Assignment 1: Compensation PracticeDue Week 4 and worth 250 pointsUse the Internet to research a publicly traded company for which you would like to work.Write a six to eight (6-8) page paper in which you:Your assignment must follow these formatting requirements:The specific course learning outcomes associated with this assignment are:Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.Examine the ways in which laws, labor unions, and market factors impact the companys compensation practices. Provide specific examples to support your response.Evaluate the effectiveness of traditional bases for pay at the company you researched.Use at least three (3) quality references. Note: Wikipedia and other websites do not qualify as academic resources.This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow SWS or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.