What is the Hay Grade system?

What is the Hay Grade system?

The Hay Guide Chart itself comprises a point system, so that after job evaluation in terms of factors, dimensions and gradation, job scores can simply be read from the chart. The point system uses geometric progression and is not linear. This preserves the integrity of the system at all ends of the grading spectrum.

What is hay points scale?

The Hay Group Chart Profile method of job evaluation is used worldwide because it can be used to measure any type of position in any organization, regardless of industry. An evaluation conducted pursuant to the Hay method assigns points for three primary job components: know-how, problem solving and accountability.

What is the Hay method of job analysis?

The Hay Method of Job Evaluation measures jobs by assessing three distinct factors – the knowledge needed to do the job, the problem solving/thinking required by the job and the extent to which the job is accountable, within procedure, policy and managerial control/supervision, for achieving its objectives through the …

What is the Hay Group methodology?

The Hay Group method is a modified factor comparison method and this allows us to express, using the step difference principle the magnitude of each factor of a job evaluation in relation to the other factors in that job, and the relative magnitude of a factor in one job to the same factor in other key jobs.

How much should I be earning South Africa?

The salary range for people working in South Africa is typically from 9,553.00 ZAR (minimum salary) to 43,677.00 ZAR (highest average, actual maximum salary is higher). This is the total monthly salary including bonuses. Salaries can vary drastically among different job categories.

What is the Korn Ferry methodology?

Organizations use the Korn Ferry Hay Group methodology to evaluate jobs against a set of common factors that measure inputs required (knowledge, skills, and capabilities), throughputs (processing of inputs to achieve results), and outputs (end result expectations).

What does Korn Ferry Hay Group do?

Enabling people and organizations to exceed their potential Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities.

Can anyone give a job a Peromnes grade?

Peromnes is a registered trademark belonging to Deloitte (Pty) Ltd, and only licensed users may employ the product and related works and systems. Stellenbosch University (SU) is authorised to make use of the systems and utilises this particular system to perform all job evaluations, except for academic jobs.

What is Paterson grading?

The Paterson grading system is an analytical method of job evaluation, used predominantly in South Africa. The Paterson system places job decision-making into six groups or bands – policy making, programming, interpretive, routine, automatic and defined.

Who earns the most salary in SA?

13 jobs in South Africa that pay over R1. 5 million in 2022

# Job name Annual salary
1 Group CFO R2 million – R2.6 million
2 HR Director/Executive R1.8 million – R3.2 million
3 Group Treasury Manager R1.8 million – R2.5 million
4 CFO/Financial Director (SME) R1.8 million – R2.4 million