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Compensation and BenefitsOverviewWrite a 3–5-page compensation and benefits package for a new expatriate position working for either Java Corp. or an organization you are familiar with.Structuring and communicating a total compensation package that meets regulatory requirements and the needs of a global workforce requires a delicate balancing act between what is required and what will contribute to an effective relationship between employer, employee, and the community or country in which the company operates. Communicating benefits programs to employees can be as important as the benefits themselves. Knowing how to leverage all available compensation options is a necessary skill for any HR professional.By successfully completing this assessment, you will demonstrate yourproficiency in the following course competencies and assessment criteria:oCompetency 1: Apply human resource strategies to business needs.Analyze the appropriateness of offering additional benefits.oCompetency 2: Analyze core functions of human resource management.Describe key factors and decisions to make regarding base pay.Analyze other legally required benefits for an employee.oCompetency 3: Analyze the strategic value of human resource management within a competitive global business environment.Analyze additional pay considerations for expatriate positions.