equity pay scale

An equity pay scale refers to a compensation system that ensures employees are paid fairly based on factors like experience, skills, and job responsibilities, with the goal of promoting fairness and consistency within an organization. It involves setting salary ranges for different roles and levels to ensure that pay is equitable across similar positions, reducing gender or diversity pay gaps. The focus is on transparency and fairness, aligning compensation with market standards and internal fairness to motivate employees and ensure they feel valued.