Compose a 3-5 page paper that assesses the concept of market competitiveness in relation to an organization’s pay system, particularly when it is unable to offer its employees market competitive salaries because of a lack of financial resources. Propose alternative approaches for organizations which have limited financial resources and outline at least three specific steps that could be taken to minimize the impact this could have on the firm’s success.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.