1. Individual Assignment:Career Development Plan IV Compensation.Now that you have created an appraisal system for employees on your new team and a career development plan for each member it is time to develop a compensation plan. Because InterClean is embarking on a new strategic direction upper management has asked you to suggest a new compensation plan specifically for your team. Propose your ideas and rationale to the Human Resource Department Manager for approval.Write a 700- to 1050-word proposalo Describing a new compensation plan for your new employment teamo Explaining why your pay system will worko Describing three components of a total rewards package that would motivate employees to reach peak performanceo Describing your compensation plans benefits to the individual as well to the companyNote: APA format is not required for this proposal. Use a title page and reference page where appropriate.1. Submitas a Microsoft Word attachment.