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Riordan_Generic_Benchmarking

Riordan_Generic_Benchmarking - Riordan Manufacturing...

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Riordan Manufacturing: Generic Benchmarking Paper 1 Running head: Riordan Manufacturing Scenario: Generic Benchmarking Paper Riordan Manufacturing Scenario: Generic Benchmarking Paper University of Phoenix March 12, 2007 MBA 530
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Riordan Manufacturing: Generic Benchmarking Paper 2 Riordan Manufacturing: Generic Benchmarking Paper This section will introduce the reader to the content of the paper. The introduction engages the reader by providing an idea of the focus of the paper or the primary thesis of the writer in a way that makes the reader want to read the paper. This section should be 2 or more paragraphs. Motivation and Rewards – Company Synopses Synopses on Company1 According to Milkovich and Newman, an internally aligned pay structure, also known as internal equity, is more likely to be viewed by employees as being fair if the company’s pay structure has been designed around the work and skills needed to do the work and if the employees have the opportunity to be involved in determining the pay structure. And although employees agree those in higher positions with greater skills and responsibilities deserve larger salaries, there is a limit on what is deemed equitable. The most highly paid individual in most companies is the CEO. Controversy over CEO pay has escalated, creating public outrage over soaring executive pay and perks; becoming headline news when prominent CEO’s are charged with illegal or unethical behavior. However, to categorize all CEO’s as unethical and greedy scoundrels is unfair. A company’s ethics does not occur in a vacuum. .According to David Raby, president and CEO of Soldering Technology International, if a company’s culture is to ethical, the CEOs must set the bar high. “Speaking ethics makes a point but living ethics makes the difference” (2006, n.p) Costco Wholesale is a multi- billion dollar global retailer with operations in 8 countries and is recognized as a leader in the retail market. Costco has been named by Washington CEO Magazine as one of the top three companies to work for in the state of Washington. Wall Street
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Riordan Manufacturing: Generic Benchmarking Paper 3 analysts have criticized Sinegal for being overly generous to his employees. Bill Dreher, analyst
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