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When organizational modifications are made within Riordan, it can become the leader in the manufacturing industry. Reward systems are much more than just bonus plans and stock options. Reward system should include award/certificate, recognition, promotions, reassignment, non-monetary bonuses (e.g., vacations), or a simple thank-you. In order for Riordan Manufacturing to remain profitable and competitive, management must redefine the issues of the reward system. The redesigned reward system should be in alignment with its business strategy. An opportunity exists for Riordan Manufacturing and all stakeholder perspectives are necessary in developing and implementing a new reward system, which is critical to the company’s success...
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