Pay

by Hallock, Kevin F.

• ISBN13: 9781107014985
• ISBN10: 1107014980
• Format: Hardcover
• Copyright: 2012-09-17
• Publisher: Cambridge Univ Pr

Summary

Billions of people throughout the world are paid for their work. This book was written to explain why they earn what they earn and, in doing so, to help readers understand how they can earn more in both the short and long run. It describes wages, wage differences across groups, wage inequality, how organizations set pay and why, executive and "superstar" pay, the difference between pay and "total rewards" (including benefits, opportunities for growth, colleagues, and working conditions), compensation in nonprofits, and the differences between the cost of compensation to organizations and the value employees place on that compensation. It also offers tips on what an individual can do to do to earn more.

Table of Contents

How Hard Can This Be?

Common sense, economics, and 'HR'?: how to pay

Wages, the wage distribution, and wage inequality

The facts: who makes what and what are their characteristics?

The difference between wages and total compensation: is there a difference between employee value of compensation and the cost to companies?

How Organizations Set Pay Structure and Why

Business strategy and compensation strategy: where you work matters

What's in a job?: Job analysis, job evaluation, and internal comparisons

Matching the internal organizational structure to the right market data: how and how much to pay

Paying executives, athletes, entertainers and other 'superstars'

How People Are Paid Can Mean As Much As How Much They Are Paid

Evaluating performance, incentives, and incentive pay

Stock and stock options

Pay mix: why offer benefits? Would employees prefer cash?

International compensation

Compensation in nonprofit organizations

What You Can Do To Make More and Conclusions

What you can do now to make more now and later

Concluding thoughts

Table of Contents provided by Publisher. All Rights Reserved.