Are You Paid What You'Re Worth?
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In this age of downsizing, paycuts, and shrinking health-care contributions, employees on all rungs of the corporate ladder are increasingly baffled by company pay structures, benefits packages, and bonus plans.What might look like a nice raise on the surface often translates into a virtual pay cut when all the components are figured in.And what's more, until now, employers have had a monopoly on the knowledge of how these systems actually work, leaving employees virtually defenseless.
Now, in Are You Paid What You're Worth?, long-time corporate insider and compensation consultant Michael O'Malley exposes the inner workings of compensation systems and provides a specific formula that allows anyone--from the cubicle-dweller up to the CEO--to determine his or her own competitive worth.Packed with practical tips and strategies, and spiced with real-life examples from big-name companies, Are You Paid What You're Worth? arms you with the information, confidence, and strategies you need to:
Compute the overall market worth of your job
Increase your base salary, or negotiate a salary at a new job
Improve your chances of receiving bonuses and other cash/non-cash awards
Know the pros and cons of different equity plans, and what to look for in company benefits
Increase the total compensation package you receive from your employer