Submitted by shelby on December 20, 2007

• Category: Business
• Words: 2542
• Pages: 11
• Views: 423
• Popularity Rank: 191

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Benchmarking

Riordan Generic Benchmarking
The virtual organization, Riordan Manufacturing, has responded to declining sales and uneven profits by changing its sales and manufacturing processes and structure. This has changed the current culture from an individual-based to a group-based one. Consequently, the company has experienced an increase in turnover and a decrease in overall job satisfaction, particularly in the compensation and benefits area (University of Phoenix, n.d.a). Currently the compensation package that Riordan offers promotes individual incentives through merit pay and minimal employee recognition programs. A recent employee survey found that employees are experiencing low...

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