This week students will read Chapter 12 in the text and review the PowerPoint. This chapter takes a look at some companies that have recently increased their pay levels and/or benefits. Although controlling compensation costs is important, it is especially important for some of these companies (e.g., Walmart) to be able to compete on price in their product markets. They need to pay more to compete in labor markets that have become competitive in recently hears as the economy has recovered and grown and the unemployment rate has dropped. In two 250 word paragraphs, respond to the following questions - total of 500 words minimum: 1. What types of changes have the companies discussed in this chapter made to their pay levels and pay structures to support execution of their business strategies? 2. Would other companies seeking to better align their pay structures with their business strategies benefit from imitating the changes made at these companies