Are you paying your employees enough?

For small business owners, offering competitive salaries and benefits is essential in order to hire the best employees and then retain them. But it can be hard to know how much to offer, when to give raises, and what benefits to offer—especially if your resources are limited.

This tutorial will shed light on those questions. We’ll look at ways in which you can benchmark compensation to find out how much to offer, and then we’ll look at some options for benefits: both the essentials and the optional extras that can help make your company a great place to work. Finally, we’ll look at how you can ensure you stay competitive and keep your employees happy.

This is part of a larger series on HR for small businesses, so follow along to learn more. Even if you only have a few employees right now and don’t have a fully fledged HR department like larger companies do, you’ll still need to take care of HR functions for your staff members, and this series will take you through what you need to know.

OK, so let’s get started with compensation benchmarking.