Aliases in OS X are identified to the system by an attribute referred to as the alias bit. This hint provides a very simple way to be able to toggle the alias bit of selected files within the Finder.
There may be some need to be able to toggle the alias bit of files from within the Finder. For example, I found that using Bittorrent Sync to keep files synchronized across multiple devices is very useful and a real time saver, but suffers from a bug in the OS X version, that causes aliases to lose their status as aliases. I traced the problem to the alias bit not syncing and though the developers continue to promise to fix it, I got tired of waiting.
So I put together an Automator action that installs as a service in OS X. It adds a Service to the contextual menu that will toggle the alias bit on any file or folder in the Finder. It works on multiple files at once. Just select what you want, right click, and choose ‘Toggle Alias Bit.’ I made it a toggler rather than …
Source: Mac OSX Hints