Final answer:
The Hay method is used to measure the three levels of major compensable factors: know-how, problem-solving, and accountability requirements of each position in order to determine appropriate compensation for employees.
Step-by-step explanation:
The Hay method is used to measure the three levels of major compensable factors: know-how, problem-solving, and accountability requirements of each position. This system is used to determine the appropriate compensation for employees based on their job responsibilities.