FOR IMMEDIATE RELEASE:
Tim Tolan, CEO of Sanford Rose Associates® – The Tolan Group, Featured in Business News Daily, Are You Paying Your Employees Enough?
By: Bennett Conlin
Plano, TX | 11/12/2018
As your business grows and begins to hire employees, it’s important to properly compensate your new and existing team members. While this seems easy enough, you need to consider several factors when determining salaries.
To get a better understanding of best compensation practices, we spoke with HR professionals and hiring managers. They shared four key tips for determining pay structure within your organization.
When making salary decisions, it’s important to get outside input. Tim Tolan, owner of national recruiting firm The Tolan Group, suggested looking at websites like Salary.com, which can provide your company with detailed insights into how others in the same field and region get paid. Tolan believes a tool like this works best for businesses with more employees, as a mom-and-pop shop might not need such a detailed resource.