Suppose that you are required to develop an effective compensation system for your organization or another organization

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Question:

Suppose that you are required to develop an effective compensation system for your organization or another organization that you are familiar with. Briefly identify the organization and respond to the following:

(a) Explain the role of total compensation as part of the employment relationship for the organization you chose.

(b) Explain the purpose of indirect pay for the organization you have identified. Briefly explain the top four issues (key considerations) you would address when creating an effective indirect pay plan for this organization. What would you include in the indirect pay plan and why?