So$,$ you say you want to start a business $$ that's great. When creating your business plan, you will want to analyze the compensation and benefits benchmarks for your geographic location and industry segmentation. Numerous benchmarking companies can help you with your data needs, but you might consider starting with the Bureau of Labor Statistics $($BLS$).$ The BLS provides free access to timely compensation and benefits data collected from various industries, geographic areas, and job types.

For this assignment, you will explore the BLS compensation and benefits information. Select an industry type and geographic location you are interested in for your new business. Based on your selections, what information should you consider reflecting in your compensation and benefits portion of your business plan? Based on the knowledge you acquire from the BLS$,$ are there any compensation or benefits strategies you might include in the operational plan that you believe will create differentiation for your startup business? What are they, and what do$,$ and in which ways do you feel they will help you?