Hay Group Compensation Model The Hay Group Guide Chart Profile method of job evaluation was developed in the early 1950s by Edward N Hay and Dale Purves It is based on the notion that jobs can be measured on the basis of their relative contribution to the overall objectives of the organization We have been viewing compensation as a matter of affixing a number or
Compensation Information for employees Vacations holidays Employment Letters Leaves Absences Accommodations Health and Well being at Waterloo The Hay System is a job performance evaluation method that is widely used in North America and Europe Training in the use of the system takes several days followed by several months of The Hay System is a job performance evaluation system widely used in many regions of the world especially in North America and Europe First developed in the mid 20th century by Edward N Hay the system is designed to provide a structured and data driven approach to performance evaluation by determining the relative worth of different jobs in the organization
Hay Group Compensation Model
Hay Group Compensation Model
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Years in Hay Group UK Alex joined Hay Group Middle East in 2008 and currently heads up the Work Measurement practice Background Alex has a BSc Hons in Psychology As the lead role in Work Measurement in the region Alex s represents the Middle East office within the extended European JE network She has trained numerous clients in the use The Hay Method enables clients to define and compare jobs within and across business units with unsurpassed rigour and accuracy Hay integrated models can cut across an entire organization or be specific to a distinct group or family of jobs Executive Compensation Superior organizational results are driven by a superior executive management team
In the complex world of modern HR and organizational management job evaluation and fair compensation are key to attracting retaining talent and job satisfaction The Hay Grade System NOTE This method is variously referred to as Hay Group Hay Associates Inc the consulting firm that developed it Hay MSL Limited or for short Hay System Hay Scheme Hay Plan Hay Method In terms of determining job factors in relation to relative job worth these phrases should be seen to be synonymous
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Within the Hay databases provincial pay equity legislation For more on this subject see the sidebar on the Legal Aspects of the Hay Method of Job Evaluation The Hay Guide Charts The Guide Charts are Hay Group s proprietary instruments that enable consistent work evaluations Each of the above factors Know How Problem Solving and The Hay method of job evaluation is Network Rail s chosen scheme to evaluate Role Clarity Bands 1 to 8 and executive level jobs The Hay method is used by more than 12 000 profit and not for project organisations in more than 90 countries more than any other evaluation method It has been used in the rail industry since the 1980s
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