Let's start a new
conversation about people.

We help boards
and C-suites shape
and align around a
compelling business
model, aspiration and
performance management
philosophy, and design
and implement effective
strategies and

We design the
structures, networks,
governance, workforce,
and over-arching
processes clients
need to realize
their strategy.

We help clients
understand and
clarify work and the
accountabilities they
need for their strategy,
and how the nature
and content of
jobs are evolving
in today's

We help clients
translate their
business and
performance models, as
well as their talent, into
consistent reward and
benefit strategies for
executives and the

We attract the
right executive- and
professional-level talent
for our clients, accelerate
their time-to-contribution,
and create talent
pools for the future
through compelling
employer brands.

We provide local,
regional and global
outsourcing recruitment
services that offer flexible,
scalable access to expertise
through a combination of
on-site and off-site

We make sure clients
have the right people in
the right jobs now and in
the future to make their
strategy happen.

We identify,
develop and support
leaders who can solve
the business challenges of
today and create and
execute successful
strategies for the

We help clients
get their people
ready and enabled
to perform, and build
inclusive, high-performance
cultures that are aligned
to the strategy of
the business.

Conference call

Korn Ferry conducted a conference call on Sept. 24, 2015 to discuss the transaction. The call is available for replay.
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SEC filings

Visit Korn Ferry's Investor Relations section for information for
stockholders, potential investors, and financial analysts.

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What this means to us,
and you

Korn Ferry, the company that knows more about people, leadership and the new landscape of work than anyone else, creates superior results for our clients by unlocking their greatest asset — people.

Together, we are nearly 7,000 of the best and brightest minds of our industry, spanning 56 countries. And we share a single purpose: helping leaders, organizations and societies succeed by releasing the full power and potential of people.

We'll do this through our combined search, outsourcing and advisory services. And these will be delivered by three clear brands, connected but offering specialized expertise.

Korn Ferry Executive Search helps you attract the best executive talent with the right fit.

Korn Ferry Hay Group helps you align your organization and people; developing, engaging and rewarding them to achieve business success.

Korn Ferry Futurestep delivers professional talent with impact.

Korn Ferry Completes Acquisition of Hay Group

LOS ANGELES, Dec. 1, 2015 – Korn Ferry (NYSE:KFY), the preeminent global people and organizational advisory firm, today announced that it has completed its acquisition of Hay Group. Through the talent, capabilities and insights of Hay Group, Korn Ferry now has an unrivaled ability to address the entire talent continuum, a move that affirms the critical role that people and leadership play in driving organizational performance.

“We need a new conversation on people. Never before has there been so much pressure on organizations to succeed. Yet by not applying the same rigor to their people strategy as they do in other areas of their business, organizations largely ignore their greatest lever for success,” said Gary D. Burnison, CEO of Korn Ferry. “We are without question the global leader in the business that enables business – the people business. The combination of our two firms brings together nearly 7,000 talented professionals who have a single purpose – helping leaders, organizations and societies succeed by releasing the full power and potential of people.”.

“The Korn Ferry-Hay Group combination marks a historic moment that will reshape the future of work,” said Stephen Kaye, CEO of Hay Group. “This is the perfect combination of two great firms that will be uniquely positioned to help clients achieve their strategic goals and highest aspirations. With more than a century of combined experience, and some of the most prolific people, data and insights in the world, we now have an incomparable capacity to deliver superior results for our clients – ensuring they have the right people, fully aligned, developed and engaged.”

Underpinning Korn Ferry and Hay Group is robust intellectual property and one of the most comprehensive leadership, reward and assessment databases in the world to accelerate client success.

Korn Ferry will serve clients through three business lines – Executive Search, Hay Group (which now includes Korn Ferry’s former Leadership and Talent Consulting segment) and Futurestep:

Executive Search leverages deep experience, knowledge and analytics to give clients an unparalleled advantage in attracting the best executive talent with the right fit. Industry-leading analytics generate proven data by function, industry, and level to help clients make the most informed hiring decisions.

Hay Group harnesses some of the most prolific people data and insights to help clients optimize performance. Hay Group aligns organizations and people; developing, engaging and rewarding them to achieve business success.

Futurestep delivers professional talent more impactfully by offering flexible, customizable recruitment solutions powered by Korn Ferry and Hay Group intellectual property.

More information on the combination of Korn Ferry and Hay Group can be found at kornferry.com/together.

