A. What is Nutriment’s competitive business strategy (refer to a previous chapter on strategic planning)? Justify your answer. Explain how this strategy impacts the price of Nutriments products and how that impacts compensation policy and practices.
B. Why would Emily hire an outside consultant? Why doesn’t she just conduct the hiring process herself? What are the advantages and disadvantages of using Jack, an outside consultant?
C. Should Jack suggest a pay policy to lead, lag, or match the market? Explain the advantages and disadvantages of each policy and choose one.