Utilizing the library, text, and other credible resources, you will work the questions asked on page 695 and 696 of your text as it relates to \”Still Your Turn,\” Managing Compensation Costs, Headcount, and Participation/Communication Issues. Read through the scenario, then answer the questions that are asked in the two paragraphs:-What is the difference between these two sets of companies?-It is simply that one set of companies cares more about its employees than the other set of companies cares about its employees?-Or, is it also the case that Southwest, Nucor, and Lincoln Electric have set up their compensation strategies in a way that makes them more able (than Cisco, HP, American, and GM) to cut labor costs when times are tough?-(For more background, go to google.com or another search engine and conduct a separate search for each company using its name and the term \”layoff.\”)-What about protecting investments in employees and employee relations?-What can an employer do to make labor costs flexible so that profits do not take as much of a beating during difficult economic times and so that fewer employees need to be laid off?-If you were in charge of designing a compensation system for a company that is fairly new but is now reaching a stage and size where it needs a formal compensation system, how would you design the compensation system to have labor cost flexibility?-To what degree would you have others at the company participate in the design of the new compensation system?-Who would participate?-Would you follow the policy of pay openness in communicating your compensation System?Provide a rationale for your decisions. Please don\’t format your paper to list these questions one by one with an answer. Instead, work through all the questions in a nice research paper flow in terms of presenting the information.Use the APA format for this paper and you should not only utilize the text for cited source material but a minimum of 5-8 cited sources in addition. I have taken the liberty of inserting a link from Purdue Owl as a great resource of cited source material options when doing a research paper. I have also included the APA resource guide as well for your reference.Textbook:Compensation. (2014). Milkovich, Newman, & Gerhart (11th ed.). McGraw-Hill.ISBN: 9780078029493
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