About Korn Ferry

Korn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations and societies succeed by releasing the full power and potential of people. Our nearly 7,000 colleagues deliver services through Korn Ferry and our Hay Group and Futurestep divisions. Visit kornferry.com for more information.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.  Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, the expected benefits from Korn Ferry’s acquisition of Hay Group, including the combined company’s plans, objectives, expectations and intentions.  Such statements are based on current expectations and are subject to numerous risks and uncertainties, many of which are outside of the control of Korn Ferry.

A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to:  (a) the ability to successfully integrate the operations and employees of Hay Group into Korn Ferry; (b) the ability to recognize the anticipated benefits of the acquisition of Hay Group which may be affected by, among other things, competition, the ability of Korn Ferry to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (c) costs related to the acquisition of Hay Group; (d) changes in applicable laws or regulations; (e) the possibility that Korn Ferry or Hay Group or their respective subsidiaries and affiliates may be adversely affected by other economic, business, and/or competitive factors; and (f) other risks and uncertainties indicated from time to time in Korn Ferry’s filings with the SEC.

Korn Ferry undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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Q: Who is Hay Group? What do they do?
A: Like Korn Ferry, Hay Group has a widely respected brand in the people and organizational leadership space.

Founded in 1943, Hay Group is a global people and organization advisory firm that helps organizations reach their highest aspirations and strategic goals by releasing the full power and potential of their people. With a solid portfolio of intellectual property and over 70 years' experience, Hay Group advises on all aspects of people strategy and organizational performance.

The firm has more than 3,100 colleagues working in 88 offices in 50 countries. Their clients come from the private, public and not-for-profit sectors, across every major industry and represent diverse business challenges. For over 70 years, Hay Group has been renowned for the quality of research and the intellectual rigor of its work.

Hay Group advises on all aspects of people strategy and organizational performance:
  • Business intent, leadership and top teams
  • Strategy clarification and transformation
  • Organization and workforce design
  • Work measurement and job design
  • People fit and development
  • Total rewards
  • Culture and engagement
Hay Group offers bespoke advisory services tailored to their clients' unique strategic goals in all seven areas of expertise.

In addition to consultancy, Hay Group also offers the following tools:

Job evaluation
  • Helps clients know how each job in their organization contributes to the company's strategic goals
  • More than 12,000 organizations – including more than half of the world's largest companies – trust Hay Group to handle their job evaluation needs
Hay Group owns a range of recruitment and in-role assessment tools:
  • Graduate recruitment
  • Volume recruitment
  • Assessment for potential
  • Assessment for selection
  • High stakes assessment
Hay Group offers a range of services to help clients:
  • Identify high potentials
  • Develop emotional intelligence
  • Develop leadership skills
  • Develop people for a specific role
A suite of apps designed to help employees change behavior in line with organizations' strategy, so that their strategy sticks:
  • Journey – designed to help graduates make a positive impact sooner in the workplace
  • Styles and climate – helping leaders manage themselves and their teams effectively
  • Job Description – designed to empower managers to create accurate and meaningful job descriptions
  • Grade a Job – helps managers grade jobs accurately in line with HR's policies and the market
  • Price a Job – enables managers to consistently apply HR's pay policy across the whole organization

Pay data
Hay Group owns the world-renowned PayNet database which holds pay data on:
  • 114 countries
  • 24,000 companies
  • 16 million incumbents
Leadership data
Hay Group owns:
  • Leadership data on over 600,000 leaders worldwide.
Engagement data
Hay Group has:
  • Engagement data from over 6.4 million respondents from 392 organizations.
Q: Who is Korn Ferry? What do they do?
A: Korn Ferry is the preeminent global people and organizational advisory firm. The firm opened its first office in Los Angeles in 1969 and currently operates in 78 offices in 37 countries. Korn Ferry delivers leadership and talent solutions on a global basis, wherever its clients do business. The firm has approximately 3,900 colleagues. Clients include many of the world's largest and most prestigious public and private companies, middle market and emerging growth companies, as well as government and nonprofit organizations.

For nearly half a century, clients have trusted the firm to recruit world-class leaders. Today, Korn Ferry is their partner in designing organizational strategy and developing their people to achieve unimaginable success.

The firm's solutions are focused on designing, building and attracting talent:

When Korn Ferry designs, it is crafting a unique talent strategy, through its expertise in organizational design and change management that will help its clients navigate a successful course through even the most complex transformations.

