Salary vs Hourly Rate Fact Sheet
When bringing on a new team member there are a number of things to get sorted. Where will they sit, what will their key responsibilities be, where are you going to go for their welcome lunch, and so much more!
One important element to get sorted, probably even before you start recruiting, is how will they be paid. Obviously where the money is going to come from is a key factor, but here we are talking about will they be paid on an hourly basis, or as an annual salary.
In this resource we are going to break down for you the two main types of pay structures, and which might be best for your situation.