Subject: Total Compensation (HR) – Q4 Component of Compensation StrategyAnswer the following questions, using 350-400 words to answer each question Briefly describe the three main categories of performance pay, and provide examples for each category.Three firms are briefly described below. For each firm, identify the role (if any) that you believe indirect pay should play in the compensation system, and give examples of specific benefits to offer. Explain your choices by linking your choices to the business strategy.a. A company offers lawn maintenance and yard cleanup services in the summer and snow removal services in the winter. It employs about 600 people at peak season (in the summer) and has branches in major cities across the prairies.b. A retail clothing chain offers personalized service and caters to upscale customers is located in major cities across Canada and employs approximately 600 sales staff.c. A computer software startup firm develops customized software for specialized applications for individual clients. Located near Ottawa, it employs about 20 people.
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