Scenario: A manufacturing company that focuses on residential windows and baseboards. The company is in the mid-western United States and has 135 employees in a single facility. This company has four categories of employees which are: Manufacturing, Warehousing, Administration, and Marketing. Despite the success and growth this company has several issues. if the issues are not addressed, it will severely impact the long-term success of the company. One of the issues that need to be addressed is the Pay Equity Issue. The company has expressed varying levels of job dissatisfaction which has led to decreased productivity and increasing costs. After interviewing employees and checking the company's HRIS data the first problem that exists is the company's internal alignment between the different jobs and how their pay is structured. This pay structure needs to be developed in such a way that it fairly rewards the employees for their individual contributions. The organization and employees should benefit from the organization's pay structure.

I am asked as a new HR Manager to address the following question:

1- Develop and describe the Pay Policy

• Pay level policies: lead, match, lag the market
• Pay mix strategies: mix of base, incentive, benefits, stock

2-Next, define your pay policy and define what that is and the pros and cons of the policy you recommend. Include how youll apply the concept of Pay Mix (and ideally show it in pie charts) and explain/define what pay mix is.