How much do you pay staff?

Salary ranges help make numbers more manageable
By Karl Aboud
|Canadian HR Reporter|Last Updated: 05/06/2014

How much should employees be paid? It’s one of the most important decisions an organization has to make.

The answer is critical to an organization’s success. The pay package has to be enticing enough to attract top-quality employees in a competitive market, motivate them to perform and keep them growing rather than moving on to greener pastures.

But you also have to make sure you’re not sweetening the pot too much, given that labour is typically the most costly line item for most employers. So how do you strike the right balance? Structure is the key.