Make Setting Salaries Easier With These 5 Steps

Whether you are hiring for the first time, filling an open position, or conducting annual performance reviews, finding a salary range that attracts and retains valued employees can be a difficult task. Here are some suggestions to help make the process a bit easier for you and your company:

1. Know what your business can afford

2. Understand the laws.

3. Review and update job descriptions.

4. Establish value ranges and apply them.

5. Factor in company benefits