Business process-structured interviews-mental ability test

Assignment Help Operation Management
Reference no: EM13821714

A company used three different selection methods to select entry level business process analyst: 1. Structured interviews (validity coefficient 0.62) 2. Mental Ability Test (validity coefficient 0.54) 3. Work sample (validity coefficient 0.50). A total of 120 job applicants were given the test and they hired 25 applicants for the position. The intelligence test cost the company $22 per person, the work sample test costs the company $40 per person, and the structured interviews cost the company $55 per person. The standardized score (z-score) of the 25 applicants (selected for the position) on the intelligence test was 0.72, structured interviews 0.82, and for work sample test 0.63. The standard deviation of job performance expressed in dollars for the 25 applicants was $8,000. Given this data, calculate the utility of the three different selection methods and make recommendation to the company as to which one they should use for the future. Assume that 200 applicants applied for the job instead of 120 and the company hired 25 of the 200. What happens to the utility using these different methods? Show your calculations as an appendix (this does not count towards the 2 pages limit).

The formula for utility is: Ns*rxy*SDy*Zx-Nt(C) where

Ns = Number of applicants selected for the position

rxy = Validity coefficient of the selection method

SDy = Standard deviation of job performance expressed in dollar terms

Zx = Average test score of those selected expressed in standardized unit (z-scores)

Nt = Total number of applicants

C = Cost of assessing each applicant

Reference no: EM13821714

Questions Cloud

Corporate social responsibility and its importance : Analyze corporate social responsibility and its importance in new business ventures. How do you demonstrate your commitment to corporate social responsibility in your business plan?
Evaluate and discuss the organizational development : Change managers play an active role in the way change occurs within the organization. There are specific foundational approaches associated with the change process and the coach and interpreter images. Evaluate and discuss the Organizational Devel..
Implement a performance appraisal system : A company sells consumer products like soaps and detergents using door-to-door sales. That is, salesmen make calls at homes, demonstrate their products, sell and collect payment on the spot. As the manager of the company, you are wondering the best w..
Importance of quality in firm financial statements : Discuss the importance of quality in a firm's financial statements and how you would go about evaluating the quality of a firm's financial statement. What do you consider to be the four main pro forma financial statements to financial forecasting,..
Business process-structured interviews-mental ability test : A company used three different selection methods to select entry level business process analyst: 1. Structured interviews (validity coefficient 0.62) 2. Mental Ability Test (validity coefficient 0.54) 3. Work sample (validity coefficient 0.50).
Explain your strategy for completing your draft : write a minimum of 4 paragraphs (each paragraph should have 6-8 sentences) explaining your strategy for completing your draft based on what you have learned throughout the course
Explain the requirements for involuntary commitment : Explain the requirements for involuntary commitment
Bout installing a faster process for making hamburgers : The BQ design team is thinking about installing a faster process for making hamburgers. They believe this could reduce the time for Pay/Pickup to a mean of 1.5 minutes, again exponentially distributed.
Different tasks and roles you learned about : Reflect on the different tasks and roles you learned about in this course. Identify at least (two) 2 skills you would need to be a project manager and discuss what you can do to develop those skills. Lastly, identify and discuss at least one (1) o..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Role ambiguity is often a source of conflict or stress

Role ambiguity is often a source of conflict or stress. How can you use what you have learned thus far to suggest leader/manager behaviors to reduce role ambiguity

  Write down some human impacts on the natural cycling

1 what are some human impacts on the natural cycling process of ecosystems in your community?2 identify a natural

  Contrast the dynamics between dominant cultures and

contrast the dynamics between dominant cultures and subcultures either in a work setting or in society. explain why it

  One of the most important activities in supply chain design

One of the most important activities in supply chain design is selection of suppliers. Discuss what criteria (other than price) might be used to select the suppliers.

  Why do you think a project needs a champion

Why do you think a project needs a champion? Do you believe that being a project champion might be the path to senior management in today's business world?

  What is the average number of bags on hand

A large bakery buys flour in 25 lb bags. The bakery uses on average 4,860 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annually carrying costs are $75 per bag. What is the average number of ba..

  Explain the internet''s effects on planning

Explain the Internet's effects on planning by how it influences 1) the motivation for planning, 2) the processes for planning, and 3) the outcomes of planning. Be sure to give complete explanations of each effect, using examples in your discussio..

  What important trades-offs involving inputs to productivity

Many times trade-offs are necessary to increase productivity. What are important trades-offs involving the inputs to productivity

  What is expected project completion time-critical path

What is the critical path? What is the expected project completion time? What is the probability of completing this project within 16 days?

  Determine whether zero population growth figure for urban us

Growth figure for urban U.S. residents also is true for rural U.S. residents on basis of sample data. 9.49 Brokers generally agree that bonds are a better investment.

  From what sources should the store gather information

Imagine that a pet supply store is establishing a new performance management system to help employees provide better customer service. Management needs to decide who should participate in measuring the performance of each of the store's salespeop..

  Explain how will this affect atlanta as a location?

Marketing anticipates that the Raleigh/Durham market will grow by 3,000 cwt. in 2011 and that Fireside will serve the growth from Allentown. Explain how will this affect Atlanta as a location.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd