👉 Pay math, or the pay scale structure, refers to the way salaries are organized within an organization based on job roles, responsibilities, and levels of experience. It typically includes a hierarchy with different pay grades or categories, each corresponding to specific job titles and corresponding salary ranges. This structure ensures consistency and fairness in compensation across the company, aligning pay with the value each role brings. For instance, entry-level positions might fall into a lower grade with a smaller salary range, while more senior or specialized roles occupy higher grades with larger ranges. Pay math also often incorporates factors like performance metrics, education, and industry standards to adjust salaries within each grade, ensuring that employees are fairly compensated for their contributions and qualifications.
