What is an example of a compensation program for an organization? What components and allowances will it have? Of the six most common type of allowances, explain why you selected the one(s) that you did

What is an example of a compensation program for an organization? What components and allowances will it have? Of the six most common type of allowances, explain why you selected the one(s) that you did.
-Address the three main compensation approaches the organization will use and why you chose that approach over the others.
-Identify the mechanisms the organization will use to ensure the compensation structure remains current and competitive.
-Would there be any legal and taxation issues to consider?