utilityBcg {iopsych}

Brogeden-Cronbach-Gleser Utility Model.

Description

Estimates the utility of an employee selection system.

Usage

utilityBcg(n = 1, sdy, rxy = NULL, uxs = NULL, sr = NULL, pux = NULL,
  cost = 0, period = 1)

Arguments

n

The size of the applicant pool

sdy

The standard deviation of performance in monetary units.

rxy

The correlation between the predictor composite and the criterion.

uxs

The average predicter score of those selected. If the uxs is unknown, the sr argument can used instead.

sr

A selection ratio or a vector of selection ratios.

pux

The expected average criterion score of selected applicants

cost

The cost per applicant of a selection system.

period

The anticipated tenure of selected employees.

Value

Estimated gain in utility.

Note

This functions can except either (1) pux, (2) uxs and rxy, or (3) sr and rxy.

Author(s)

Allen Goebl and Jeff Jones

References

Cronbach, L. J., & Gleser, G. C. (1965). Psychological tests and personnel decisions., 37-40.

Examples

utilityBcg(sdy=10000, rxy=.50, sr=.30)