As a company starting out it can be difficult to determine what salary and pay you should have in place for your employees. There are several factors to keep in mind when determining your range. Remember you want to attract the best possible candidate for the job without running your budget into the ground. You also have to decipher a person’s salary by their job position. Take for example a sales position, if it’s this person’s job to bring in revenue to the company, if the sales they're generating covers their salary you can offer them a lower base pay plus commission. In this situation you have to monitor their sales to be sure this person is generating the revenue necessary for the company to maintain their position and pay. Also check with other company’s in the areas in the same industry to get an average salary range company’s are spending. Think about how valuable that person’s position is to the company, does a large portion of the company’s success depend on this persons position? For positions such as administrative staff you can possibly use a temp agency to start off for help or hire part-time employees if you fill you need assistance but not necessarily enough work for a full-time employee. For more information read full article.
