Free Essay

Alliston Instruments

In: Business and Management

Submitted By aaac
Words 493
Pages 2
ALLISTON INSTRUMENTS

The Alliston instruments compensation system and strategy design and implementation, had a major negative aspect that they did not focus on specific performance objectives. The incentive program which Alliston have set for their employees did not have any objectives for their production and performance tasks. The purpose of their incentive plan was to focus and align the organization by communicating and rewarding the achievement of company goals. In my view, Alliston Instruments should have implemented a compensation mix strategy. It would have allowed them substantial portion of compensation to be allocated to short-term incentives and long-term equity incentive, i.e., percentage of pay allocated between base pay and short-term incentive and long-term equity incentive pay. The base salary of the employees should have based on external market data, internal equity value, and performance of the company and in the end an individual performance. In terms of short term incentive Plans Company should have criteria in which the overall performance of an employee should be measured on different tasks and should set up minimum performance targets. This way employee would work hard and will not compromise with the quality of the products. In return, the short term incentive plans varies company to company, however the minimum incentive plans generally comprises 10-20% of the base of total direct compensation. Based on my study I recommend that Alliston should also introduce the annual incentive plans, the results of which should be measured in respective of total quality performance of the company. This strategy will help Alliston to be consistent in their quality production and eventually will help them to achieve their goals. This will also help the company to meet their minimum threshold financial performance. By achieving this, company can payout the short term incentive plans to their employees. In the terms of equity incentive, company can compensate their employees in the form of stock options. Generally supervisors and managers get compensate long term equity incentive for their target performance. When company hires a new supervisor or a manager, at the time of hiring the stock option should be granted to them vesting over minimum of three to five years period. In case of financial performance goals will exceed or the company stock prices increases, then the above element should deliver total direct compensation above the median of compensation ranges from production workers, supervisors and to managers of the Alliston instrument company. The above mentioned strategies will help Alliston to come back in the market strongly and with the implementation of long and short term incentive plans, employees will be motivated to achieve their goals by the means of team work and equal job objectives. On the other hand, Profit Sharing Plans tend to not pay off due to market competition and may be opposed by unions. An additional administrative cost will also likely affect some bonus pay outs and profit sharing due to increase of unnecessary manpower.

Similar Documents

Premium Essay

Alliston Instruments

...Alliston Instruments The new pay system at Alliston Instruments isn’t working because the production standards set in place for employees to earn bonuses based on individual output on some tasks are set too high and there is also no way to compare the per-hour production rate for each item or assembly operation from 2012 to the production rate of 2013 for employees to receive bonuses for each piece produced because detailed records were never kept. The new system also doesn’t favor supervisors because they make less money than some of the workers and it creates increasing conflict with employees, as they don’t care about the quality of the products the produce as long as the output meets minimum standards. The individual production bonus system could work if some changes are made to the system to make it better. One such way would be to keep detail records of the per-hour production rate for each item to be able to compare them to that of the following year so that the bonuses can be given out effectively. Another way would be to set a standard of quality that all employees can follow to make sure all items produced are done effectively and there is less waste of raw materials. The final way would be to give bonuses to the supervisors also for the amount of workers they supervise that surpasses the past years levels. I don’t believe that the individual performance pay is suitable for this company because it brings about conflict between the workers and the...

Words: 381 - Pages: 2

Free Essay

Marketing

...have heard of the DiVito’s Bakery and how many have shopped there and if so how recent do they stop in this store. What do you already know about these changes? I already know that we have to make changes to perform survey’s to find out more information about the different cultures and what types of bakery foods are the types that they eat the most. It is important to know this so that we can change and supply these products so that they will come to this bakery and become regular customers it might be a good idea to have coffee and tea to allow people to stop in and taste the many products to make decisions on if it is somewhere that they would frequent to buy the products that they use the most. Develop effective research instruments- Instrument is the generic term that researchers use for a measurement device such as a...

Words: 1080 - Pages: 5

Free Essay

Paper

...very catchy and reptile but still a lot of energy and rhythm in this piece. October was more of a steady laid back piece. Many solo players and i noticed it wasn't as loud as the previous two. Suite No 2.in F major was a four movement piece. first movement was a March i found this to be a delightful. second movement was a song without words called i"ll love my love this was more of a slow calm piece it was also higher pitched instrument soloists. the third movement titled Song of the Blacksmith sounded as if someone was working on a railroader clinging on something. the last movement titled Fantasia on the "Dargason" was the best one to me out of the four movements a lot of energy put into this piece toward the end thee was a highest to lowest range instrument type duet. Pagent was very smooth and sweet very peaceful almost like a lullaby. Symphonic Dance No.3 "Fiesta" was very strong and powerful the sound was very full makes you want to get up ad dance. Things i noticed that really caught my eye were the players were all very cordial all instruments were lifted and propped on time. the man in the front of the band controlled the other players. when the conductor puts up his stick everyone...

