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Compensation Project 1

The document presents a study on creating an organizational strategy for Slime-E Oil Guys Ltd, an oil and gas company in Canada. It describes the background of the company and issues with lack of structure and understanding of employment laws. Key decisions are identified to establish a formal program, including redefining wages, fair compensation, rewards systems, benefits, social responsibility, and data-driven decision making.

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43 views9 pages

Compensation Project 1

The document presents a study on creating an organizational strategy for Slime-E Oil Guys Ltd, an oil and gas company in Canada. It describes the background of the company and issues with lack of structure and understanding of employment laws. Key decisions are identified to establish a formal program, including redefining wages, fair compensation, rewards systems, benefits, social responsibility, and data-driven decision making.

Uploaded by

Digital Era
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Slime-E oil Guys Ltd

A
Project Report on
Slime-E oil Guys Ltd
HRM 4004: Compensation Group Project Spring 2020

Submitted By: Harmanveer Singh Gill (C0776413)


Harmanjit Kaur (C0773078)

Date: July 8, 2020

Lambton College
PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 2

Table of Content

S.no Content Page no.

1 Abstract 3

2 Introduction 4

3 Background of the Company 4-5

4 Vision & Mission 6

5 The Key Total Rewards & Compensation Strategies 7-8


PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 3
Abstract

Abstract:
This study aims to understand the links between organizational management and employee and
organizational structure and competences. The case study methodology was chosen to present
an empirical investigation. The research was conducted in a fuel and oil provider organization
whose name is Slime-E Oil Guys Ltd. The results show the structure determinants, among
which are: lack of understanding about legal law, management development, and cost structure.
Furthermore, a scenario of low competences was found in the individual, team, and
organizational dimensions.

Keywords:  Project management competencies, organizational structures, project management


implementation, project typology
PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 4
[Introduction]

A short introduction about Slime-E Oil Guys Ltd is that the company is one of the leading oil and
gas company which provide fuel, oil, energy & light, and other products in the international
market. This company was suffering due to no formal program structure of the organization. The
management also has less understanding of Canadian law because they are new at this place.
So this study is focused on eliminating all the problems and making a decision that keeps the
organization running professionally.

Background

Slime-E Oil Guys Ltd. owns or operates petroleum products, natural gas and oil, and other
products. Recently Slime-E Oil Guys Ltd. opened the Canadian operation in Sarnia, Ontario.
They started working with 233 employees and all are non-union operators. With all of their
efforts like by rotating employees shifts in 12-12 hours they vale to earn a revenue of $170
million. At this time their main focus is to manufacture and supply petrochemical products.

At the starting period of their organization, the management gave a lot of attention to attract and
select the best people and create links in the local market to find the best employees who can
perform with their experts by offering those rewards and packages. They provided them more
attention in placing a foundation that connects the local market with the organization at the time
of the establishment of the organization.
PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 5

The Slime-E Oil Guys Ltd. company knows that the employees of other Canadian subsidiaries
of oil have a low rate of satisfaction with their job, this is the reason by which the Slime-E Oil
Guys Ltd. was concerned about the possibilities of unionization. But the turnover rates were
suddenly increased by them for the new candidate which they hired later on.

Their management team is new to Sarnia, most of them are on international projects. So they
have very little knowledge and understanding about the legal law and practices of Canadian
employment.

This study is majorly focusing on setting up the structure of the organization. This organization
was unable to make proper structure and management. The hiring and employee selection was
done without any process. So the less skilled employees and employees with less knowledge
gained high rewards equal to the rewards given to the workers with top performance.
PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 6

Vision, Mission & Value

Vision
1. They want to lead as an example.
2. They work together.
3. They give chance to everyone to communicate equally.
4. They are committing to giving maximum support.

Mission
1. They will give an equal chance to employers for selecting a job which they like.

2. Understanding each employee and unite them with the mission.

3. They committed to give world-class services as a gift to the employees.

4. To provide outside insight and information.

Value

1. Honest and professional.

2. Family, friendship, and enjoying life.

3. Hard worker and dedicator.


PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 7
The Key Decisions to build structured program

The programing structure of an organization is very important so that everyone is clear about

the goals of organization and also for maintaining company standards. After analyzing different

databases some key decisions are pointed out to maintain structure and professional

organization.

1. Redefining Minimum Wages

It is important to redefine the minimum wages closer to the amount of fair amount and provide

an employee with respect.

2. Fair wages to contract workers

As the permanent employee and a contract-based employee does the same type of work. So,

wages should be paid depending on performance and not according to the position or status.

3. Highlighting the strategy

The decision is taken that the strategy of compensation should fit the culture of the company

and the internal environment in terms of fairness.

4. Rewards & Recognition

A very well-defined reward and recognition systems are created which allow the employer to

differentiate between good or bad performance and give the reward to the good performer

directly.
PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 8

5. Mandatory Benefits

During these days there are several options for providing mandatory benefits to the employees.

So the company owner should legally bind to for the benefits for organization and employees.

6. Responsibilities towards the Society

The organization tends to be connected deeply with the employee communities and encourages

them to participate in worthy cause make the world a better place.

7. Decision-Based on Data

The decision will be taken after analyzing the data. The organization will not ignore when any

employee claim from the upper level worker.

8. Trade Union

Making better as much as a possible partnership with the trade union.


PROJECT TITLE: A Brief Study To Create organization Strategic program of Slime-E oil
Guys Ltd 9
References

https://d2l.lambtoncollege.ca/d2l/le/content/100958/viewContent/970164/View

https://www.ontario.ca/document/your-guide-employment-standards-act/payment-wages

https://hbr.org/1981/07/step-by-step-through-a-union-campaign

https://hireiehps.com/lessons/2-overview-of-employment-law-in-ontario/

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