Prepare a paper that presents the 5-step process for constructing a pay structure. The paper should present the steps in chronological order and explain the main objective of each step, as well as describe the key considerations of each. Use at least two recent articles (not older than 5 years) to inform your work in addition to the Martochhio textbook.
Compensation specialists develop pay structures based on five steps:
Deciding on the number of pay structures
Determining a market pay line
Defining pay grades
Calculating pay ranges for each pay grade
Evaluating the results
The analysis should be presented in an APA format.