Words: 476 - Pages: 2

Free Essay

Moved by Music

...lifestyles, and personal connections that they create with their fans, yet both are very distinct! Both of the bands Motionless in White and Korn are a form of the genre, metal. The band Motionless in White is classified as metalcore, which is also known as screamo; the band Korn is classified as nu-metal, in reference to the term new-age-metal. The instruments involved in making this type of music include many of your basics; electric guitars, drums, etc. Though both bands have these instruments, Motionless in White’s main instrument is the singer’s voices. With the way they scream, most people would not understand them, but to their fans it is amazing that one person could sound like a type of machine had distorted the voice and made it the way it sounds, and to make it presentable to the audience so that it is understandable is an art of its own! Korn on the other hand has a very unique style in the way they set up their lyrics. With this band the music is important, and has more of a rock style feel to it than Motionless in White, but the lyrics seem to be their main focus in their music. They truly use the power of words as an instrument on its own. They have a way to communicate with their feelings. No matter the song you listen to by this band, you will be...

Words: 1106 - Pages: 5

Premium Essay

Act 1881

...Short essay on the negotiable instruments in business law The law relating to “negotiable instruments” is contained in the Negotiable Instruments Act, 1881. The Act extends to the whole of India. The Negotiable Instruments Act, 1881, has been amended for more than a dozen times so far. The latest in the series are: (i) the Banking, Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988 (effective from 1st April, 1989), and (ii) the Negotiable Instruments (Amendment and Miscellaneous Provisions) Act, 2002 (effective from 6th February, 2003). The provisions of all the Amendment Acts have been incorporated at relevant places in Part IV of this book. The Negotiable Instruments Act, 1881, as amended up-to-date, deals with three kinds of negotiable instruments, i.e., Promissory Notes, Bills of Exchange and Cheques. Definition: The word negotiable means ‘transferable by delivery,’ and the word instrument means ‘a written document by which a right is created in favour of some person.’ Thus, the term “negotiable instrument” literally means ‘a written document transferable by delivery.’ According to Section 13 of the Negotiable Instruments Act, “a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.” “A negotiable instrument may be made payable to two or more payees jointly, or it may be made payable in the alternative to one of two, or one or some of several payees”...

Words: 1111 - Pages: 5

Free Essay

Music

...What is music exactly? A way of sound to express feelings,emotions,ideas,thoughts and etc. We have different types of music.Between those types,we ought to like different ones.Even if it's classical,pop,rock,blues,jazz or rap and more.Some use music to soothe themselves,to relax,for fun,or to entertain.We sing,we dance or we play an instrument with it. As a musician I can say that it is my life,I let myself to enjoy what i sing especially,what I play.Some instruments are difficult to play or learn. You have to a lot a time master or give big time for it.People try to achieve but some give up because they don't want to sacrifice their time. But have you experienced studying real hard then got a perfect or if not a very high score?It is the same as trying hard to practice an instrument or your own voice,the feeling that you achieved a lot so far,the feeling that makes your heart flutter especially if you hate music and then start to like it and the people who was born to have an interest in music from the start. When you see or hear someone who had a higher level than you,you envy him or her but instead he or she should become an inspiration or target his or her level.If you become a great musician you have to aim another goal.Leaving a legacy.Without one all your efforts are'nt worth it.A student that is.To pass your knowledge and learnings in your trusted disciple. Music is life.It shares the emotion of the listener...

Words: 295 - Pages: 2

Free Essay

Job Applicatin and Interview

...coffee, have a barbecue, or any other activity that you all enjoy. Or sometimes when you don't do anything specific, you can say hang out with friends. Surf the internet - On the internet, you can research a topic you are interested in using a search engine, visit your favourite websites, watch music videos, create your own video and upload it for other people to see, maintain contact with your friends using a social networking site, write your thoughts in a blog, learn what is happening in the world by reading news websites, etc. Play video games - You can play games on your computer or on a game consoles, like PlayStation, X-Box, Wii, PSP, Gameboy, etc. You can play on your own or with your friends or family. Play a musical instrument - Learn to play the piano, guitar, violin, cello, flute, piano accordion, mouth organ, panpipes, clarinet, saxophone, trumpet, etc. You can play on your own or with a group, such as a band or an orchestra. Listen to music - Turn up the...

