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Introduction to HayGroup



HayGroup Centre for Learning




  At Hay Group, we help organisations work
  …by turning their strategy into reality
Evolution



                                                          Evolve as an
        Hay Group founded by             Geographic
                                                          organization                Hay group has
           Edward N. Hay                 expansion
                                                         strategy firm                evolved as the
             1943 - 1958                1958 - 1984
                                                         1984 onwards                thought leader in
                                                                                        all areas of
                                                                                         complex
      • Ned Hay started with •Significant           • Developing a broad based
                                                                                      organizational
                              geographic
        study and                                      value offering, e.g.,
                                                                                          issues
                              expansion, both in
        evaluation of                   India        - Leadership and top team
                              the US and other
        management jobs                 Started in 2004development
        with General Foods parts of the world
                                        Offices in: - Competency based talent
                              thereafter.
        Corporation
                                              Delhi    mapping
      • Developed the Hay • Broadening the
                                              Mumbai
                              value offering to
        evaluation process
                              understanding Consultants
                                        30+ &
        through the Guide                                                    The Statistics
                                                                             The Statistics
                              influencing
        Chart method                    100+ Clients                         • With over 2000+ employees
                                                                             • With over 2000+ employees
                              organization design,                           • 84 Offices
                                                                             • 84 Offices
                              culture and change
                                                                            • 47 Countries
                                                                            • 47 Countries
                                                                            • 7000+ clients across the world
                                                                            • 7000+ clients across the world


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© 2008 Hay Group. All Rights Reserved
Business Statement



     We help clients translate strategy into action
     We help clients make insightful decisions
     We help organizations develop and retain world-class talent and leaders
     We help clients mobilize people to achieve business goals
     We help organizations to effectively implement and sustain our recommendations




                                                                     Business Statement

                                                                                      3
© 2008 Hay Group. All Rights Reserved
Hay Group offers the entire range of solutions ‘to make
    organizations work


                                        • Strategy Decode - Align strategy and actions
                                        • Organisation Culture
                                        • Business Operating Model

                                                       Understand
                                                        Business
                                                         Context

                                                                                    • Leadership Model
•   Organizational Structure                                    Reward Information System
                                                                                         * Competencies
•   Job Analysis
                             Understand                                 Understand       * Leadership Styles
•   Job Evaluation
                               Work                                       People
                                                                • Online Access to PayNet Impact on Climate
                                                                                         *
•   Grade Structure
                                                                                      • Assessment
                                                                • Compensation & Benefits Databases
•   Process reengineering
                                                                                      • Executive coaching
                                                                • Market Analysis & Advice
                                                       Evaluate & Reporting & Analysis
                                                                •
                                                        Manage • Customized Survey Capability
                                                         Risks • Reward Benchmarking

                                            • Talent Management & Succession Planning
                                            • Performance Management System
                                            • Rewards Strategy
                                                                                                           4
© 2008 Hay Group. All Rights Reserved
Reward Information Services

Reward Information Services exists to provide reward information services to clients based on high
quality databases and consistent methodologies


Global Mission - We deliver the best information solutions that support the daily and strategic rewards
decision making processes of our clients. We do this in a manner which generates organization specific
insight and value by truly integrating with a client’s business


      Our global databases represent more than 7 million employees from nearly 13,000 organizations in over
      90 countries worldwide (over 60 on PayNet)
      Over 500 of the Fortune 1000 are our clients.
      Data available for over 100 countries and interactive (PayNet) databases in over 70. The number of
      companies in our global databases increased by 14% and the number of incumbents by 19% this year.
      In India we have a Live Database of 175+ companies with over 106,000 incumbent wise data




                                                                                                           5
© 2008 Hay Group. All Rights Reserved
What differentiates us


                                          Job Mapping



                    Comprehensive and
                                                        All incumbent data
                    customised reports



                                         Hay Group

                   Global Benchmarking                       PayNet



                                          Consistent
                                          Methodology




                                                                             6
© 2008 Hay Group. All Rights Reserved
Methodology



                                                                                Job Evaluation
                                                                                (HayGroup
                                                                                Method)
                                                         Job Matching   JobMappingSM with
                        Clients time




                                                         with job       structured approach
                                                         descriptions   and evaluated job
                                                                        descriptions
                                                   Job Status           (HayGroup Method)
                                                   (hierarchically)
                                                   matching
                                       Job Title
                                       matching

                                       Value Add

                                                                                              7
© 2008 Hay Group. All Rights Reserved
Job Mapping in today’s Value Chain

                                                               • Freedom to act
                                                               • Magnitude
                                                               • Impact

                                                   Accountability



                                        Know-How

                                                    Problem solving
        • Technical know how
        • Breadth of Management
        • Human relations skills
                                                                • Thinking challenge
                                                                • Thinking environment

                                                                                         8
© 2008 Hay Group. All Rights Reserved
Total Rewards Approach – Reward Elements




                                        •   Life Style
                                        •   Work climate
                                        •   Future Perspective   Emotional Rewards
                                        •   Quality of work
                                                                                             Total
                         Intrinsic
                                               Training &
                                                                  Value Addition
                                              Development
                       Internal Value
                             Or         •   Phone                                                    R
                         Motivation     •   Cars                      Active
                                                                                                     E
                                        •   Clubs                    Benefits




