Compensation and Benefits | Assignment

[Type the company name]
Compensation
and Benefits
[Type the document subtitle]
SystemJP
[Pick the date]

Compensation and Benefits
Introduction
The objective of this paper is to critically discuss about the compensation and benefit
strategies at Alliston Instruments. Primarily, this report will find the current managerial
strategies, discuss about the major problems relevant to the compensation, and benefit system
of the organisation. This will also analyse the firm’s current compensation strategies and their
effect on the organisational success. At the end, this report will find some challenges and
recommendations for the organisation to changes its compensation strategies.
Managerial strategy
As in 2011 after the entry of two Asian firms in the Canadian market Alliston face dramatic
fall in its sales, to manage this challenge firm introduced a new Individual Performance pay
plan without any detailed and structured format. The structural variables in an organization
are management, depart mentation, effective communication and decision-making data,
control system, leadership and job design, and reward system. TO deal with the loss
organisation introduces new equipment that costs highly, employees were raising issues to
not to use these equipment, and this ne innovation also affected their compensation and
benefits as well.
Reason about the pay system issues
The system of pay changed the incentives to hourly production wages, as due to lack of
recorded format and recording all the extra work hours’ employees face challenges to make
effective coordination. This led the high employee turnover and retirement, and there were
lots of complaint for the side of the supervisors about the new pay system. The reason for
dissatisfaction was that it had put them under extra pressure. The lead many issues and
conflicts between employees and supervisors, their relations were bitter from past and this
lead a rise in that.