Answer the following questions related to Fit Stop Ltd Case Study.

1.Using the five-step compensation strategy formulation process (Figure 6.1), formulate a compensation strategy, and summarize it using a strategic template similar to that shown in Figure 6.2. Provide your rationale for each element of the strategy.

2. You have decided that The Fit Stop would be well suited to a performance pay plan. Select the pay plan that would work best; then design it, describing specifically how you would deal with the various design issues. When you are done, the plan should be ready for implementation.

3. Identify the benefits system - including TWO (2) specific benefits - that would make the most sense for this firm. Provide your rationale for each benefit Fit Stop will provide.