Salary Research
Research the industry standard remuneration for the position you need to fill and then add 5 to 15 percent if you want to be competitive. Research salaries regularly and make sure your current workforce benefits from this research as well as any new developer. Also, develop your own company salary policy stating where you want to be in terms of the salaries and benefits you offer to your staff. For example, do you want to pay at the median level, the upper quartile, or the top decile for the IT industry or for your geographical area? Decide where you want to be and then compare where your current salaries fall, and then adjust if necessary.