For this assignment, compose an essay of at least two pages in which you discuss the following issues involving person focusedpay plans:Detail various types of person-focused pay plans.Describe reasons why companies adopt person-focused pay plans, and identify types of positions that lend themselvesto these plans.Describe advantages and disadvantages of person-focused pay plans. Give job-specific examples in your advantagesand disadvantages.You should utilize at least two sources, one of which may be your textbook. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.