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Write a no more than 3-page paper, in which you design a total compensation plan for an organization focused on internal equity and a total compensation plan for an organization focused on external equity. Identify advantages and disadvantages of internal and external equity for the organizations.
Explain how each plan supports that organization's total compensation objectives and the relationship of the organization's financial situation to its plan. Draw conclusions based upon the writings of, Martocchio (2015) and/or Milkovich, Newman and Gerhart (2015), personal experience, and data collected from organizations.
Integrate and apply readings, on Stategic Compensation, Martocchio (2015) and/orCompensation 9h Edition, Milkovich, Newman and Gerhart (2015), throughout paper. Summarize and cite information using your own words. Direct quotations should be avoided. Research should be summarized and synthesized using original content; be certain to cite sources of knowledge. Response must be consistent with New APA guidelines complete with detailed intro and conclusion, subtitles for each section, in-text citations as well as reference page.
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