What Other Employers Are Paying

Getting salary data is the first step in determining what "competitive" pay is for the work you want done.

Why should you pay attention to what others are doing? You want to offer a competitive wage to make sure you attract the best candidates and retain the best employees, but you'll want to do it without putting yourself in the poorhouse. The best way to find out what a competitive wage is in your area is to find out what others are paying for the same type of work.

Other reasons to keep on top of market rates are:

But how do you get your hands on salary data?

Small businesses in particular may not have a great deal of time to hire someone to help out, so getting salary information isn't something you'll be able to spend days and weeks doing. So where do you go for quick data? There are a number of sources: