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1) After leaving the University of the West Indies, St Augustine Campus in August 2023, you land a job in a privately owned company,

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1) After leaving the University of the West Indies, St Augustine Campus in August 2023, you land a job in a privately owned company, which has had relative success in their market. However, their compensation structures lack order. The General Manager notices that on your transcript you got an "A" in Compensation Management, and he asks you to share a framework or model to assist in the development of the company's compensation strategy. What model would you recommend and why? Outline in detail the key elements or building blocks of the model. (10 Marks)

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