Hay method

a job evaluation technique used in determining the pay structure in an organization. Jobs are evaluated on the extent to which they require know-how, problem solving, and accountability, then compensated accordingly. The method combines elements of the factor-comparison method and the point method. [Edward N. Hay (1891–1958), U.S. management expert]

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Psychology term of the day

May 8th 2024

glossosynthesis

n. the creation of nonsense words.