For a thorough discussion of good recruiting and hiring practices, go to this Toolkit link . Mickey Mantle didn't get paid a huge salary until he hit his first 50 home runs a season. Put the person up to bat. If he takes the job and excels, he'll be well worth any raise you give him. But if he's not a star, you don't need to pay him a premium unless and until he earns it.
Fringe benefits are a critical component of employee compensation.
Health and life insurance, retirement plans and paid time off form the core of a fringe benefit package. When recruiting, be sure to stress the right benefit to meet the needs of the prospective employee. Even if employees are required to defray the growing expense of health plans, it's still a bargain for them as the group rates afforded an employer more than offset what employees would have to pay as individuals for the same protection. Many firms that rely on large numbers of part-time workers are successfully recruiting and retaining people by offering health coverage, even to low hourly wage employees. The cost of recruiting and training part-time employees is greatly reduced when turnover is kept to a minimum.