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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

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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?