PLEASE HELP. LIMITED TIME. NEED IN DEPTH RESPONSE - THANK YOU!!!!!!!!!!!!!

Consider the following three key decisions that organizations must address when developing a compensation plan:

1. Pay level (whether to be a pay leader, a pay follower, or competitive, with

respect to competitors)

2. Pay structure (how to determine the relative pay of different jobs within the

organization)

3. Individual pay (what factors should determine differences in pay across

individuals who hold the same job within the organization)

List and explain 2 factors that are likely to affect 2 of these decisions (i.e., 4 factors total). These factors could be internal to the organization (e.g., the CEOs values, the relative abundance of resources) or external to the organization (e.g., labor market conditions). Use a specific organizational example to illustrate how these factors could affect the decisions.