Offering competitive salaries is a major factor in how successful you are at hiring and retaining employees. But what constitutes “competitive”? And how do you go about structuring it? Sharon Weiss has the details.
You want to hire an employee. (Who doesn’t these days?) But how do you know what salary to offer that will attract someone without overpaying? Or, perhaps your team is pressuring you to give raises. How do you decide what to give them that would be both affordable and motivational?