Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you to explain how certain laws and regulations affect total compensation in their organization. The client's organization employs 200 people, is a federal contractor, and operates in the biotech industry.
Write a 500 to 700-word paper providing examples of laws and regulations influencing total compensation.
Analyze similarities and differences in total compensation between this organization and other organizations in different markets.
Provide at least two examples that illustrate such similarities and differences.