Why Do People Earn What They Er And What You Can Do Now To Make More

As a large part of many individual’s livelihoods include their jobs, the ideas and theories behind employee’s pay, such as how much they make, how much believe they should make, and how they are paid, form largely the reasons behind why many people enter the labour force. Kevin Hallock’s perceptive and advices in Why People Earn What They Earn and What You Can Do Now to Make More demonstrate the importance of understanding the mechanics behind how and why people earn what they earn, and utilizing that knowledge to potentially make more. Hallock’s overall theme stems from the important of a well organized, individualized compensation structure. More specifically, why a well- organized compensation structure is vital for both the employer and …show more content…
Secondly, is the idea of the outputs of the compensation system, or the types of pay that are yielded out of the system. Including understanding the differences between wages and total compensation, the different means in which an employer can pay their employees depending on what they consider to be valuable, and the overall importance of educating and being transparent with employees of their true compensation. In my opinion Hallock does an excellent job examining and explaining how creating a proper compensation system, tailored to the workings of your own organization, is vital in order for employers to be successful and pay employees what they should be paid. And for employees to understand what they truly make at work, and how they can potentially make more. My overall conclusion of Hallock’s book is that a proper compensation system can be as important as the business model of a