Riordan Manufacturing is faced with an interesting but not uncommon occurrence among larger businesses. Riordan is faced with a motivation and production problem in a growing, global organization. Employee motivation is an issue that does not discriminate as Organizations of all sizes wrestle with it. This is particularly true in manufacturing companies with a broad range of employees with myriad motivational needs. Usually, these workers represent multiple educational backgrounds, generations, ethnicities and family situations. How well the organization addresses these differences can mean the difference between an energized, productive workforce and a lethargic, non-productive one. Riordan has a strong reputation for paying attention to detail and extreme precision and fascinating quality control. Riordan’s President is the primary shareholder and founder of the company who focused on increasing sales and financial profits while increasing the value of his investments. “Profitability is the primary goal of all business ventures” (AG Decision Makers, 2006). Employee motivation, performance and retention are keys to Riordan’s continued growth, profitability and success. Career development, compensation and rewards, and employee relations programs can be used strategically for maximum organizational effectiveness (Anonymous, 2008).…
Today many companies are enduring the challenge of hiring, training, and retaining employees. Globalization has raised the demand to acquire talent that matches the need of organizations. Labor pools abroad are starting to create a job market where average American salaries are far less with the competition. As the baby boomers defer retirement the worker supply is projected to become smaller. Many workers now are opting to have more of balance between leisure activity and work. Skilled workers are at a minimum. A large swing in the attitude toward work of the current generation has been very poor. Finally, many companies are experiencing high employee turnover rates as workers are jumping jobs to find better pay or benefits.…
Lockheed Martin’s internal environment is based around three guidelines: “Do What’s Right, Respect Others, and Perform with Excellence”. These values are known among every employee and Lockheed expects them to be carried out every day. Employees are encouraged to use their creativity and skills to challenge themselves to work toward innovation. A major source of the organizational culture is the behavior of the top management. The director of human resources, Max Beal, at Lockheed Martin in Phoenix expressed the importance of employee retention. He asks his employees to give suggestions on how to improve employee retention through things like work flexibility. He has implemented many perks like a sick-child program, an on-site fitness facility, interest-free computer loans, and many career and development opportunities. Beal also manages on a “9/80” schedule where employees work nine-hour work days Monday-Thursday, eight hours on Friday, nine hours the following Monday through Thursday and then they get to enjoy that Friday off. This means that employees get a three day weekend every other week. These perks and improvements are a contribution to the company’s low employee turnover.…
For most firms today, success or failure is determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembles. The talent survey article composed regarding Winston Churchill’s speech that discusses a shift in the discovery of the new natural resource going forward. This natural resource is the talents and abilities of the employees that a company can recruit. Historically, the natural resources that a company could obtain were the most important aspect of a company’s growth.…
For some organizations, the value gained in terms of intellectual and human capital, is incalculable. In the end, T&D not only cultivates a competitive advantage, but it provides achievement opportunities for employees. It’s these opportunities that drive organizational performance upward by engaging, retaining, and leveraging the talents of employees at all levels within the organization.…
The ideas that are given in this book will stimulated my mind into becoming a leader and perhaps enabled me to bring my company ahead of the competitors. It was amazing to see how Collins spent nearly five years in comparing the mediocre companies with great companies. One most notable difference is on how the level 5 leader responds to each situation that the company faces. This book will helped me to understand that if a company becomes big, its not because of the skilled salesperson nor huge investment in advertising, but it is simply because the great CEO that bring the company into such success, was proactive in doing so, and was not afraid to face the brutal facts.…
In a management position of a company, there are many different strategies for hiring individuals for different types of positions. Each manager develops a commonality of the type of people they are looking for. In the case study of Mr. Guy Kawasaki, he touches on his different methods for hiring diverse prospects, including some of the mistakes he has made and what to do different not to repeat the same mistakes. Rather than hiring individuals who are very knowledgeable about the position at hand, he more looks to recruit people who learn how to learn, becoming more effective over time.…
