How to Compensate Employees: Base Pay & Beyond
Paying your employees properly is a key factor in getting your business rolling. And showing employees appreciation can be vital to retaining them. Make sure you pay staff enough to motivate them and reward them for their contribution, and do so in a way that is appropriate for their job. That can include base pay and other forms of compensation, such as commissions, bonuses, and stock options. You can also add in benefits, including sick leave, paid vacations and holidays..