Running head: GAP ANALYSIS: RIORDAN MANUFACTURING
Gap Analysis: Riordan Manufacturing
Jennifer Hansen
University of Phoenix
MMPBL/530 Human Capital Development
December 7, 2009
Gap Analysis: Riordan Manufacturing
This paper will reflect the issues and opportunities that are surrounded by a company called Riordan Manufacturing, a global plastics producer who is presently experiencing diminishing sales over the past two years and has struggled to maintain its existence within the industry. Riordan Manufacturing has been resistant to change within its organization and the industry causing the organization to suffer overall. CEO, Michael Riordan recognizes that change is needed must take place for the company to survive, but
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The leadership team, namely CEO Michael Riordan has been looking at this situation earnestly for the past two years. The leadership team has struggled with making the necessary decisions, whether they be from avoidance or lack of how to knowledge as how to approach the situations successfully by increasing profitability and simultaneously implementing new organizational processes. The leadership team has their individual views about the company’s reward and compensation model that is presently being used and unsuccessful. They would like to resolve this problem with the least amount of out of pocket costs but with expeditious results to increase employee motivation and retention issues in the organization.
The human resource department has insufficient system and practices to fulfill the objectives of the organization successfully. With a devalued sense of equity and expectancy of the HR and employee relations, any attempt of a flourishing organizational alignment is dismal. A human resource department is vital to the success of the management of people within an organization. The leadership team should realize this and utilize the strength that lies within the HR structure to its own advantage.
The employees of Riordan Manufacturing are comprised of several bands of professionals, generations
The HR department officials in most organizations perform as they should. In most cases, they also focus on achieving the right things. Human Resource departments focus organizing, controlling, and hiring employees in organizations. When organizations apply HR practices, the results are great client satisfaction, a good net margin, and reduced sickness absence (Richard and Johnson, 2001). Vermeeren et al. (2014) posit that there is a great relationship between performance and HRM. Most organizations use the human resource department to ensure that operations run smoothly.
Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.
Human resource departments today have a more distinct, calculated position within organizations, and human resource strategy influences the bottom line. “One of the challenges for HR leaders is convincing executive leadership teams that human capital is one of the most important resources in which the company can invest” (Mayhew, 2014, p.). Subsequently, “this return on investment is an essential part of the argument for including HR as part of an overall business strategy” (Mayhew, 2014, p.). Human resource departments utilize the information given to them from company executives and leaders, coupled with their respective expertise on all things personnel, and they plan and implement staffing concerns for the betterment of the organization. From preparing job analysis, to comparing inventory and forecasting, it is the responsibility of human resources to consider the objectives of an organization and fulfill those goals while operating the specific planning relative to HR.
Human Resource plays a key role in designing the performance management framework. Human Resource role is manifold and each of these roles well played can be highly beneficial to the organization. However, as it is now, the people in the department do not seem up to par. In the article, "Why We Hate HR," written by Keith H. Hammond, the author portrayed a negative stance on the department. He listed four reasons describing what is wrong with the Human Resource people. Based on those four main criticisms, three individual interviews were conducted to see either Hammond’s point of view is agreeable or not. The interviewees also have given their personal experiences and opinions when comparing their
The human resources department needs to be viewed as a staff of internal consultants who work alongside managers to achieve long-term company goals and plans. “Firms are more likely to succeed when human resource practices are aligned with the needs of internal and external customers” (Wang & Niu, 2010). Managers should be given more independence when making hiring, appraising, and compensating subordinates.
In any organization it is important for HR to touch all levels of the organization and to understand the organization’s environment. An organization who values their employees cannot afford having a human resources department that does not function in a strategic partner role. Human resources professionals, in organizations are equipped with the knowledge, skills and abilities to work with talented senior leaders in an organization. They have the ability to successfully partner with each department within an organization to understand the overall business. HR professional can assist in designing strategic plans to balance the needs of the organization, the employees and the stakeholders. HR can help align efforts of the various functions within the organization with the established goals. They can support the organization’s functions by recruiting, developing and retaining company team members who are crucial. HR should be the driver of the organization’s values. They must not only focus on internal tasks but must step outside the box and fully understand the organization as a whole, how it operates, the competition and what could influence the organization's progress. They must be able to handle change, perform environmental scanning, understand outsourcing and processes
These ratios are used to provide an insight of the long-term solvency of a company. They differ from Liquidity Ratios by indicating how a company is using its long-term debt.
