Person Focused PayChapter 5 discusses person-focused pay.The

Person Focused PayChapter 5 discusses person-focused pay.The text explains that these types of compensation plans are favored by organizations that seek to become learning organizations.The assignment for this discussion –The XYZ Automobile Plant assembles high end passenger vehicles in the Southeastern United States.XYZ Company is considering implementing a type of person focused pay plan for the associates who work in the assembly department of the facility.Which of the three plans – a skill based compensation, a pay-for-knowledge compensation plan, or a competency based compensation plan, would be the most appropriate for these workers?Why?What type of plan would not be appropriate?Why?If XYZ considered implementing a person focused pay plan for the degreed engineers who work in the design department, which one of the three types of plans listed above would be the most appropriate for these employees?Why?What type of plan would not be appropriate for this group?Why?Also, XYZ is attempting to hire a Human Resources Manager.The decision has been made to use a competency based compensation plan for this position.What workplace competencies would you list as being the most critical for an applicant for this position?Why? ExplainWhat other competencies (whether workplace or other categories) might not be important for this position?Why? ExplainResearch and list at least three outside sources.Your submission should be between 300 and 400 words.See the course syllabus for grading criteria.Be sure to write in a formal and professional manner. Write in paragraph form. Do not write in an outline or bullet point format.Pay particular attention to sentence structure, spelling, grammar, word choice, etc.