                                                                                                         REWARDS
                                        •   Discounts                                                M
                                                                                         TOTAL
                                                                                                     U
                                        • Retirement                 Passive
                                        • Health and Welfare                                         N
                                                                     Benefits
                        EXTRINSIC       • Holidays                                                   E
                                                                        Long
                                        • Stock                                                      R
                                                                                               C
                    All components to                                  Term          TOTAL
                                        • Performance Shares                                   O
                      which we can                                                                   A
                                                                     Incentives                M
                                                                                     DIRECT
                                                                                               P
                    assign a monetary
                                                                                                     T
                                                                                               E
                                        • Annual Incentive
                          value                                     Short Term       T         N
                                                                                         C
                                                                                                     I
                                        • Bonus                                                S
                                                                     Variable        O   A     A
                                                                                     T               O
                                                                                         S     T
                                        • Base Salary                                          I
                                                                                     A   H
                                                                                                     N
                                                                  Guaranteed Cash              O
                                        • Allowances                                 L         N




                                                                                                                   9
© 2008 Hay Group. All Rights Reserved
Salary Movement & Forecast – Base Salary




                                             10
© 2008 Hay Group. All Rights Reserved
Salary Movement & Forecast – Guaranteed Cash




                                                 11
© 2008 Hay Group. All Rights Reserved
Our Industry Partners




                                        12
© 2008 Hay Group. All Rights Reserved
End of Deck




                                                      13
© 2008 Hay Group. All Rights Reserved

More Related Content

Hay Group

  • 1. Introduction to HayGroup HayGroup Centre for Learning At Hay Group, we help organisations work …by turning their strategy into reality
  • 2. Evolution Evolve as an Hay Group founded by Geographic organization Hay group has Edward N. Hay expansion strategy firm evolved as the 1943 - 1958 1958 - 1984 1984 onwards thought leader in all areas of complex • Ned Hay started with •Significant • Developing a broad based organizational geographic study and value offering, e.g., issues expansion, both in evaluation of India - Leadership and top team the US and other management jobs Started in 2004development with General Foods parts of the world Offices in: - Competency based talent thereafter. Corporation Delhi mapping • Developed the Hay • Broadening the Mumbai value offering to evaluation process understanding Consultants 30+ & through the Guide The Statistics The Statistics influencing Chart method 100+ Clients • With over 2000+ employees • With over 2000+ employees organization design, • 84 Offices • 84 Offices culture and change • 47 Countries • 47 Countries • 7000+ clients across the world • 7000+ clients across the world 2 © 2008 Hay Group. All Rights Reserved
  • 3. Business Statement We help clients translate strategy into action We help clients make insightful decisions We help organizations develop and retain world-class talent and leaders We help clients mobilize people to achieve business goals We help organizations to effectively implement and sustain our recommendations Business Statement 3 © 2008 Hay Group. All Rights Reserved
  • 4. Hay Group offers the entire range of solutions ‘to make organizations work • Strategy Decode - Align strategy and actions • Organisation Culture • Business Operating Model Understand Business Context • Leadership Model • Organizational Structure Reward Information System * Competencies • Job Analysis Understand Understand * Leadership Styles • Job Evaluation Work People • Online Access to PayNet Impact on Climate * • Grade Structure • Assessment • Compensation & Benefits Databases • Process reengineering • Executive coaching • Market Analysis & Advice Evaluate & Reporting & Analysis • Manage • Customized Survey Capability Risks • Reward Benchmarking • Talent Management & Succession Planning • Performance Management System • Rewards Strategy 4 © 2008 Hay Group. All Rights Reserved
  • 5. Reward Information Services Reward Information Services exists to provide reward information services to clients based on high quality databases and consistent methodologies Global Mission - We deliver the best information solutions that support the daily and strategic rewards decision making processes of our clients. We do this in a manner which generates organization specific insight and value by truly integrating with a client’s business Our global databases represent more than 7 million employees from nearly 13,000 organizations in over 90 countries worldwide (over 60 on PayNet) Over 500 of the Fortune 1000 are our clients. Data available for over 100 countries and interactive (PayNet) databases in over 70. The number of companies in our global databases increased by 14% and the number of incumbents by 19% this year. In India we have a Live Database of 175+ companies with over 106,000 incumbent wise data 5 © 2008 Hay Group. All Rights Reserved
  • 6. What differentiates us Job Mapping Comprehensive and All incumbent data customised reports Hay Group Global Benchmarking PayNet Consistent Methodology 6 © 2008 Hay Group. All Rights Reserved
  • 7. Methodology Job Evaluation (HayGroup Method) Job Matching JobMappingSM with Clients time with job structured approach descriptions and evaluated job descriptions Job Status (HayGroup Method) (hierarchically) matching Job Title matching Value Add 7 © 2008 Hay Group. All Rights Reserved
  • 8. Job Mapping in today’s Value Chain • Freedom to act • Magnitude • Impact Accountability Know-How Problem solving • Technical know how • Breadth of Management • Human relations skills • Thinking challenge • Thinking environment 8 © 2008 Hay Group. All Rights Reserved
  • 9. Total Rewards Approach – Reward Elements • Life Style • Work climate • Future Perspective Emotional Rewards • Quality of work Total Intrinsic Training & Value Addition Development Internal Value Or • Phone R Motivation • Cars Active E • Clubs Benefits REWARDS • Discounts M TOTAL U • Retirement Passive • Health and Welfare N Benefits EXTRINSIC • Holidays E Long • Stock R C All components to Term TOTAL • Performance Shares O which we can A Incentives M DIRECT P assign a monetary T E • Annual Incentive value Short Term T N C I • Bonus S Variable O A A T O S T • Base Salary I A H N Guaranteed Cash O • Allowances L N 9 © 2008 Hay Group. All Rights Reserved
  • 10. Salary Movement & Forecast – Base Salary 10 © 2008 Hay Group. All Rights Reserved
  • 11. Salary Movement & Forecast – Guaranteed Cash 11 © 2008 Hay Group. All Rights Reserved
  • 12. Our Industry Partners 12 © 2008 Hay Group. All Rights Reserved
  • 13. End of Deck 13 © 2008 Hay Group. All Rights Reserved