Description
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 earn more.
Chapter
TWO Wages, the Wage Distribution, and Wage Inequality
What do Wages Look Like in the United States?
Has Wage Inequality Changed Over Time?
CEO Pay Compared to the Rest
If Your Parents Make a Lot of Money, Will You Too? What If They Don’t?
THREE The Facts: Who Makes What And What Are Their Characteristics?
Wage Differences by Occupation
Wage Differences by Age, Gender, Race, and Education
Does Education Cause Higher Wages?
Regional Differences in Pay
How You Can Find Out if Your Pay Stacks Up to Others in Your Occupation and Region
FOUR The Difference Between Wages and Total Compensation: Is There a Difference Between Employee Value of Compensation and the Cost to Organizations?
Employer Costs of Employee Compensation (Its a Lot More Than Wages)
What is Your Total Compensation?
How Employers Can Think About How Employees Value Compensation
PART II HOW ORGANIZATIONS SET PAY STRUCTURE AND WHY
FIVE Business Strategy and Compensation Strategy: Where You Work Matters
Starting With a Basic Framework
An Example to Help Justify the Importance of Having a System: When Salaries Aren't Secret
Some Factors That Matter in Influencing Strategy
SIX What's in a Job?: Job Analysis, Job Evaluation, and Internal Comparisons
Organizing Job Analysis: What are the Units?
Data: How and What to Collect
An Additional Job Analysis Note
Job Evaluation: The Basics
Developing a Structure for a Particular Organization: Internal Comparisons are Tricky
Internal Comparisons Really Matter
SEVEN Matching the Internal Organizational Structure to the Right Market Data: How and How Much to Pay
Data and Surveys: How Do We Tell What Other Organizations Pay? Filling Out a Survey
Using a Compensation Survey
The Market Pay Line: Combining the Internal Structure With the External Data
After the Line: Developing a System
EIGHT Paying Executives, Athletes, Entertainers, and Other “Superstars”
Executive Pay in 2010: A Summary and Overview of Facts
Why You Shouldnt Believe Everything You Read in the Newspaper: A CEO Pay Example
Executive Pay and Company Size
Is There a Link Between Pay and Performance? How Would We Know?
Risk and Executive Compensation
Are Executives Really Worth that Much? What About Athletes and Other Superstars?
What's Next in Executive Pay?
PART III HOW PEOPLE ARE PAID CAN MEAN AS MUCH AS HOW MUCH THEY ARE PAID
NINE Evaluating Performance, Incentives, and Incentive Pay
An Example: Picking Cucumbers
Measurement Matters: The Classic Example of Installing Windshields
Types of Performance Appraisal
Some Psychological Theory Related to Incentives and Pay
Some Types of Incentive Pay Plans
TEN Stock and Stock Options
Vesting and Expiration of Options
Why do Companies Give Options? Why do Some Companies Give Options to All Employees?
The Change in Accounting for Stock Options
How do Employees Value Options?
ELEVEN Pay Mix: Why Offer Benefits? Would Employees Prefer Cash?
TWELVE International Compensation
Who Are We Talking About?
Major Methods of Paying Workers Across Countries
The State Department and Compensation Allowances
Just Because You Are Focused on International Issues, Don't Lose Sight of Everything Else
THIRTEEN Compensation in Nonprofit Organizations
Why Organize as a Nonprofit Versus For-Profit?
Possible Reasons For Differences in Pay Between For-Profit and Nonprofit Sectors
Pay and Performance in Nonprofits
Empirical Findings on the Nonprofit Versus For-Profit Pay Gap
Executive Pay in Nonprofits
Gender and Race and Pay in Nonprofits
Nonprofits and International Pay
PART IV WHAT YOU CAN DO TO MAKE MORE AND CONCLUDING COMMENTS
FOURTEEN What You Can Do Now to Make More Now and Later
Get a Face-lift or Plastic Surgery?
Two Jobs are Better Than One
FIFTEEN Concluding Thoughts on Pay
Pay
：Why People Earn What They Earn and What You Can Do Now to Make More
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