Words: 553 - Pages: 3

Premium Essay

Holder and Holder in Due Course

...sue on a negotiable instrument unless he is named therein as the payee or unless he becomes entitled to it as indorsee or becomes the bearer of an instrument payable to bearer. In the Full Bench case reported in Subba Narayana Vathiyar v. Ramaswami Aiyar,1 it has been held that in a suit on a negotiable instrument by the payee or indorsee, it is not open to the defendant to plead that the plaintiff is a mere benamidar not entitled to payment with a view to show that the note has been discharged by payment to real owner. Again in the Full Bench decision of the Patna High Court in Bacha Prasad v. Janaki,2 it has been held that a person who is not a holder of a negotiable instrument cannot maintain a suit for recovery of money due under it even though holder is admittedly the benamidar and is impleaded in the suit. In the said decision, it has also been held that "a beneficiary cannot be called a holder of the instrument and payment to him cannot discharge the maker thereof unless the case falls under section 82(c) of the Act". So also, it has been held in the decision reported in Subharaya v. Abiram,3 that a beneficiary does not become a holder of the instrument even upon getting a declaration that he is the beneficial owner and the payee is only a benamidar. In this connection it has to be noted that Allahabad and Rajasthan High Courts have taken a slightly different view and held that in certain cases a beneficiary may maintain a suit on a negotiable instrument "if holder is also...

Words: 16119 - Pages: 65

Free Essay

Res351

...Week 4 – DQ 1 Post a 200-300 word response to the following discussion question by clicking on Reply In business research we often will need to create measurement instruments for the variable(s) we want to understand.  Remember in Week 1 we start our research design process by trying to create a useful definition of a concept or variable we might study.  Once we have a workable “operational definition” of all our variables we are ready to create the measurement system we will use.   This week:   (1) Please discuss the advantages and disadvantages with the following: o   Rating and ranking scales o   Likert scales o   Unidimensional and multidimensional scales   (2) Consider the way you operationalized the variable “binge drinking” in Week 1.  Now, using one or more of the scales noted in (1) above, create two questions you might use in a study about binge drinking.  Make sure you include the answer scale you would want the participant to use as well.   Make sure if you quote or paraphrase a source that you use proper APA citation and referencing. Week 4 – DQ 1 Post a 200-300 word response to the following discussion question by clicking on Reply In business research we often will need to create measurement instruments for the variable(s) we want to understand.  Remember in Week 1 we start our research design process by trying to create a useful definition of a concept or variable we might study.  Once we have a workable “operational definition” of all our variables...

Words: 361 - Pages: 2

Premium Essay

Tchaikovsky Symphony No.4

...master’s degree in conducting in 2012 at the Thornton School of Music of The University of Southern California. 4. The orchestra Diamond Bar High School Symphony Orchestra includes 1 piccolo, 2 flutes, 2 oboes, 4 clarinets, 5 bassoons, 4 French horns, 4 trumpets, 4 trombones, 1 tuba, 2 harp, 4 percussion, and strings. II. The way the orchestra played All of the players sat on a chair when they performed. The string players produced the sound through their string instruments by dragging a bow against the strings. Sometimes, they made playful, as well as unique, sounds by plucking the strings. Accompanying with bowing or plucking the strings, they used their left fingers pressing upon specific places on the strings so that they were able to change the pitches. Using slightly different bowing and plucking skills, woodwind instrument players placed their fingers of both hand in order to open or close those holes, so they could alter the pitches. Then, woodwind instrument players blew through the instruments to produce sound. Brass...

Words: 2016 - Pages: 9

Free Essay

Music in Colonial America

...colonist themselves. 1 “Their music included ballads, dance tunes, folk songs and parodies, comic opera arias, drum signals, psalms, minuets and sonatas. Such music came mostly from England, Scotland, Ireland, Germany, Italy, France, and Africa, and it was played on whatever instruments were handy.” Many different styles and forms of music emerged in early America to express the full effect of colonial life. Colonial music included both oral and written processes; in which, people most commonly could recognize by ear but frequently came up with new words to the older tunes. The instruments we have today were brought to us by the Revolution age with some in their original form and prevalent. Men from all different classes, from slaves and indentured servants to Thomas Jefferson, played fiddles or violins. While prices varied from high to low violins were usually imported in great numbers. In addition to popular instruments such as the violin, the flute happens to be another prominent instrument that was driven by man. 1 Woman had limited musical options due to high levels of “maintaining reputation” for men. Wealthy woman mostly played harpsichords which they played for friends and family. Another first choice instrument for woman was a English guitar, a 10 string, tear-drop shaped, C chord which is now extinct. The Baroque guitar was also in style, which represents the small version of a classical guitar with gut strings, which also has 10 strings. The 6 strand guitar didn’t evolve...

