Fair Pay: How to Get a Raise, Close the Wage Gap, and Build Stronger Businesses
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What We're Saying
"The authors who make up this year’s Porchlight Business Book of the Year Awards longlist gift us with a feast of new ideas to explore and, even more valuable, a renewed sense of possibility.” READ FULL DESCRIPTION
An expert takes on the crisis of income inequality, addressing the problems with our current compensation model, demystifying pay practices, and providing practical information employees can use when negotiating their salaries and discussing how we can close the gender and racial pay gap. READ FULL DESCRIPTION
Dylan Schleicher, Porchlight's Marketing and Editorial Director, takes a glimpse inside the best Management & Workplace Culture books of 2021. READ FULL DESCRIPTION
David Buckmaster takes on issues as personal as how to advocate for better pay for yourself, and as broad as how to change the system to rid it of its persistent racial and gender disparities and finally provide equal pay for equal work. READ FULL DESCRIPTION
Longlisted for the 2021 Porchlight Business Book Awards, Management & Workplace Culture
An expert takes on the crisis of income inequality, addressing the problems with our current compensation model, demystifying pay practices, and providing practical information employees can use when negotiating their salaries and discussing how we can close the gender and racial pay gap.
American workers are suffering economically and fewer are earning a living wage. The situation is only worsening. We do not have a common language to talk about pay, how it works at most companies, or a cohesive set of practical solutions for making pay more fair. Most blame the greed of America's executive class, the ineptitude of government, or a general lack of personal motivation.
But the negative effects of income inequality are a problem that can be solved. We don't have to choose between effective government policy and the free market, between the working class and the job creators, or between socialism and capitalism, David Buckmaster, the Director of Global Compensation for Nike, argues. We do not have to give up on fixing what people are paid. Ideas like Universal Basic Income will not be enough to avoid the severe cultural disruption coming our way.
Buckmaster examines income inequality through the design and distribution of income itself. He explains why businesses are producing no meaningful wage growth, regardless of the unemployment rate and despite sitting on record piles of cash and the lowest tax rates in a generation . He pulls back the curtain on how corporations make decisions about wages and provides practical solutions--as well as the corporate language--workers need to get the best results when talking about money with a boss.
The way pay works now will not overcome our most persistent pay challenges, including low and stagnant wages, unequal pay by race and gender, and executive pay levels untethered from the realities of the average worker. The compensation system is working as designed, but that system is broken.
Fair Pay opens the corporate black box of pay decisions to show why businesses pay what they pay and how to make them pay more.