JFiler_BusinessEthics_072714.docJFiler_BusinessLetter_072014.docJFiler_StrategicPlanning_080114.docIf an organization decides to hire employees, the decision must be made about the compensation method. In addition, you must be able to determine how to price a good or service to be competitive. Assume that you decide to hire employees for your project. Prepare a brief essay that addresses the following:How do you determine the proper pay scale for the employees? How do you determine pricing for your company to be competitive and yet profitable?