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

Previous Q& A

  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..

  How do you perceive the emotions

What have you understood to be bin Ladens stated goals in the tapes? How do you perceive the emotions that they are meant to arouse in the listener?

  What will future generations condemn us for

What will future generations condemn us for

  Describe the form of business ownership

Describe the form of business ownership of your business and explain the advantages and disadvantages of establishing your business in this form.

  Describe how the policies intend to address the issue

Perform an analysis of an environmental issue. Identify the relative local, regional, national, or global policies addressing your issue. Describe how the policies intend to address the issue

  Write a paper on should students be able to grade teachers

Write a paper about Should Students be able to Grade their Teachers.

  Large banks and community banks

Identify and discuss some of the advantages that the TBTF designation gives these banks over other large banks and community banks that are not considered by regulators as TBTF?

Reviews

Write a Review

 

Similar Q& A

  Recognize and explain at least 5 metrics which you would

1 identify and describe at least 5 metrics that you would use to assess the success of any logistics plan involving you

  Hyten corporation case study analysis

Hyten corporation case study analysis question and answers

  Why do finanical objectives essential for company to success

why do finanical objectives essential for the company to succeed?

  Contrast advantages and disadvantages of absolute standards

Contrast the advantages and disadvantages of absolute standards and relative standards.

  Discuss the characteristics of effective teams

Discuss the characteristics of effective teams? What are the challenges managers face when managing global teams?

  American executive finds that a foreign subsidiary

A visiting American executive finds that a foreign subsidiary in a poor nation has hired a 12-year-old girl to work on a factory floor, in violation of the company's prohibition on child labor.

  Transhipment application in the linear programming problem

Discuss how can we apply the transhipment application in the linear programming problem in the rental car company work flow?

  What has been the impact of horizontal, vertical

What has been the impact of horizontal, vertical, and virtual integration on healthcare organizations?

  Perform a swot analysis of the organization

Select a well-known company and a product or service that is produced by that company (be sure to avoid products that are simply purchased by the company and sold to the company's customers, which is often the case at many retail stores).

  What experiences and qualifications are important

What experiences and qualifications are important in preparing managers for "fact-based" decision making and how are the skills needed for DSS obtained?

  Discuss the company''s corporate strategy

Discuss the company's corporate strategy and explain what business the organization is in or wants to be in. Describe your growth objectives for this organization.

  What should a firm do to promote voice in organizations

What should a firm do to promote voice in organizations, and why is this important in promoting organizational justice?

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