Designing Compensation SystemsWhen designing a compensation system for an organi

Designing Compensation SystemsWhen designing a compensation system for an organization it is important to have a compensation philosophy which serves as a framework for making decisions about various components of the system.Tasks:One question to be addressed is how can your compensation program help the organization be successful (e.g. be able to attract and retain talented workers needed to be competitive in the marketplace)?Some options for consideration include:Write an 810-page report discussing what factors you think should be considered when creating a compensation system for an organization and why. Include the organization you work for (past or present) and describe the organizations current compensation system. What would you change?Make sure you write in a clear concise and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; display accurate spelling grammar and punctuation.