Book Review: ‘Pay: Why People Earn What They Earn’

cbrHallock, K. F. (2012). Pay: Why People Earn What They Earn and What You Can Do Now to Make More.
Cambridge, England: Cambridge University Press. pp. 240

Read the review by Frank L. Giancola, published in Compensation Benefits Review’s November/December 2012 issue:

An intriguing new book on employee compensation was published in September of 2012 that merits our attention. The title of the book is Pay: Why People Earn What They Earn and What You Can Do Now to Make More. Its author is Kevin Hallock, a labor economist at Cornell University. The objective of the book is to explain to a general audience how their pay is determined, based primarily on lessons from labor economics and human resources management.

I do not know of another book that attempts to do this with such brevity and focus—226 pages. Textbooks on employee compensation achieve the same goal, but they are considerably longer and cover more topics. For example, one popular text, Compensation by George Milkovich, Jerry Newman and Barry Gerhart, is 690 pages in length. Because of the length of textbooks and their focus on educating professionals, the average person may not develop a clear idea of how their pay is determined even if they have the will and patience to read a textbook.

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This entry was posted in Book Review, Pay and tagged , , , by Cynthia Nalevanko, Editor, Management INK. Bookmark the permalink.

About Cynthia Nalevanko, Editor, Management INK

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 900 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, and Washington DC, our publishing programme includes more than 560 journals and over 800 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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