Compensation Plan for Riordan Manufacturing Company

Compensation Plan for Riordan Manufacturing Company

Introduction

Riordan Manufacturing is the leading company in the plastic market. It has achieved a tremendous growth since its inception, 1991. The company employs over 550 works and the average earning are more than $46 million. There are various issues and problems, like decline in sales, uneven profits and employee turnover, which are impacting organization operations.

Current Trends

Recently, the annual employees' survey figured out that there is a dramatic decrease in job satisfaction, benefits and compensation. This survey shows that out of these, employee's compensation plan needs a prime consideration. At Riordan ...