Hay Group definition
Examples of Hay Group in a sentence
In order to establish a credible and acceptable benchmark for base salary compensation, the parties will select, my mutual agreement, suitable comparator companies from the Hay Group database (“salary database”) no later than January 31, 2004.
The Employer will ensure new members and members’ alternates to the Committee are trained by the Hay Group on the HGJEM system at the Employer’s expense.
Job descriptions will contain the following elements: Position code, job title, employee group, salary grade, FLSA status, like positions (like positions will be mutually agreed to by the Union and Board), supervisor’s job title, date of preparation or update, purpose of job, Hay Group element summary, including classification level, required knowledge, skills, abilities, essential duties, other duties, and American with Disabilities (ADA)-related factors.
In the event the Hay Group discontinues providing job evaluation services or if the cost becomes unreasonable in the future, the City may select another job evaluation consulting firm.
PDQ’s will be evaluated and classified by a panel of employees who have been trained in the Hay Group methodology.
If sufficient justification has been demonstrated, the Director of Human Resources shall send the request and documentation to the Hay Group for consideration.
The Committee shall use the Position Classification Plan developed by The Hay Group in 2006 or a successor plan to make its determination.
For the purposes of establishing pay equity under the Pay Equity Act, RSO 1990, c P.7, the parties agree to use the Korn Ferry Hay Group Guide Chart-Profile Method of Job EvaluationSM to evaluate and compare jobs in the bargaining unit.
In considering any possible adjustment to the Base Salary, the Board will consider the reports and/or methodology of the Hay Group or a similar consultant as reasonably selected by the Board, with the intent that the Base Salary will be competitive with salaries for similar executive officers at comparable companies of similar size and scope of operations to Employer, but no less than the mid-point of the range of salaries indicated by the consultant for such comparable executives.
The updated job descriptions will be provided to the Hay Group, or like consultant as selected by the City, for a compensation analysis of internal and external salary equity.