What is the role and benefit to an organization of a compensation plan? Provide a minimum of 3 factors to consider in identifying the needs of a compensation package. What type of pay system do you recommend and why? Review the pay theories in Chapter 6 of your course textbook, and identify the 1 that bests support your pay system recommendation. In addition to your pay recommendation, provide 2 additional policy recommendations. Include in your recommendation the legal implications that you have considered in making your recommendations. Prepare a presentation that will be shared with the senior leadership team. The presentation should focus on practices that the organization can implement (a minimum of 15 slides with notes)