Project task; For this group project, students need to form groups and there should be 5 members in each group. One group member (i.e. team leader) will email the instructor the list of the team members. Then, team members need to collaborate and contribute to write a formal report by following the below instructions. Once the report is ready, the team leader should submit it in the LMS using the submission link. Please note that only one submission per each team is required. The submission's due date is 19 May 2023, 11:59pm. Project description; Teams need to use good quality references to answer the provided questions. All the answers should be clearly explained using examples (preferably from Saudi companies). Each team needs to select one Saudi company and serve as compensation experts who have been hired by the company to develop a compensation plan by answering five below questions. It is advised to fairly divide the workIbuts between all members of thRMgOHup (pupensatipn tffember answers one of the questions). Remember, the expectartion is that all the provided questions should be answered. Project report questions; Your team should answer all the following questions using one example of a Saudi company. 1. Question 1 - Discuss some important considerations for your chosen Saudi company's human resource management practices. 2. Question 2 - Should the government raise the minimum wage in Saudi Arabia? Why? 3. Question 3 - Identify the contextual influence that you believe will pose the greatest challenge to your chosen Saudi company's competitiveness and identify the contextual influence that will pose the least challenge to your chosen Saudi company's competitiveness. Explain your rationale. 4. Question 4 - Explain the pros and cons of adjusting pay based on cost-of-living differences from your chosen Saudi company's perspective and an employee's perspective. 5. Question 5 - Some people argue that there is too much government intervention, while others say there is not enough. Based on the Saudi's government policies, do you think there is too little or too much government intervention in the compensation plan of your chosen company? Explain your answer. Your submission should follow the below structure: - Title page - Provide all the details for your team and project such as, name of the team members and their student Ids, name of the course and course code, submission date and word count. - Table of contents - List all the headings and sub-headings with their page numbers. - Introduction (200 words) - Introduce your chosen Saudi company and provide a brief overview on its products/services and operation. - HRM practices (300 words) - In 300 words, discuss some important considerations for your chosen Saudi company's human resource management practices - Minimum wage rise (300 words) - In 300 words, explain your arguments on the government's role in the minimum wage rise in Saudi Arabia. Make sure to justify your answer. - Contextual influences ( 300 words) - In 300 words, discuss the contextual influences that you believe will pose the greatest and least challenges to your chosen Saudi company's competitiveness. Make sure to explain your reasons. - Cost of living adjustment ( 300 words) In 300 words, explain the pros and cons of adjusting pay based on cost-of-living differenees from your chosen Saudi company's perspective and an employee's perspective. - Government intervention (300 words) - In 300 words, discuss whether there is too little or too much government intervention in the compensation plan of your chosen company. Make sure to explain your answer. - Reference list - List all the sources used to form your arguments. In-text citation should be also done within the report