Your boss has come to you for advice on redesigning the comp…

Your boss has come to you for advice on redesigning the company’s compensation and benefits system. First, please provide your boss with a brief description of the main elements of a compensation and benefits system. Next, suggest one pay basis and one benefit option and explain what impact the combination is most likely to have on employees in terms of motivation, satisfaction, and other outcomes likely to be affected by the combination you’ve selected.