Before you jump into week 2’s the assignment, please make sure you are taking time to read the example pay philosophies that are posted in the weekly material. I’m going to spend some time breaking down this assignment since many students fail to include the key elements or focus on the intention of the assignment.

Where I see mistakes on week 2’s assignment is that students fail to review what a pay philosophy is and fail to review samples before they start the assignment. Additionally, this week’s paper should focus in on the Managed by Q case. What I will be looking for in your paper is that it is clear that you understand what Q’s pay philosophy is; which may include writing it out within the paper. Then you need to really analyze how this philosophy impacts the profitability of Q and then discuss what (if any) competitive advantage it gives Q. The purpose of the assignment is to explore the importance of a compensation philosophy on an organization and we’ll be doing this by looking at the Managed by Q company.

So, let’s breakdown the assignment, it reads as follows:

Q Case Compensation Philosophy: Using the Q Case Study listed below, (1) you will be writing a compensation statement for Managed by Q and then (2) looking at how this philosophy impacts their financial performance, competitive advantage, recruitment, etc. Please consider all the stakeholders who are impacted and how their particular approach impacts these different view points.

Utilizing the case study and additional information found via research (minimum three additional resources), (3) present an academic analysis of Managed by Q’s strategic compensation philosophy, its impact on the profitability of the organization, and any competitive advantage this strategy creates (please