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Riordan Manufacturing

Gather detailed information regarding Riordan Manufacturing for the following:

The influence of the organizations financial condition on the total compensation.

How your plan will be communicated to leadership and employees?

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The response addresses the queries posted in 706 words with references.

//As per the directions, the paper first provides a brief introduction of the company in the context, i.e. Riordan Manufacturing. The paper then highlights the financial condition of the company and the various problems faced by the company, currently. Finally, a compensation plan is described, which should be followed by the company to reduce the attrition rate and to increase employee morale.//

Company Introduction

Riordan Manufacturing was founded by Dr. Riordan, who has acquired a number of patents on processing of polymers into high tensile strength plastic substrates. Riordan Manufacturing deals in the production of plastics worldwide. It supplies customized plastic containers, plastic fan parts, and a range of other plastic parts to a variety of businesses. It has approximately 550 employees and revenues of nearly $46 million. It is headquartered in California and is a wholly owned subsidiary of Riordan Industries, which is one of the Fortune 1, 000 companies, having earning of more than $1 billion.

Influence of Financial Condition on the Total ...

Solution Summary

The response addresses the queries posted in 706 words with references.