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Pay Structures for New Hires: Nutriment Case

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Review the article "Nutriment's New Hires". 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.
Discuss your recommendations to satisfy both the employers (Emily and Harold) and the 10 prospective scientists.

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Solution Summary

Pay structure for new scientists is discussed in a structured manner in this response. The related reference is also provided.

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Jack Stewart when he meets Emily and Harold will recommend a lead the market salary for the 10 prospective scientists. Hiring is a major challenge for biotech companies. Jack Steward needs scientists in agricultural biotechnology and genetic engineering. Usually, every company where these scientists work is very specialized in what they do. The people with the right qualifications that Steward requires will already be employed. Every expert scientist will have opportunities for what they do. The steward cannot use the strategy of finding unemployed people to fill the 10 positions. Steward's company needs talent for its employer to be successful. To recruit successfully, Steward will have to use many ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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