Explain the similarities and differences between the FES and HAY. Explain their strengths and weaknesses.
The Hay Guide Chart-Profile Method is among the most popular of factor comparison job evaluation systems. The benefits of the Hay plan include that it is tailored to an organization, and its profiling is used to adjust the guide charts and to check on the evaluation of jobs. The Hays plan may be used for all types of jobs within an organization. This is a big benefit. It uses "universal factors, basing job values on 15 percent intervals, and makes job to job comparisons " (Gerhart & Milkovich, 1992). The universal factors in the Hay plan are know-how or skill, problem solving, and accountability. These factors are then broken down into the skill and knowledge needed in procedures and techniques, amount of management skills needed, and person-to-person skills involved. Jobs are ranked by the freedom employees have to act in the position, the impact and magnitude on results. Working conditions are also considered, in regard to risks, hazards, environment or physical demands that are important. Once identified, the factors are then weighted, based on their importance to the organization. Next, degree statements are made, ...
This detailed solution explains the similarities and difference between the factor evaluation system (FES) and Hay Guide Chart profile method for job evaluations. Includes examples and APA formatted references.