apa format1-2 paragraphsreferencesTotal Rewards Knowledge 5: Base Pay StructuresPlease view the following video in its entirety:https://www.youtube.com/watch?v=CnBsWsY6O7k&t=2sNow, based on the video’s information and discussion, you get to decide 3 important factors (or take-aways) you want the executive team to know about pay structures. This is the executive team, not regular managers, so be sure your factors are well thought-out and high-level.Note: Your response to the discussion must be informative and thorough, be supported with research, and follow the requirements set by this course.