Part $2$: Case Study: Compensation StrategyThis case study is designed to simulate the development of a compensation strategy for ABC Company $($as detailed below$).$ Please choose one department $($ie$.$Marketing$)$ from ABC Company and then write example compensation strategy statements. Please ensure the five areas are included in your strategy $-$ objectives, internal alignment, external competitiveness, employee contributions, and management. $($Details covered in Chapters $1$&$2$ of textbook$)$Company Introduction:ABC Company is a start$-$up company supplying small parts to local manufacturers in the assembly of automobiles and consists of approximately $350$ employees of both unionize and non$-$unionize. The current operation works on one shift and there is ample room for expansion. An Organization Chart of the non$-$unionize employees can be found in Appendix $1.$ Their customers are automotive and smaller fabricators of recreational products. Their current customers are very aggressive with respect to the cost of their products and place significant pressure on the company to reduce the price of their products. As a result, profit margins are minimal. The company's mission statements are: