Hay Group Asia
VAULT RANKINGS 2013
Headquarters: Singapore ,
Singapore
85 offices
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THE BUZZ…
- "Reputed in HR field"
- "Limited, declining"
- "Very professional"
- "Not pure consulting"
NEWS AND UPDATES
Vault's Scoop
Uppers
- "Flexibility of work hours"
- "Cozy and family like environment"
- "Opportunity to engage at entry level"
- "Global community—always someone willing to help from any part of the world"
Downers
- "Office politics"
- "Lack of information sharing, poor communication"
- "Needs more structure around organization"
- "Limited perks"
ABOUT THIS COMPANY:
Working on the workplace
What makes employees more productive? How can executives motivate their teams? What's the best strategy for developing talent in the long run? U.S.-based Hay Group, headquartered in Philadelphia, specializes in organizational and performance consulting; this includes helping clients establish performance measurement processes, develop incentives and rewards systems, organize employee structures, and improve leadership. Engagements are typically two-part processes, starting with a diagnostic phase to understand a client's needs and market, including international competition, growth potential and technology issues. The second phase is design and implementation of the resulting solutions and strategies. Most importantly, the firm says it strives to build its solutions around each client's unique history and culture, which means there's never a one-size-fits-all approach.
Although Hay Group counts some big commercial players among its 7,000 clients—Wal-Mart, Unilever, Standard & Poor's and ABC India, to name a few—it also works with government organizations, small and mid-sized companies, and startups. The firm’s industry coverage includes chemicals, communications, education, financial services, fast-moving consumer goods (FMCG), healthcare, life sciences, manufacturing, oil and gas, public sector and non-profits, retail services and technology.
Edward Hay's vision
In 1943, Edward Hay, then head of personnel for the First Pennsylvania Bank of Philadelphia, created a small consulting firm to focus on human resources and compensation issues. As the deputy administrator of the U.S. Office of Price Administration during World War II, Hay spent time studying the War Labor Board's pay controls. Designed to keep production costs in check, these pay controls could only be lifted if a company could show, via job evaluation, that an employee's position deserved a higher pay range. In 1945, Hay landed a contract with General Foods, which asked him to study 450 of its management positions. These two experiences inspired the methodology that became known as the Hay Guide Chart-Profile Method of Job Evaluation, and Hay was hailed a pioneer of modern HR and organizational management practices.
Edward Hay passed away in 1958, but the firm that bears his name lives on. Today, Hay Group consists of 85 offices in 47 countries worldwide, with Asia Pacific locations in Australia and New Zealand, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore and Thailand.
Compiling, surveying and evaluating
Consulting is, and always has been, at the heart of Hay Group, but over the years the company has added secondary products and functions, all of which share the consulting division's international reach. One of these is the Hay Group Job Evaluation Manager, a proprietary web application used to evaluate jobs across different users, geographic locations and business units.
Hay Group offers a variety of leadership and talent assessment and development products. Meanwhile, Hay Group PayNet is a comprehensive online database of rewards and benefits information for over 13,000 leading companies worldwide. Finally, Hay Group Insight serves as the employee and customer surveys division, conducting surveys and opinion research for clients around the world and polling over one million respondents every year.
From the Community
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Getting Hired
Tips from the inside
Checking for good behavior
Insiders at Hay Group say that "prospective recruits undergo a battery of tests and are interviewed at least twice before any decision is made." Not only is the process described as "very rigorous," it is also "unique" in that it uses an interview protocol known as "behavioral event interviewing," which Hay Group insiders claim reveal the true competencies and motives of the candidate. During the two rounds of interviews, "there are a number of tests for emotional competency, learning and leadership styles." On some occasions, "candidates will be tested with a business case study as well," says a source.
Hay Group recruits from top universities locally for its graduate programs. In China, this includes Peking University, Tsinghua University and Nankai University. In Singapore, the firm looks for graduates from the National University of Singapore, Singapore Management University and Nanyang Business School. Prospective MBA hires are reported to have come from top schools such as INSEAD and—a bit closer to home—from Thailand's Sasin.
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