Customer Reviews

Building a Fair Pay Program

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This is an excellent how-to manual that covers job analysis and evaluation, developing pay grades and ranges, surveying the market, and writing policies and procedures. The book presents guidelines and a detailed plan of action for building a pay program. The process involves nine phases beginning with knowing the organization (its aims and issues) through maintaining the program.

This a detailed, do-it-yourself manual, which includes numerous key question guides, examples, formats, and illustrations. Overall, this book offers a specific approach that does NOT leave readers on their own to figure things out. Recommended. Reviewed by Gerry Stern, author of Stern's Sourcefinder The Master Directory to HR and Business Management Information & Resources, the CyberSpace SourceFinder, and the Compensation and Benefits SourceFinder.

'Building a Fair Pay Program' is an important contribution to compensation/pay management literature. Roger J. Plachy and Sandra J. Plachy summarize their main themes that distinguish this book from other books on pay management as following:

1. Pay management is built on an integrated and coherent job results management strategy.

2. An organization's mission is fulfilled by employees through contributions of job results.

3. The critical architecture for managing job contributions is a profile of job results, job duties, and four possible outcomes.

4. Pay is based on job contributions.

5. Results-oriented (nonbehavioral), objective (nonsubjective) thinking is applied in detailed to each element of pay management.

For any compensation and HR practitioners who want to gain a competitive advantage through the strategic use of their compensation system, R.J.Plachy and S.J.Plachy provide an exceptional guide.

Highly recommended.

I run my own company where more often than not, I have to be chief cook and bottle washer. I knew some aspects of setting up a compensation program, but this book was a revelation. The first 80 pages or so are about getting a comp plan through corporate obstacles and so didn't apply to my small business, but the rest of the book was perfect. It logically guides you through establishing the purpose of your company in written form, and then building every single job description as an extension of that purpose and rewarding the job accordingly. It makes so much practical sense, and yet it wasn't obvious from the outset. This book will be invaluable to anyone trying to cook up their own compensation structure.

".....This book is organized according to the logical, sequential phases of a pay project.
Each phase is subdivided into specific considerations or tasks, followed by a series of questions (called "Project Analyzer") to help you analyze your situation.

Exercises and examples bring many of the considerations into tangible form.

"HOW TO" IS WHAT THIS BOOK IS ALL ABOUT.
The field or pay administration already has plenty of theoretical texts, and you should read them, too, for their useful examination of the issues....."
[from the book of the preface