Hay Model Of Compensation Hay Job Evaluation is a method used by corporations and organizations to map out their job roles in the context of the organizational structure Purpose edit The general purpose for carrying out job evaluations using this or similar job evaluation methods is to enable organizations to map and align their roles jobs
Hay Approach For Compensation this methodology helps HR leaders in deciding how much to pay people for their work Using Hay System a job is evaluated by considering the Knowledge required to perform the job Type of problem solving skills needed for common job challenges Assigned responsibilities or accountabilities The HAY System of compensation Craig Skenes Brian H Kleiner Management Research News ISSN 0140 9174 Article publication date 1 March 2003 Permissions Downloads 3914 Abstract Charts the Hay Group s Compensation Guide for Chart profile Method of Job Evaluation in the early 1950s
Hay Model Of Compensation
Hay Model Of Compensation
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Abstract This paper provides an overall insight of the Hay System of job evaluation Guide Chart Profile Method It answers the question of Hay s thinking behind his purpose to develop an alternative and in his view more effective system for measuring and assessing jobs particularly the more senior management and executive posts March 2003 Management Research News Authors Craig Skenes Brian H Kleiner Abstract Charts the Hay Group s Compensation Guide for Chart profile Method of Job Evaluation in the early 1950s
Using the Hay system of job evaluation provides a framework which enables the University s Job Evaluation Panel to make a reasoned judgement about a job s contribution relative to other different jobs across the service department faculty and University The Hay Group to be referred to as the Group believed that there were many factors common to all jobs but there were only a few factors that were significant enough so as to observe differences between different types of jobs This factor comparison process thus allowed evaluating both non exempt and exempt types of jobs
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The Hay Method is based on the idea that jobs can be assessed in terms of the knowledge required to do the job the thinking needed to solve the problems commonly faced the responsibilities assigned and the working conditions associated with the job The Hay Method is comprised of four Guide Charts which are used to define each The HAY System of compensation article Skenes2003TheHS title The HAY System of compensation author Craig Skenes and Brian Kleiner journal Management Research News year 2003 volume 26 pages 109 115 url https api semanticscholar CorpusID 154561642 Craig Skenes B Kleiner Published1 March 2003
The Hay Group method is an analytical method and is based on the analysis of three main factors which are described in detail below Overview of the method Developed by Edward N Hay known as This paper provides an overall insight of the Hay System of job evaluation Guide Chart Profile Method It answers the question of Hay s thinking behind his purpose to develop an alternative and in his view more effective system for measuring and assessing jobs particularly the more senior management and executive posts The paper also provides an analytical view demonstrating how
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Hay Model Of Compensation - Initially the Hay Method is based on the idea that jobs can be assessed in terms of The knowledge required to do the job The analytical ability needed to solve common problems The