StudentShare solutions
Triangle menu
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Human Capital - Essay Example

Nobody downloaded yet
This is a case analysis of the Riordan Manufacturing, a global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided among three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordans major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.
The cause of the problem that Riordan Manufacturing is facing is rooted from several strategic changes in the way it manufactures and markets its products. The declining sales and uneven profits over the past two years not only forced the company to change its sales processes, but prompted them to adopt a customer-relationship management (CRM) system. So now customers are serviced primarily by sales teams rather than single salespeople, with each team focusing on a particular customer segment. Teams typically include a sales person, product engineering specialist and customer service representatives. The company is hoping that the team approach will improve sales. With some work being redirected to a new manufacturing facility in China, and plants have been restructured into self-directed work teams, the changes implemented have caused the employee retention numbers to decline. An employee survey showed a decrease in overall job satisfaction, particularly in the areas of compensation and benefits.
Riordan’s employees comprise three major demographic groups. Baby boomers make up the bulk of the managerial and about half of the manufacturing ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Capital Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/313557-human-capital
(Human Capital Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.net/miscellaneous/313557-human-capital.
“Human Capital Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.net/miscellaneous/313557-human-capital.
  • Cited: 0 times

Summary

Much as we are aware about the significance of the human resource aspect in organizations, a strategic form of management applied within the arena of human resources permits the easier facilitation of organizational change. Although the human resource agenda have immemorially…
Human Capital
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Human Capital"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Human Capital /
Formal education and participation in ongoing training factors related to the workplace setting also help enhance human capital that every employee represents. The increase in the economic value of man gave rise to the concept of human capital. Conceptualized by Mark Blaug forty five years ago, this is embedded in the economic theory of human resources in the form of human capital theory (Blaug, 1976:827).
8 pages (2000 words) Essay
Human Capital
It helps firm in strengthening its performance. Without a strategy, firm has no direction to guide them. Human Capital is referred to as a measure of the economic value of abilities, skills and experience of employees. This concept states that all labor is not equal and the value of each labor can be enhanced by investing in them.
3 pages (750 words) Essay
Human Capital
Unlike the traditional concept, compensation and monetary incentives are no more the most important factors to stick on to a job. To maintain continuity in an organization it is very essential that turnover of staff is reduced. Today's world is knowledge-based with dynamic changes taking place by the hour.
9 pages (2250 words) Essay
Original Marketing Plan
is now threatened by rivals that are older and bigger and who have started to gain an edge due to size and reach by imitating the successful steps taken by the company in the past. The company now needs to think out of the box and this marketing plan is envisaged as a bold step
12 pages (3000 words) Essay
VALUE OF HUMAN CAPITAL
It is no more about the inventory held by a firm or the valuation of the workshop with machinery and equipments that matters. Dynamic changes take place by the hour as the world has become knowledge-based. Human capital is the profit lever of the
3 pages (750 words) Essay
Best account of the relation of self and society (social and self)
arianism, and feminism—define the self, and whether these definitions implicate the need for a political system that restricts the role of selfhood relative to the role of the community. All of these considerations depend upon a normative philosophy that usually falls along
3 pages (750 words) Essay
Human capital
At the start of this chapter, we are presented with a definition of the human capital. The model shown provides the major supplier an explanation of gender differentials in economic outcomes. There is field work done by Nobel laureates Theodore, Gary Becker and Jacob Mincer that displays individuals.
4 pages (1000 words) Essay
'Human capital' (economics)
increases human capital. The state of human capital in a country determines its level of progress and its capabilities No matter how rich a country is in terms of its natural resources, but if it does not invest in its human capital there is little that it can do to
2 pages (500 words) Essay
W2 Assign Human Capital
PM is also the process through which firms support their systems, resources and workers to strategic priorities and objectives. Improvement of performance, on the other hand, is the idea of assessing the output of a specific procedure or
3 pages (750 words) Essay
Economics of Human Capital
assical theories of economic development widely promoted the idea that both capital and labor were affected by ‘diminishing returns,’ which implies that the insertion of additional capital or labor to the system produced increasingly reduced growth in output (Becker(b) 57).
5 pages (1250 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Human Capital for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us