Hay Group

THE SCOOP


Find your way with Hay Group
If a company needs help with its staffâ€"whether to develop, motivate or train themâ€"then Hay Group is the consultancy they go to first.  The 67-year-old firm specializes in human resources and is the creator of the most widely touted job evaluation methodology in the world.  The global firm, based in Philadelphia, uses the research it carries out on a company and translates it into what it calls “actionable insights.† It then passes these on to the client company, with the goal of improving its business strategiesâ€"as well as execution of those strategiesâ€"and boosting staff engagement at the same time.  On top of that, Hay Group makes sure that its clients’ employees are doing the job that is right for the skills they possess through a range of leadership and talent assessments.  In addition to carrying out customer and employee surveys to make sure clients are on the right track, the firm also provides clients with direction on employee reward services and how to build an effective organization.  Clients come from the private, public, and nonprofit sectors, and from virtually all industries, including the chemicals, consumer goods, education, financial services, health care, life sciences, manufacturing, oil and gas, retail services and technology.

The firm operates in four practice areas.  The first, leadership and talent services, offers capability assessment, leadership transformation and talent management services.  The reward services group offers clients help with reward strategies, total reward framework advice, executive rewards, job evaluation, reward information services and benefits advice.  Hay Group’s consultants are also assigned to a practice area for building effective organizations, which ensures companies’ strategies are aligned with their operating models, and to the employee and customer surveys unit, which includes employee engagement and customer research services.

Matchmaker, matchmaker
Have big shoes to fill?  Hay Group can make sure its clients pick the best managers to fill executive positions with the help of its extensive leadership and talent research databases.  Founded by Harvard psychologist David McClelland, Hay Group’s leadership and talent practice uses substantive, empirical research into human behavior and its effect on organizational performance to help clients assess and select the best managers and executives for their companies.



Measuring up
Hay Group backs up all of its advice with its industry-renowned methodologies and data services.  Since the 1960s, the firm has collected more than 6.1 million individual leadership assessments of 533,039individuals, including 74,513 executives from 5,473organizations.  It has also built over 1,959 competency models for clients, and its organizational climate surveys are available in 28 languages.

The firm uses this data in a variety of ways, most notably for its job evaluation methodologyâ€"the first of its kind in the marketâ€"which is used by over 8,000 organizations around the world to determine the value of a job.  A complementary methodology is Hay Group’s “role-profile matrix,†which serves as the “evaluation of the job evaluation method.† It allows managers to see the difference between roles and to identify any gaps in order to determine how to shift jobs around.  The matrix is most often used by boards and senior management in succession planning.

Another Hay Group tool: PayNet.  Developed in 1997, the database allows managers to compare online rewards across sectors on an international basis.  It is the world’s largest database on remuneration for management positions, with more than 12 million individual records from more than 13,000 organizations.

Making the list
Hay Group often partners with publications to recognize standout companies.  Since 2002, the firm has paired up with Fortune to rank the most admired companies in the world, providing detailed analysis to make the case for each firm listed.  Issues assessed for the ranking include attraction and retention of talent, culture, leadership, performance measurement, strategy implementation, managing through economic uncertainty, execution, innovation, ability to conduct business globally, board effectiveness and reward programs.

Since 2005, the firm has also created the Best Companies for Leadership ranking, in collaboration with Chief Executive magazine and BusinessWeek online..  And, since 2007, Hay Group has partnered with The Wall Street Journal to publish the annual "WSJ/Hay Group Executive Compensation Report," which looks at various aspects of compensation, based on employee survey results.  The firm also joins forces with Bloomberg Businessweek to publish the Best Companies for Leadership.

It’s not all collaboration, however; while Hay Group might share some bylines, its consultants take full credit for a number of other survey and reports, which the firm releases regularly.  (See the news section below for some examples.)


 

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Hay Group


The Wanamaker Building
100 Penn Square East
Philadelphia, PA 19107
Phone: (215) 861-2000
Fax: (215) 861-2111
www.haygroup.com

STATS


  • Employer Type: Private
  • Chairman: Chris Matthews
  • 2010 Employees: 2,600

Major Office Locations

  • Los Angeles, CA
  • Walnut Creek, CA
  • Norwalk, CT
  • Washington, DC
  • Atlanta, GA
  • Chicago, IL
  • Boston, MA
  • Minneapolis, MN
  • Kansas City, MO
  • New York, NY
  • Philadelphia, PA
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Health Service Administrator

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Yearly Salary Range (US$ Thousands)