Here are the results of an informal survey I did about what people are spending on employees these days. Components of Cost. Finding technically qualified people who can function effectively in a rapidly growing start up venture is not easy task. In an earlier column we discussed the economic alternatives for head hunting. Anything less will be a drag on your business.
Basic salaries vary all over the place depending on the industry and a variety of other factors.
There are data which can help you calibrate an appropriate base salary. For example, the Massachusetts Software Council puts out an annual Compensation Survey and there are similar publications in other industries. Be sure to establish rational salary ranges given your growth plans. These involve actual payment of benefits by the employer. Vacation is another cost but is subsumed in the basic salary.