This week the focus is on compensation strategies. This is a very important firs

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This week the focus is on compensation strategies. This is a very important firs

This week the focus is on compensation strategies. This is a very important first step of designing any compensation system and one that is actually utilized within the human resources community. It is not only a way to communicate with employees and candidates around how you intend to pay. It is an important tool to ensure that management is on the same page around compensation and benefit costs.
Q Case Study Compensation Philosophy: Using the Q Case Study that is attached. Please write a compensation statement for Managed by Q and then 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.
1. Utilizing the case study and additional information found via research (minimum three additional resources), 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 utilize data to support your conclusion). Must be 5-6 pages plus cover and reference.
Some pay philosophies examples are attached.
https://hr.uiowa.edu/pay/compensation-classification/professional-scientific-compensation/philosophy
https://www.alexandriava.gov/human-resources/compensation-philosophy
The Q Case Study is also attached.

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