I need 3 paragraphs for each discussion which is a total of 6 paragraphs. Please keep both separate, address each question and add the references at the bottom of each discussion. Please make sure you check grammar and punctuation errors, as well as quoting and using in text citations. PLEASE make sure you cite the information, do NOT plagiarize and ADD all references. No Cover Page Needed PLEASE INBOX ME IF YOU HAVE QUESTION or need reading material on the assignment!

Part 1 Compensation Strategy

Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy. 

Part 2 Compensation Practices

Discuss the various factors that influence a companys competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices.