Sky Diving Inc. is a new firm located in Toronto that focuses on training people to skydive in a simulated environment. It has hired 30 professionals to help with the training. The firm has funds to support its plans to become the world's leading skydiving firm, so it wants to focus on high quality. You have been asked to formulate and implement a compensation system for the firm.
2a. Using the 5-stage compensation strategy formulation process, discuss your recommended plan of action.
2b. Describe THREE legislated constraints on the compensation strategy of this firm. [12 marks]
