Definition of Hay system:
Proprietary job evaluation system in which three requirements (know how, problem solving, and accountability, called factors) are considered fundamental and universally applicable. These factors are subdivided into their basic components called dimensions which vary for each factor. The dimensions of know-how, for example, are (1) technical know how (2) management know how, and (3) human relation skills. Each dimension is scaled (graduated) according to its application in a particular job and is assigned points according to an included point-table. Devised and copyrighted by a US consultant Ned Hay in 1948. Also called point factor system.
Meaning of Hay system & Hay system Definition