There is little argument that the amount we pay our employees is important. What ignites an argument among contractors is just how much to pay. In the contracting business, there are few barometers of employee pay. So how should you establish the amount of pay that is enough? For starters, base it on what you need to pay to keep your people satisfied while giving you 100% effort. You should also base pay on what you truly believe a job or specialty is worth to you and your business. In addition to these subjective criteria for establishing a pay strategy, you should consider your company's profitability, the employee benefits you offer, your firm's philosophy on training and education, and your use of financial incentives.