Assignment 1: Compensation PracticeDue Week 4 and worth 250 pointsUse the Internet or the Strayer Library to research a publicly traded company for which you would like towork.Write 7 pages paper in which you:1. Briefly describe the company you researched, its compensation strategy, best practices they areapplying, and compensation-related challenges they are facing.2. Analyze how your company applies compensation practice to determine the positive or negativeimpact to the company and its stakeholders.3. Examine the ways in which laws, labor unions, and market factors impact the company’scompensation practices. Provide specific examples to support your response.4. Evaluate the effectiveness of traditional bases for pay at the company you researched.5. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify asacademic resources.Your assignment must follow these formatting requirements:? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides; citations and references must follow APA or school-specific format. Check with yourprofessor for any additional instructions.? Include a cover page containing the title of the assignment, the student’s name, the professor’sname, the course title, and the date. The cover page and the reference page are not included inthe required assignment page length.

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