A major factor in retaining skilled workers is a company’s compensation system—the total package of rewards it offers employees in return for their labor. Part of this compensation system includes wages or salaries. What wages or salaries will you offer for each job? Why did you decide on that pay rate?

Hint: Refer to the discussion in this chapter for more information on forms of compensation. You may also want to check out sites such as www.salary.com, which includes a salary wizard you can use to determine how much people with different job titles are making in your area and across the United States.