[Solved] Three Main Compensation Approaches

Write about your company (Bright Apeal Limited) and address the following requirements.

1. Create a compensation program for the organization describing its components and allowances. Of the six most common types of allowances, explain why you selected the one(s) that you did.
2. Specifically address which of the three main compensation approaches the organization will use and why you chose that approach over the others.
3. Identify the mechanism(s) the organization will use to ensure the compensation structure remains current and competitive.
4. Identify any legal and taxation issues to consider.

2 pages