HAY
The HAY job evaluation methodology developed by Korn Ferry Hay Group (formerly known as the Hay Group) is an analytical, factor-based scheme, which aims to measure the relative size of jobs within an organisation.
To evaluate a job, role analysts assess the role against a number of factors, which are known as the Hay Guide Chart Profile. This profile is split into three main elements, which are common to all jobs to one extent or another. The three elements are broken down further into sub-elements.
Know-How
The level of knowledge, skill and experience which are required to preform the job successfully.
- Depth and Range of Know-How
- Planning and organisation
- Communicating and Influencing (Human Relation Skills)
Problem Solving
The complexity of thinking required, both in the type of problems come across and the extent to which the jobholder has precedent and/or assistance in solving them (Applying their Know-How).
- Thinking Environment
- Thinking Challenge
The impact the job has on the organisation (i.e. the end result) and the extent to which the jobholder acts autonomously in achieving this.
- Freedom to Act
- Nature of Impact
- Area of Impact
The outcome of the evaluation shows the total size of the job, which can then be placed in rank order with other roles within the organisation.
For more information visit: Korn Ferry Hay Group