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The Employer's Handbook 2014-15, 10th Edition by Barry Cushway

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03

Paying Staff

Deciding how much to pay

You are free to decide how much to pay for a particular job provided this is above the National Minimum Wage and does not infringe equal pay legislation (see below). In deciding the appropriate pay level you should take into account:

  • what the company can afford;
  • the market rate for jobs of this type in this sector and location;
  • the size of the job in comparison with other jobs in the company;
  • what you are paying your other employees;
  • the overall value of the remuneration package including benefits.

Finding out the market rate

As you will normally have to compete with other employers for staff it is clearly important to ensure that you are paying at a comparable level for jobs of similar size.

There ...

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