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Journal cover: Management Research News

Management Research News

ISSN: 0140-9174
Currently published as: Management Research Review

Online from: 1978

Subject Area: Management Science/Management Studies

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The HAY System of compensation


Document Information:
Title:The HAY System of compensation
Author(s):Craig Skenes, Brian H. Kleiner
Citation:Craig Skenes, Brian H. Kleiner, (2003) "The HAY System of compensation", Management Research News, Vol. 26 Iss: 2/3/4, pp.109 - 115
Keywords:Compensation, Evaluation, Pay
Article type:Research paper
DOI:10.1108/01409170310783826 (Permanent URL)
Publisher:MCB UP Ltd
Abstract:Charts the Hay Group’s Compensation Guide for Chart-profile Method of Job Evaluation, in the early 1950s. Looks at the factors involved and itemizes three factor classifications with a total of eight elements, and these were: know-how; problem solving; and accountability. These are discussed in depth. Summarizes that this system of evaluation gives a specific result with regard to employee motivation. Concludes the Hay System is an extremely valuable tool in guiding the organization to sensible pay practices.



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