Please read the following three articles:

Small Business Compensation Plans, http://www.payscale.com/compensation-today/2010/06/small-business-compensation-plan (Links to an external site.)Links to an external site.

Discussion: Why Small Businesses Must Compete on Compensation in 2015, http://hiring.monster.com/hr/hr-best-practices/small-business/hiring-process/small-business-compensation.aspx (Links to an external site.)Links to an external site.

Do Small Companies Need to Develop a Pay Plan, http://smallbusiness.chron.com/small-companies-need-develop-pay-plan-11748.html (Links to an external site.)Links to an external site.

Question, HR Pay Plans:

Do small companies need to develop a pay plan. Why or why not? Post must be two to three substantive paragraphs 150+ words total and include at least one APA-formatted citation/reference.