Riordan's Current Trends, Issues in Compensation, and Future Trends
Not what you're looking for?
Is anyone familiar with this virtual organization to assist with this? Thanks
- Evaluate Riordan's current trends, issues in total compensation, and prediction of future trends
- Riordan's wage management process and rationale
Purchase this Solution
Solution Summary
Riordan's current trends, issues in compensation and future trends are examined. Riordan's wage management process and rationales are given.
Solution Preview
Riordan's Current Trends and Compensation Issues
Current trends at Riordan are that it is facing a situation of the low morale of employees, lack of work ethics in employees and high employee turnover. It is analyzed that the main reason behind all these trends at the company is ineffectiveness of HRM processes. The main reason behind low morale is that employees believe that if they have a good environment for work and some challenging task, they can perform better at their job (Briscoe, Schuler & Tarique, 2012). Additionally, there are several issues associated with total compensation. In this concern, it is identified that many employees at the company believe that their salary is not according to current market industry rates.
Employees' perception is that they can attain better compensation for their commitment, job performance and loyalty by receiving additional financial and non-financial benefits in the industry. Apart from this, the compensation plan ...
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Introduction to Finance
This quiz test introductory finance topics.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.