| utilityRbn {iopsych} | R Documentation |
Raju-Burke-Normand Utility Model
Description
This utility model uses SD of job performance ratings rather than the SD of job performance in monetary units.
Usage
utilityRbn(n = 1, sdr, a, rxy, uxs = NULL, sr = NULL, pux = NULL,
cost = 0, period = 1)
Arguments
n |
The size of the applicant pool. |
sdr |
The standard deviation of ratings of job performance. |
a |
The average total compensation. |
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
Raju, N.S., Burke, M.J. and Normand, J. (1990). A new approach for utility analysis. Journal of Applied Psychology, 75, 3-12.
Examples
utilityRbn(sdr=10000, a=90000, rxy=.50, sr=.30)