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In this paper, the group will explain the purpose of each policies and procedures of Riordan Manufacturing, what changes have been made (changes stated after the old policies and procedures), and the reason for the change.
The purpose compensation philosophy at Riordan Manufacturing is to help the company achieve its mission and goals by attracting, motivating and retaining the most highly-qualified people, with a particular focus on attracting people in critical disciplines such as R & D and quality. Base pay opportunities will be competitive by targeting the median of the appropriate external comparative group for average or satisfactory performance...
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