In the article "Capitalizing on Capabilities" the authors explain "Some firms claim a pay-for-performance philosophy but give annual compensation increases that range from 3.5\% to 4.5%. These companies aren't paying for performance. We would suggest that with an average increase of 4%, an ideal range for acknowledging both low and high performance would be 0% to 12%." You have been engaged as a consultant by a Fortune 500 company to provide a recommendation on their approach to compensation. Write a short memo to the CFO and VP of Human Resources advocating one of the following: - The company should adopt a pay-for-performance philosophy with pay increases between 3.5% and 4.5% - The company should adopt a pay-for-performance philosophy with pay increases between 0\% and 12% - The company should NOT adopt a pay-for-performance philosophy. Instead, they should give pay increases between 3.5% and 4.5% awarded based on cost-of-living, pay equity, job class, tenure, etc. I am looking for you to have a point of view and provide compelling aruguements for your position. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). In the article "Capitalizing on Capabilities" the authors explain "Some firms claim a pay-for-performance philosophy but give annual compensation increases that range from 3.5\% to 4.5%. These companies aren't paying for performance. We would suggest that with an average increase of 4%, an ideal range for acknowledging both low and high performance would be 0% to 12%." You have been engaged as a consultant by a Fortune 500 company to provide a recommendation on their approach to compensation. Write a short memo to the CFO and VP of Human Resources advocating one of the following: - The company should adopt a pay-for-performance philosophy with pay increases between 3.5% and 4.5% - The company should adopt a pay-for-performance philosophy with pay increases between 0\% and 12% - The company should NOT adopt a pay-for-performance philosophy. Instead, they should give pay increases between 3.5% and 4.5% awarded based on cost-of-living, pay equity, job class, tenure, etc. I am looking for you to have a point of view and provide compelling aruguements for your position. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)