To assess your ability to Design a compensation system

PurposeTo assess your ability to Design a compensation system that is based on fair pay for performance and uses an effective performance evaluation system.OverviewMost companies are moving to better align pay with performance and create organizational cultures that emphasize performance rather than tenure. From research, we have learned that companies must invest time, money, and effort in the design and implementation of their pay for performance compensation systems in order to succeed. A credible and fair pay for performance system will require an effective performance evaluation system and supervisors who are able and willing to use it properly.Action Items1. Review the Academic Paper Guidelines.2. Research organizational cultures that emphasize performance rather than tenure, performance compensation systems, and performance evaluation systems.3. Write an 8- to 10-page academic paper that synthesizes your research and includes the items listed. Use headers in your paper. Include at least five references.a. The problem or issue you plan to address.b. Literature review of the following topics:i. Organizational cultures that emphasize performance rather than tenureii. Pay for performance compensation plansiii. Performance evaluation systemsc. The performance evaluation system you are recommending.d. A compensation plan that addresses all the issues presented in the overview.e. An analysis on why your plan is a credible and fair pay for performance system that requires an effective performance evaluation system and supervisors who are able and willing to use it properly.the reference book is strategic compensation for human resource by Joseph J. Martocchio.