expect to get a full essay, order it on our website: Ordercustompaper.com

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