I need someone to write a 700-word paragraph on Walmart compensation program. Topic: Step 1: Assess Total Compensation Implications: Discuss the various factors that need to be considered when develo

I need someone to write a 700-word paragraph on Walmart compensation program. 

Topic:

Step 1: Assess Total Compensation Implications: Discuss the various factors that need to be considered when developing a compensation plan, including the business strategy, HR strategy, culture/values, social and political context, employee preferences, and union preferences. Explain how these factors can influence compensation decisions.