Most organizations view human resources departments as less valuable than other departments because it’s not a revenue- generating department. However, it is quite the opposite because HR brings the organization its most valuable assets, which are its people.
The Department of Human Resources (HR) is viewed by some organizations as an administrative function and they tend to overlook the need and opportunity to align them within the organizations strategic plans and goals (Kokemuller, 2015). The design and
The objective of the Human Resource Department is to design management systems to ensure human talent is maximized to effectively and efficiently achieve organizational goals. HR has seven functions that are intertwined. These functions are global, environmental, cultural geographic, political, social, legal, economic, and technological. Human resource management has the potential to drastically impact the success and effectiveness of an organization. Human Resources has heavily focused on recordkeeping and paperwork. It has often been considered a clerical and low-level administrative department. In most organizations, Human Resources is looked upon as the employee mediator in the organization. They tend to be the voice of the employee, building company morale and putting out fires involving crisis management. The problems they deal with are both employee work-related and not work-related. HR strives to ensure fair treatment for all employees. They work with varying departments throughout the organization in order to create and implement necessary programs and policies. HR works with equal employment opportunity and other laws, to ensure compliance. They work to fill current job openings by processing applications, interviewing, and training. They answer questions regarding benefits and wages and address safety issues. The expansion of technology and outsourcing have drastically transformed the
In the world of business, human resources play a huge role in organizations that impact the company’s employees and the employers. The contents of the department are to do job analysis and design, HR planning, legal requirements and manage diversity, recruitment, selection, orientation, training, and development, performance management, compensation, employee benefits and services, health and safety at the workplace, etc. Are all important factors when managing human resources which is why Human Resources is important, and why I do not agree with Keith H. Hammonds point of view on “Why we hate HR”. There a few points that he discussed that I do agree with for, example “Is the business effective and successful?” “Who does the company’s vice president of human resources report to?” and “Point of view about the future and how organizations are going to change.” Are just a few examples but overall I do not agree with why 1“HR people aren’t the sharpest tacks in the box”, 2“HR pursues efficiency in lieu of value”, 3“HR isn’t working for you”, and 4“The corner office doesn’t get HR (and vice versa)”. There are so many responsibilities that human resources do to ensure the company’s best interests in the organization and with its employees. To conduct that operations are running smoothly and effectively. For all these reasons, this is why I disagree with Keith H. Hammonds.
Human resources is not only the place you go when troubles arise, this department is vital to any company, they are often misunderstood and not utilized as they should be. HR (human recourses) may have started as a personnel department, they took care of pretty much anything that was related to people in the company. But, 20 years ago a new department was born when it was figured out that personnel department was dealing with human resources. Over the past 15-20 years HR has merged to management and development. If top management would let them HR could accomplish strategic goals of an organization. Most of the time HR is omitted from strategic decisions, but this is a dangerous decision by top management to make.
Change is needed for motivation of the employees and continued efforts to strive for better results will also continue to change the organizational structure. As the structure of the organization changes the framework of the human resource department must be capable of changing to employ new strategies for organizational effectiveness. The human resource team is the liaison between the management team and the employees and must be capable of creating new educational experiences that create camaraderie and collaboration.
Human Resource department always has a challenge that is to ensure employees are motivated and committed to the organization with honesty. Human Resource department can act as a service provider for the employee and treat employees the same way organization would like them to treat their customers.HR conducts cultural events and dj nights for employees to bond.
There are some critics out there claim that corporate human resource departments have outlasted their practicality and are not there to benefit employees, but to keep the organization from legal problems. By theory, Human Resources Management is responsible to create a high-quality workforce inside the organization. It means Human Resources Management participate in some activities such as interviewing job candidates, training, and evaluating (Robbins, 2012, p. 338). Linking the theory and the issue, I think that there are some confusions inside the Human Resources Department in some organizations that makes Human Resources Management process nowadays start falling apart. Human Resources Management departments are trying to serve two bosses. On the one hand, Human Resources Management are there to provide help and support for the employees and, on the other hand, they exist for the organization and the senior management to help manage, monitor, appraise, discipline, and evaluating employees. I believe this confusion is causing friction, and in many organizations, Human Resources Management departments is focusing to support the organization side, rather than supporting the employees’ side.