[Solved] Explain what constitutes person-focused pay and the advan…

1. Explain what constitutes person-focused pay and the advantages and disadvantages for employees of these types of programs. How do these programs vary from merit based programs? 2.Identify and explain the five key factors employers should consider when designing an incentive pay plan. Why are they an important consideration of the process? Do you need all five to be successful? 3. Why is strategic compensation important for the long-term success of a company? Provide detailed steps that company should take to create a long-term strategic compensation plan. 4.Why is it important to design internally consistent compensation systems? Explain how the job analysis process is used to create a compensation system.​

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