Riordan Corporate Compliance Plan Essay Example | Topics and Well Written Essays - 2000 words

Riordan Corporate Compliance Plan - Essay Example The officials and the directors of Riordan are obligated to comply with all state corporation requirements, the Articles of incorporation, and its By-Laws. This is crucial as it entails for maintaining harmonious working relationship in the company, minimise conflicts arousal and in case they arise should be tackled in the best way possible. (ii) Legal Liability of Riordan Administration Looking at the Board of Directors and the Chief Executive Officer (CEO) at Riordan Industries, their dedication and commitment towards ensuring high ethical standards, as well as compliance to the applicable laws in all its practices, is outstanding in the company. In order to make sure that the operations in all programs and service delivery are conducted with compliance to appropriate laws and uphold high ethical standards; a Corporate Compliance Plan is inevitable. ... The steps outlined in the Plan are crucial to the company in the prevention of negative and uncalled for actions; further, facilitate the company to benefit from risks and eventually roll predictions to the benefit of the company (Biegelman, 2008). There is crucial necessity to look into given matters that could extend into many larger inconveniences and challenges if the company fails to manage assertively, the activities involved. (iii) Legal options In the eventual arising of legal problems concerning Riordan Manufacturing, the most probable and cost effective method will be employed. Whenever applicable, Alternative Dispute Resolutions (ADR) will be imperative for use instead of the traditional forms of litigation to save the company time, money and possible public analysis. The reason behind the use of ADR at Riordan is because it will lead to an effective way of resolving the current dispute and enhancing business competition with each other. The following section looks into th e ADR of Riordan in details. Alternative Dispute Resolution Riordan Manufacturing will incorporate the use of ADR where possible in its quest to handle disputes, differences, discrepancies, controversies and dissension among the employees. There are instances where the employee engages in illegal activities or hinders proper investigations; in such circumstances, the employee is subject to litigation or cessation of duties. Further, the employee is right to obtaining of legal counsel whenever situations warrants for, and at the employee’s expense. Whenever a case has a direct bearing on the welfare of the organization, legal counsel can be provided at the employer’s

Great Recession and Job Market Research Paper Example | Topics and Well Written Essays - 2500 words

Great Recession and Job Market - Research Paper Example Because of the huge advancements in technology and the subsequent developments in industrial sectors, it is a fact that job openings are huge in number in many parts of the world. America and Europe are regions which are facing severe manpower shortages in the employment market. For example, the majority of the nursing professionals working in America and European countries are from India, Pakistan or Philippines like countries where manpower resources are surplus. Moreover, America is currently outsourcing a substantial portion of their jobs to Asian countries because of skilled manpower shortage. According to a study, â€Å"More than 1.3 million additional Western jobs will vanish by 2014 due to "the accelerated movement of work to India and other offshore locations† (Statistics Related to Offshore Outsourcing). Jacob (2011) has pointed out that â€Å"There are millions of Americans that have not been able to find a full-time job even after searching hard for an entire year " (Jacob) At the same time, it should be noted that the current recession was not much serious when we compare it with the Great Depression in the decade preceding WW2. However, one of the surprising facts is that unemployment problems were not much severe during Great Depression as in the case of current recession. â€Å"The unemployment rate in the United States was last reported at 9.1 percent in September of 2011. From 1948 until 2010 the United States' Unemployment Rate averaged 5.70 percent† (United States Unemployment Rate). In short, both Great Depression and current recession affected the employment market differently. During Great Depression many graduates were able to land a job due to the scarcity of qualified workers, but in the current Great Recession, there is an abundance of college graduates and the demand for them has gone down immensely because of the availability of cheap labour in other parts of the world in this extremely globalized world. During Great D epression, the number of qualified people was less in number whereas the demand for qualified people was more. In other words or in terms of economics, supply of labour force was not adequate to meet the demands during the Great Depression period. It should be noted that industrial revolutions were taking place across the world during that period and therefore job openings in the manufacturing sector was huge. Population size was not so big during the Great Depression period compared to that in the current Great recession period. Moreover, people were not much interested in getting college education during Great Depression period, as they do now. In short, smaller population size and smaller literacy rates helped the qualified people to find suitable employment during the Great Depression period. However, the case is entirely different during the current Great Recession period. â€Å"The growing population in the country has led to the ratio or percentage of unemployed to increase. It has to be taken into notice or consideration that jobs do not increase with the increase in population† (About Reasons for Unemployment in The US). Even though population growth rates in America are comparatively low to the standards of some other countries, it is a fact that employment opportunities in America is not growing as fast as the population is growing.