Well-designed compensation plans have pay structures which outline the pay range for positions within the company based on several factors. Consider the pay structures of a particular compensation plan and how internal equity contributes to the design. In 1,000 words describe how internal equity may or may not contribute to the formulation of pay structures. Are there other factors that also contribute? Does your employer (past or current) have a compensation plan? How many positions are there within your pay structure?

Support your paper with course materials and at least three (3) additional sources. Use correct APA format throughout. Required word count does not include the reference page. A title page and abstract are not required. Consult the Writing Assignment Grading Rubric to ensure you are meeting the assignment’s criteria as this information and the rubric will be used to assess your work.