Assignment: Market Competitiveness
Compose a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. Your essay should address the following:
a. Evaluate 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 due to a lack of financial resources.
b. Propose at least three alternative approaches for organizations which have limited financial resources.
c. Identify at least three specific steps that could be taken to minimize the impact implementing these alternative approaches could have on the firm's success. Justify why these steps would be the most appropriate in this situation.
In addition to the text, cite at least two scholarly references to support your discussion.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.