Choosing your salary level
We know it's often hard to figure out how to determine your own salary level for your business. Here's the top 5 ways to determine a salary level. Type your paragraph here:
Assess the Position:
Before determining a salary scale, it's important to assess the value of the position for which you're going to pay.
A key component to determining a salary scale is offering competitive payment. By researching the median pay for a given position, you can forecast what an employee will expect to make.
Determine a Max and Min:
Once you know the value of a position and the median pay, you can figure out your base line and maximum.
Decide How You'll Pay:
While payment methods certainly address salary versus hourly or biweekly versus monthly, it also spills over into other ways of rewarding your employees.
Be Flexible and Open to Negotiation:
Though it can sometimes be uncomfortable, you should expect employees to inquire about their salaries and try to negotiate.
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