The Problem – Complicated compensation systems
The Hay System provides a superb methodology to develop compensation ranges based on factors relevant to each unique job. Unfortunately, the calculation process itself uses four different charts, each with its own calculations, which made the application of the system incredibly time-consuming and error prone and frustrating to all involved.
Developed a data base of all positions and the compensation calculations in Excel, making compensation evaluations simple to use and a real tool for the business.
Note for more information on the Hay System, click HERE