When Korn Ferry builds, it is delivering leadership development and succession management solutions that help leaders, teams, individuals, and whole organizations to grow – while also helping to drive business results and deliver sustainable change.

When Korn Ferry attracts, the firm brings a depth of expertise to the business of identifying, recruiting, and retaining the best board, C-suite, executive and professional-level talent.

Korn Ferry is increasingly a knowledge-based company with deep intellectual property and research that allow it to deliver meaningful outcomes for its clients. Today Korn Ferry's talent data includes 2.5 million assessments and profiles of 7 million candidates. This database provides the insight and intelligence for Korn Ferry's team of social scientists to determine the true drivers of leadership and performance and how any individual or organization measures up.

Korn Ferry's solutions and intellectual property are delivered through the following business segments to empower organizations and leaders to reach their goals: Executive Recruitment, Leadership and Talent Consulting (LTC) and Futurestep (offers professional search and recruitment process outsourcing).

Q: Why are Korn Ferry and Hay Group combining?
A: Both firms are industry leaders, at an exciting point in their history, with each growing and transforming their business. Clients from both firms are increasingly demanding a partner with an integrated approach to leadership and people in order to grow successfully. Together, we will be a much more powerful force than we would be as individual firms, more capable of accelerating the success of our clients and helping them achieve the greatest business performance through people.
  • We believe the combination of Korn Ferry and Hay Group is the next logical step in both organizations' evolutions – a bold move that affirms the critical role that people and leadership play in driving business performance.
  • The collective talent, capabilities and offerings of both firms addresses the entire leadership and people continuum and will create a seismic shift in the marketplace and accelerate Korn Ferry as the most preeminent global people and organization advisory firm.
  • With the addition of Hay Group, Korn Ferry will have an unrivaled ability to support the global business community not only in recruiting top talent and designing impactful compensation and reward incentives, but also with an integrated approach to the entire leadership and people continuum, including organizational design and development. By combining our talent, capabilities and offerings, we will provide our clients with best-in-class IP, practitioners, thought leadership and global reach to serve their people strategy needs like never before.
In assessing potential business opportunities, we have four criteria: (1) shared vision and beliefs, (2) strategic fit, (3) financial benefits and performance and (4) culture fit – both firms are a meritocracy. Hay Group meets all of these requirements and more. Beyond that, we believe this combination will allow us to redefine the category of people advisory firm – to once and for all, evolve the business world's orientation around its most important natural resource – people.

Q: What are the benefits for our key audiences?
A: We are strongly aligned and share the same beliefs. When combined, we will provide strengthened organizational capabilities, an expanded global footprint and enhanced products and services.

Anticipated benefits overall are compelling:
  • Category leader in people advisory space
  • Increased growth and revenue
  • Access to unparalleled expertise and talent for our clients
  • Broader global reach
  • Best-in-class intellectual property
  • Greater opportunities for our people
The benefits for our clients include:
  • More comprehensive services
  • Access to unparalleled expertise and talent
  • A wider geographic footprint
  • Stronger impact and more intimacy
The benefits for our colleagues include:
  • Greater career opportunities
  • Greater access to resources
  • A broader network of colleagues
  • An exciting opportunity to work with the preeminent global people and organizational advisory firm: a company that is redefining the category
The benefits for our stockholders include:
  • Improved growth and investment potential
  • Diversification of current business
  • Economies of scale
  • Expected cost savings

Q: How will the firm approach the market?
A: Korn Ferry will organize its operations along three business lines: Executive Recruitment, Hay Group (includes all Hay Group colleagues and Korn Ferry's LTC colleagues) and Futurestep and across all four geographic regions (North America, Latin America, EMEA and APAC).

Q: How will this transition impact clients?
  • Korn Ferry and Hay Group share a long-standing emphasis on strong client relationships. Our priority during this time of transition will continue to be our commitment to our valued clients.
  • Throughout the integration planning process, clients can expect open lines of communication from us, subject to applicable legal limitations.
  • Clients should feel free to contact us with ideas or suggestions as to how we can best serve them throughout this process and in the future.
  • We value the opportunity to work with our clients and we look forward to our continued relationships.
We are the new Korn Ferry.

On December 1, 2015, Korn Ferry announced that it has completed its acquisition of Hay Group.

The combination of Korn Ferry, Hay Group and Futurestep unites three world-class brands with a rich heritage and more than a century of combined success. We aim to be nothing less than the preeminent global people and organizational advisory firm.