Assignment 5: Employee Compensation and Benefits Due Week 10 andworth 250 points This assignment consists of two (2) sections: anarrative and a PowerPoint presentation. You must submit two (2)sections for the completion of this assignment. Label each filename according to the section of the assignment it is written for.Imagine that you have just been hired by a new company as thedirector of the HR department. You have been tasked to hire a newsecretary for the department and to develop an employeecompensation and benefits package that will be used for thatposition upon hire. Develop a PowerPoint presentation to presentthis information to your Vice President. Go to the Bureau of LaborStatistics (BLS) Website located at www.bls.gov for informationregarding organizations and pay in your geographical area. Section1: Narrative Write a two to three (2-3) page paper in which you: 1.Choose the type of organization for which you are designing thepackage. 2. Develop an employee compensation and benefits packagefor this new position. Support your ideas for thecompensation/benefits package. 3. Use at least three (3) qualityacademic resources in this assignment. Note: Wikipedia and otherWebsites do not qualify as academic resources. Section 1 of yourassignment must follow these formatting requirements: Be typeddouble spaced using Times New Roman font (size 12) with one-inchmargins on all sides; citations and references must follow APA orschool-specific format. Check with your professor for anyadditional instructions. Include a cover page containing thetitle of the assignment the students name the professors namethe course title and the date. The cover page and the referencepage are not included in the required assignment page length.Section 2: Presentation Create a twenty (20) slide PowerPointpresentation in which you: 4. Provide an overview of the employeecompensation and benefits package that you developed in thenarrative portion of this assignment. 5. Determine if the employeewill be exempt or nonexempt and discuss how overtime will behandled. 6. Suggest other benefits that might be considered withinthe next few months to enhance employee performance and provide jobmotivation. 7. Provide information on how government regulationswill influence the compensation. 8. Examine data from two (2)organizations listed in the BLS Website with packages similar toyours focusing on salary compensation and benefits in order toconvince upper management that your package should be accepted andimplemented. 9. Describe how the competitive compensation andbenefits package will align with the HRM strategy. The specificcourse learning outcomes associated with this assignment are: Design training and development systems to improve employeeperformance. Develop competitive compensation and benefitspackages that align with HRM strategy. HRM 530 Assignments andRubrics 2014 Strayer University. All Rights Reserved. Thisdocument contains Strayer University Confidential and Proprietaryinformation and may not be copied further distributed orotherwise disclosed in whole or in part without the expressedwritten permission of Strayer University. HRM 530 Student Version1142 (1210 01-06-2014) Final Page 15 of 18 Use technology andinformation resources to research issues in strategic humanresource development. Write clearly and concisely about strategichuman resource development using proper writing mechanics.