Problem:
Assume the role of an HR consultant. Unsure of their legal obligations in designing a total compensation plan, the client has enlisted your help in explaining how laws and regulations effect total compensation in their organization. The client organization employs 200 people, is a federal contractor, and operates in the bio-tech industry.
Analyze the similarities and differences in total compensation between this company and other companies in different markets. Provide at least two examples that illustrate the similarities and differences of compensation in the different markets.
Response in around 700 words.