What is a potential negative outcome if Fresh Munchables lags the market in total compensation?

A potential negative outcome for Fresh Munchables lagging in total compensation is difficulty in attracting potential talent. When a company offers compensation packages that are below what competitors provide, it becomes less appealing to prospective employees. In a competitive job market, candidates are often comparing compensation packages, and if Fresh Munchables is not offering competitive salaries or benefits, top talent may choose to pursue opportunities elsewhere.

Attracting skilled individuals is crucial for maintaining a competitive edge, and without an attractive compensation offer, the company could struggle to fill important roles. This situation can lead to a limited pool of applicants, impacting the overall quality of hires and the company's performance. Having knowledgeable and skilled employees directly correlates with innovation, efficiency, and the ability to meet customer needs, making competitive compensation essential for organizational success.