As the Compensation Manager of the hiring firm, (in paragraph/letter format written to the new engineers) that

Fantastic news! We've Found the answer you've been seeking!

Question:

As the Compensation Manager of the hiring firm, (in paragraph/letter format written to the new engineers) that will explain the compensation structure of the firm to the newly hired Mechanical Engineers. Understand that your audience has no knowledge of compensation terms or compensation theory. letter/presentation accordingly. In your letter include - - An explanation of a merit pay system. - The definition and explanation of pay grades - be sure that your explanations will be understood by your audience. - The definition and explanation of pay ranges - be sure that your explanations will be understood by your audience. - Include and explain the pay range minimum, mid-point and maximum for the Engineer 1 position. - Explain how employees in the Engineer I pay grade may progress into the higher pay grades for engineers. You may make assumptions about how progressions are made - performance, time, job assignment, additional skills, etc