Nutriments New Hires, Management homework help

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Business Finance

Description

Review the article “Nutriment’s New Hires”. Next, assume you are Jack Stewart the HR management consultant in charge of hiring approximately 15 new employees for Nutriment Biotech and you are preparing to meet with the owners to discuss pay structures. In your essay, address the following:

  • Considering the three common pay structures mentioned, which are you most likely to recommend?
  • Discuss your recommendations to satisfy both the employers (Emily and Harold) and the 10 prospective scientists.
  • Provide reasoning for not selecting the other two common pay structures
Justify your response(s) using scholarly research to support your statements.

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Explanation & Answer

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Running head: NUTRIMENT’S NEW HIRES

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Nutriment’s New Hires
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NUTRIMENT’S NEW HIRES

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Nutriment's New Hires

The recommended pay structure
Remuneration is always at the centre of employee motivation. It is incredibly important
for the organization to come up with a payment structure that is economically sustainable,
reasonable and as well keeps the employees highly motivated. With that in mind, the group
needs to strike a careful balance so that it adopts a structure that will help it maintain its lead
position in the market. Besides, of all the pay structures that the Human Resources consultant has
proposed some approaches to handling the issue have to be well addressed. Of all the structures
that he has suggested, I would recommend that they sit down with the owners and come up wit...


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