Equitable treatment sets the precedence for a productive environment, proving to the employees the organization appreciates them. The development and implementation of a career ladder proves to employees that the organization is serious and committed toward their future. The long-term effect is retention and loyalty, enabling Happy Trails to achieve a competitive sustainability. Competitive wages, engagement of employees in business decisions promotes a positive culture. HRM’s education of policies and procedures defines acceptable behavior, clarifying challenging issues (Business Management,…
The effectiveness of employee’s performance is measured by their productivity, happiness, and talent and reflects the prosperity of the overall organization. The responsibility of corporate level positions is a vital value for larger businesses and it is an important attribute for high level contributions from each employee. Being an active member in society and aiding with community projects that encourage diversity within the organization can help to maintain a healthy relationship between the company and the surrounding society (Blanchard & Thacker, 2007). When a business instills a healthy working environment for their employees, it most often times results in building an effective working relationship for a long period of time. This paper will analyze the key training criteria’s that focuses on large companies in the areas of their legal requirements, employee growth, and diversity.…
John Francis Welch, Jr., also known as “Jack”, became the CEO of General Electric in 1981 and maintained this title for the next 20 years until his retirement in 2001. He was widely known as a “national business hero” because he had a different approach on management that provided increasing results. For this very reason, many also despised his tactics. He was very aggressive in cutting out the weak, because he believed that it was holding back the company. One of the main principles that General Electric emphasized was loyalty. After Welch took over, loyalty meant next to nothing. He led General Electric to become a highly profitable and successful firm, but a major question is how successful he was as a…
The supermarket company “Whole foods”, incorporate human and social capital in the way that they teach their organization to grow, “Management’s job at Whole Foods is to make sure that we hire good people, that they are well trained, and that they flourish in the workplace”. (R. Krietner, A. Kinicki 2010, p. 30). By enforcing these standards on human capital, Whole Foods ensures they have individuals with the best potential for growth within the company. The role human capital plays remain a critical role in the development of any business. Big, well known, companies need people with intellectual backgrounds, knowledge, along with technical skills to advance their companies.…
We have now realized that people are the foundation that can make or break an organization. The thoughts and actions of the company and the employee are imperative to their success. Retaining top talent is about creating a structure that is conducive to growth and development. Empowerment is important on an organizational level and an individual level.…
Organizations face massive challenges in attracting and retaining a high-quality and productive workforce. Companies are continually looking for new ways to keep their employees satisfied at all levels in order to harness greater productivity and ideas from people while keeping them motivated and happy. One real challenge examined earlier is the need to transform General Motors to be a much more productive and fully utilized organization by examining the hourly workforce. This is a great change from the traditional "us versus them" mentality of the past between management and the union.…
The pool of individuals who will develop this organization is comprised of dynamic talent and energy. Every corporate officer has obtained a college degree in business administration demonstrating discipline and motivation. Within experiential categories, which are characterized by skills and strengths, the team brings together qualities that complement and build on those of other members. The skills are comprised of management level proficiency within…
PART 1 1. HIGH PERFORMING ORGANISATIONS SCORE To excel in today’s competitive business environment, organisations must become an employer of choice, a provider of choice and an investment of choice. This triple bottom line can make the difference between mediocrity and greatness. Since 2007 this has been a continuing theme in RasGas’ Leadership and Management Development and continues to this day. With highly mobile, competent workers in demand despite the recession, we have to find ways to attract and keep the best people. Good pay is not the answer. Competent workers can and do go elsewhere for a higher salary. However, today’s employees want more. They seek opportunities where they feel that their contribution is valued and rewarded, where they are involved and empowered, where they can develop skills, where they see advancement opportunities, and where they believe they are making a difference. The challenge for organisations today is to provide such an environment. While many organisations rise quickly and then plateau or topple, some continue to thrive. We should not be lulled by the “too big to fail” syndrome. What makes great organisations? These are High Performing Organisations – and are defined as: Organisations that over time continue to produce outstanding results with highest levels of human satisfaction and commitment to the success of the organisation. There are some common elements that make up a model we can refer to as SCORE.…