How do I set wage levels?

Wage levels are calculated using position importance and skill required as criteria. Consult your trade association and accountant to learn the most current practices, cost ratios, and profit margins in your business field. While there is a minimum wage set by federal law for most jobs, the actual wage paid is entirely between you and your prospective employee.
 


40 votes


Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.

FIND RESOURCES

join the community

Success_Story-Steve_Elsea.jpg
At Home in the Vineyard: Cultivating a winery, an industry and a life is Susan Sokol Blosser’s account of the early days of Oregon...
So there she was, downsized from her corporate finance job in the Dallas area the day before, out with her friends, wondering what would be next in...
Success_Story-Sonju
Fifteen years ago, Jason Sonju was pounding out dents at his father’s auto body repair shop. Today, he’s director of programming for...