utilityShp {iopsych}

Schmidt-Hunter-Pearlman Utility Model.

Description

This model calculates the utility of an intervention accepting d rather than rxy as an argument.

Usage

utilityShp(n = 1, sdy, d, cost = 0, period = 1)

Arguments

n

The number of employees involved in the intervention.

sdy

The standard deviation of performance in monetary units.

d

The difference in job performance between the group recieving a treatment and the group not recieving a treatment, expressed in standard deviation units.

cost

The cost of the intervention per participant.

period

The anticipate duration of the training effect.

Value

Estimated gain in utility.

Author(s)

Allen Goebl and Jeff Jones

References

Schmidt, F. L., Hunter, J. E., & Pearlman, K. (1982). Assessing the economic impact of personnel programs on workforce productivity. Personnel Psychology, 35(2), 333-347.

Examples

utilityShp(sdy=10000, d=.50, period=4)