Member Profile: Hay Group

Hay Group

Hay Group is a global management consulting firm that works with leaders to make strategy a reality and drive performance. We help our clients improve the way they organize, lead, develop, and reward their people. Our global Life Sciences team works with biopharmaceutical clients large and small to create innovative organizational practices, plan and implement effective leadership in R&D, build new commercial organizations, and manage the challenges that come with growth. Hay Group is proud to be a BioNJ Platinum Member.

Hay Group — Shifting focus and making sustainable changes for the future

Many recent change efforts in the life sciences industry, often focusing on revamped operating models and redesigned organization structures, have come up short. The reason: Too many “new business models” remain unrealized—failing, in part, because of their conceptual underpinning, but more often because they are not effectively “operationalized.” Execution remains the key to effectiveness and productivity.

Hay Group works with companies to assess their core set of business challenges—and then leverage their human capital assets and infrastructure to meet these challenges. Our work focuses on ensuring that our life sciences clients have the right people, processes, and organization in place to change and grow in the rapidly evolving life sciences environment. We add value by making change happen—so that people and the companies they work for can achieve their potential.

Over the years, we have supported not just industry leaders—though our clients represent 37 of the 50 largest global life sciences companies in the Scrip Top 100 list, including all of the top 10—but we also have worked extensively with a large number of growing mid-caps and startups. Our efforts have effectively orchestrated system-wide change needed to actualize their new and existing business models.

Specific outcomes have allowed our clients to:

  • Globalize and broaden their reach into new markets
  • Enhance the productivity of R&D
  • Prepare a new generation of leaders to respond to industry challenges
  • Increase sales effectiveness by building individual and team capabilities and redefining the sales and commercial organization’s mission and structure
  • Develop new performance metrics and design global incentive plans that encourage innovation
  • Enable employees at all levels of a highly matrixed organization to understand their roles

We are delighted to offer all BioNJ Members 10 percent off any of our HR tools and assessments — for more information on these products please click here.

We are also offering BioNJ members an exclusive subscription to Hay Group PayNet — the world’s largest and most robust databases of pay and benefits. The subscription will start January 1 for one year and will be offered for 10 percent off the list price. We will collect data from all BioNJ subscribers in the New Year and produce a custom peer group for BioNJ Members in 2013 at no charge.

Email us for more information about our work in the life sciences industry.

Email us for additional information on our BioNJ discounts.