Words: 778 - Pages: 4

Free Essay

Report on Percussion Instruments

...Percussion Instruments Instruments that are sounded by striking, shaking, plucking, or scraping. All instruments such as drums and bells fall into this category. The formal classifications of most Percussion instruments are either Idiophones which are instruments that vibrate when struck, shook, plucked, or scraped or Membranophones which are instruments that have a stretched membrane that vibrates when struck, shook, or rubbed. Informally, Percussion instruments may be further divided into those instruments that produce a definite pitch and those that do not. Some whistles (aerophones) are also included in this category of instruments because they tend to be considered sound effects rather than serious instruments. Percussion instruments may play not only rhythm, but also melody and harmony. Percussion is commonly referred to as the backbone or the heartbeat of a musical ensemble, often working in close collaboration with bass instruments, when present. In jazz and other popular music ensembles, the pianist, bassist, drummer and sometimes the guitarist are referred to as the rhythm section. Most classical pieces written for full orchestra since the time of Haydn and Mozart are orchestrated to place emphasis on the strings, woodwinds, and brass. However, often at least one pair of timpani is included, though they rarely play continuously. Rather, they serve to provide additional accents when needed. In the 18th and 19th centuries, other percussion instruments like the triangle...

Words: 723 - Pages: 3

Premium Essay

Market Analysis

...Market Competitive Analysis of Texas Instruments Incorporated Richard Horner, Jaclyn Lampton, Renae' Harrison, and Lizbeth Parra ECO/365 September 9, 2013 Prof. Hank Lewis Market Competitive Analysis Businesses across the world experience the pressures of constant evolving technological changes in their industry. The recent economic recession forced many businesses to close. The businesses that survived technological advances, and economic hardship researched the market to develop sustainable marketing strategies. One company managing to stay afloat is Texas Instruments. The organization managed to revolutionize its industry, and its market research enables it to develop competitive products that consumers buy. Consumers across the world prefer companies that offer high quality products and services in a responsible manner at an affordable price. Texas Instruments invests time and money researching consumer behavior to discover what consumers want, and compares this data with other companies to remain competitive. The organization focuses mostly on technological advances and research. The following discussion details an analysis of the current market conditions for the development of a new product by Texas Instruments. History Texas Instruments is best known for its calculators, most people use these calculators in school. The company, established in Dallas, Texas, has 80 years vested in its industry. The organization experienced technological advances including...

Words: 1632 - Pages: 7

Free Essay

Concert Report

...Concert Report #2 My second concert I attended was located at the Fowler Center Thursday, November 4, 2010. The Arkansas State University Wind Ensemble played several works, which gave to the title “Folksongs and War Songs”. Timothy Oliver was the main conductor and there was a guest conductor also, Dan Patterson. A classmate and I arrived to the Fowler Center on time and got settled, but neither one of knew what to expect really since we didn’t have a very sturdy musical background. Everyone on stage were playing their instruments all the same time and didn’t sound very graceful, but we came to the conclusion all the performers were practicing before show time. The lights began to dim and show began. The first piece was Divertimento for Band by Vincent Persichetti. It was composed of several different movements including the prologue, song, dance, burlesque, soliloquy, and finally march. The song and dance movements I recognized from class and put two and two together and learned that the soliloquy began the soloist concert. I enjoyed the performance, but was probably not my favorite. Heroes, Lost and Fallen by David R. Gillingham was the second piece and the one I enjoyed the most. I took pleasure in this piece because before the performance started, Mr. Patterson explained a little bit how this concert was derived. Heroes, Lost and Fallen was dedicated as a Vietnam Memorial. This piece was very different and had many different sounds. He told the audience...

Words: 765 - Pages: 4

Premium Essay

Negotiable Instrument

...Assignment on Negotiable Instrument Course Title: Legal Environment of International Business Prepared by: Farha Fatema Date of Submission: 28/04/2011 Executive Summary Negotiable instruments are written orders or unconditional promises to pay a fixed sum of money on demand or at a certain time. Promissory notes, bills of exchange, checks, drafts, and certificates of deposit are all examples of negotiable instruments. Negotiable instruments may be transferred from one person to another, who is known as a holder in due course. Upon transfer, also called negotiation of the instrument, the holder in due course obtains full legal title to the instrument. Negotiable instruments may be transferred by delivery or by endorsement and delivery. One type of negotiable instrument, called a promissory note, involves only two parties, the maker of the note and the payee, or the party to whom the note is payable. With a promissory note, the maker promises to pay a certain amount to the payee. Another type of negotiable instrument, called a bill of exchange, involves three parties. The party who drafts the bill of exchange is known as the drawer. The party who is called on to make payment is known as the drawee, and the party to whom payment is to be made is known as the payee. A check is an example of a bill of exchange, where the individual or business writing the check is the drawer, the bank is the drawee, and the person or business...

Words: 2594 - Pages: 11