Edward N. Hay
Encyclopedia
In 1943, Edward N. Hay began a venture designed to help organizations create innovative business solutions by focusing on people and jobs. He saw that the people side of management was neglected and under-developed.
With thirty years of work that included a public-service role during World War II
as Deputy Administrator
for the Office of Price Administration
, and a long-standing job as the head personnel officer for First Pennsylvania Bank in Philadelphia, Hay wrote as he lay the groundwork for his new enterprise:
In the fall of 1943, while retaining his position at First Pennsylvania, Hay balanced his post at the bank with the management of his nascent consulting
business, which usually focused on pay and the evaluation of jobs.
In 1945, Hay got his first major breakthrough: a contract with General Foods Corporation to study and evaluate 450 management jobs. Subsequently, he resigned from First Pennsylvania Bank and incorporated his company.
Edward N. Hay died unexpectedly in 1958 at the age of 67. His company, Hay Group
, is still active as a global management consultancy.
With thirty years of work that included a public-service role during World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
as Deputy Administrator
Independent agencies of the United States government
Independent agencies of the United States federal government are those agencies that exist outside of the federal executive departments...
for the Office of Price Administration
Office of Price Administration
The Office of Price Administration was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA was originally to control money and rents after the outbreak of World War II.President Franklin D...
, and a long-standing job as the head personnel officer for First Pennsylvania Bank in Philadelphia, Hay wrote as he lay the groundwork for his new enterprise:
The human element in industry has not received adequate or sufficiently skillful attention. ... The most successful companies of the future will be the ones that take full advantage of improved personnel techniques.
In the fall of 1943, while retaining his position at First Pennsylvania, Hay balanced his post at the bank with the management of his nascent consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
business, which usually focused on pay and the evaluation of jobs.
In 1945, Hay got his first major breakthrough: a contract with General Foods Corporation to study and evaluate 450 management jobs. Subsequently, he resigned from First Pennsylvania Bank and incorporated his company.
Edward N. Hay died unexpectedly in 1958 at the age of 67. His company, Hay Group
Hay Group
Hay Group or The Hay Group is a global human resources management consulting firm headquartered in Philadelphia, with offices worldwide. It was founded in 1943 by Edward N. Hay. In 1984 the firm was purchased by Saatchi & Saatchi, but returned to private ownership in 1990 after a management...
, is still active as a global management consultancy.