Briefly describe the five steps to constructing a pay struct…

Briefly describe the five steps to constructing a pay structure. You do not need to provide detailed examples of each step, but you do need to identify the step and in a sentence or two describe what that step entails.  Note: I reversed steps 2 and 3 from the textbooks version. For maximum credit you should identify the steps in the order I presented them. 

Judy is the compensation analyst for a mid-size engineering…

Judy is the compensation analyst for a mid-size engineering firm that specializes in designing, building, and repairing road crossings for railroads. Her boss has indicated that it has been hard to find talented individuals to fill positions and keep up with demand. What type of pay policy should Judy implement to help resolve the situation?