Riordan Manufacturing: Internal and External Compensation
Riordan Manufacturing: External and Internal Equity Compensation
Riordan Manufacturers, being a leader in its industry, appreciates the need to meet the needs of its employees through a fair compensation policy - one that equates pay with the value of the task performed, because fair treatment boosts employee performance and morale, and is an effective employee retention technique (Romanoff, Boehm & Benson, n.d.). Internal equity compensation describes an employee's compensation in relation to that of other employees at the same level within Riordan Manufacturing (HR Council, 2014). External equity, on the other hand, compares Riordan Manufacturing's wages with those of organizations within the industry.
Employee compensation is fundamental to Riordan Manufacturing, just as is stipulated in the company's compensation philosophy. Riordan realizes the intensity of global competition and understands that in order to maintain its industry position and market share, it has to acquire the best in terms of personnel. The quality and R&D disciplines are the backbone of the company's future. Riordan's pay program seeks to help the company realize its objectives by attracting and retaining highly-qualified...
Riordan Manufacturing is a global plastics producer employing 550 people with projected annual earnings of over $46 million. The company can attribute much of its success to excellent customer service, high quality products and repeat business. Employees are a treasured commodity -- the work environment emphasizes cooperation, high moral character, and professional development. Riordan Manufacturing has established a series of business systems and subsystems to continually improve operations. Having an effective
Riordan Manufacturing, Inc. Service Request SR-Rm-022 Riordan Manufacturing has submitted an SR-rm-022 service request for the analysis of the current HR system with the goal of the integration of the current tools into an integrated application for corporate wide use. The new HR system for Riordan Manufacturing Systems will implement the development life cycle process (SDLC). The project has a completion date for approximately six months from initiation with system utilization
Employee benefit packages (especially healthcare and other areas of governmentally-mandated benefits) and pension plans must be carefully and conscientiously maintained, with the primary -- even the sole -- purpose of providing Riordan Manufacturing's most important resources with the incentives and the capabilities of remaining productive and contented members of the organization. Compliance in these areas automatically follows from the proper treatment of the company's employees; instituting a company-wide policy
Regardless of the actual operation being run at a time or the other, Riordan Manufacturing respects the regulations instated for all types of activities. We respect the right of our staff members; we respect the rights of the communities in which we operate and we function in full accordance with the national and international stipulations. We condemn any type of sexual or otherwise discrimination or any type of illegal treatment of
Riordan Japan Lord's Payer: Riordan in Japan Globalization has many different effects on the world, the nations within it, and the individual organizations and people that populate these nations. Many of the effects and challenges of globalization work in indirect ways, and these are the effects that are quite often areas of ethical concern when it comes to international business, however there are also many direct considerations that businesses must take into
, 2010). The model includes several mediator (e.g., knowledge exchange) and moderator variables (e.g., self-leadership competencies of actors) that explain why and when this approach is effective and looks at leadership in more of a comprehensive way than focusing on one individual. Such perspectives have suggested that when employees become involved in the decision making processes then this can strengthen leadership. Transactional Leadership Transactional leadership is the leadership model that represents what
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