Market Competitiveness

Compose a three page paper (not including the title and  reference pages). Your paper should be written in a scholarly  third-person tone; it should be in APA format. Your essay should address  the following:

1. Evaluate the concept of market competitiveness in relation to an  organization’s pay system, particularly when it is unable to offer its  employees market competitive salaries due to a lack of financial  resources. 
2. Propose at least three alternative approaches for organizations which have limited financial resources. 
3. Identify at least three specific steps that could be taken to  minimize the impact implementing these alternative approaches could have  on the firm’s success. Justify why these steps would be the most  appropriate in this situation.

In addition to the text, cite at least two scholarly references to support your discussion.