3. Develop a Pay Structure: Select one of the options below. Determine what approach you believe would be the best relative to the business and jobs. Complete each step according to the instruction that follows: Job-Based Structure - Using a job-based approach, complete the tasks below for the managerial jobs. o Job analysis - assess the work of each job o Job description - write job descriptions o Job evaluation - evaluate their internal worth o Job ranking - rank them accordingly o Develop a job-based structure OR Person-Based Structure - Using a person-based approach, complete the tasks below for the technical jobs. o Skill/core competency analysis o Identify skill/competency sets o Develop certification method/behavioral descriptors o Develop person-based structure