I. Case Study: Changing the Pay Level at Eight Crossings (Textbook p. 530-531).1. Prepare a Case Summary: In a narrative format, discuss the key facts and critical issues presented in the case. 2. Case Analysis:o How did the change in pay level at Eight Crossings affect its ability to attract and retain a high-quality workforce?o Do you think the company's pay structure was better suited to its objectives before or after the reduction in pay level? Why?3. Executive Decisions:o How would you evaluate the company's method of communicating the change in pay level? What improvements to that process can you suggest?