University of PhoenixMBAHR/591March 16, 2009This paper will examine the role of social contract, equity in compensation, trade unions and employee involvement, and pay systems across countries related to the organizational objectives at Riordan Manufacturing, Inc. When it comes to international pay there are many areas that are able to be researched. Employee compensation varies in all countries and is built around their traditions and way of life. Companies need to ensure that they understand the differences in the countries to be able to successes when expanding their business internationally.
Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. With state-of-the art design capabilities, we create innovative plastic designs that have earned international acclaim. Attention to detail, extreme precision and enthusiastic quality control are the hallmarks of Riordan Manufacturing. With facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hangzhou, China, we have the capacity to fulfill your unique needs.
Riordan Manufacturing is wholly owned by Riordan Industries, a Fortune 1000 enterprise (UOP, 2009).
The company was founded by Dr. Riordan, a professor of chemistry, who had obtained several patents relative to processing polymers into high tensile strength plastic substrates. Sensing the commercial applications for his patents, Dr. Riordan started Riordan Plastics, Inc. in 1991. Initially, the company's focus was on research and development and the licensing of its existing patents, but in 1992 Dr. Riordan obtained venture capital which he used to purchase a fan manufacturing plant in Pontiac, MI. At that time, the company's name was changed to "Riordan Manufacturing, Inc." In 1993, the company expanded into the production of plastic beverage containers when it acquired a manufacturing plant in Albany, GA.
The company's most recent expansion took place in 2000 when it opened its operations in China. At that time, the...