As you struggle to get your company up and running, you won't be able to afford to pay an employee too much. But if you don't offer a competitive salary, you won't attract good enough employees to get your company going.
Most companies calculate their pay schedules based on the number of hours worked.
For obvious reasons, however, this method often encourages employees to pay more attention to the clock than they pay to their jobs. Depending on the nature of your business, you can address this problem by providing incentives, in addition to an employee's base salary. You may wonder how much to pay a particular employee doing a particular job. You can find out the average wage or salary for a particular job from your local chamber of commerce or board of trade, your local library, or management consulting firms. Group insurance, unemployment insurance premiums, Canada Pension Plan, holiday and vacation pay, pension plan, workers' compensation.