A Modification of Raju, Burke and Normand's (1990) New Model for Utility Analysis

A Modification of Raju, Burke and Normand's (1990) New Model for Utility Analysis Raju, Burke, and Normand (1990) proposed a new procedure for estimating the dollar value contribution of personnel selection programs. This paper suggests some modifications to their procedure following applications in two Australian samples and contributes to the ongoing development and refinement of these models. The results show that, depending on the definition of a particular parameter in the procedure, the new approach might give higher or lower estimates of the dollar value contribution of personnel selection programs than the more widely used Schmidt, Hunter, Mckenzie and Muldrow (1979) procedure. Difficulties in applying the new procedure and possible limitations of this study are also discussed. These results also contribute to the growing international database of utility estimates which is comprised mainly of North American data at present. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asia Pacific Journal of Human Resources Wiley

A Modification of Raju, Burke and Normand's (1990) New Model for Utility Analysis

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Publisher
Wiley
Copyright
1999 Australian Human Resources Institute (AHRI)
ISSN
1038-4111
eISSN
1744-7941
DOI
10.1177/103841119903700104
Publisher site
See Article on Publisher Site

Abstract

Raju, Burke, and Normand (1990) proposed a new procedure for estimating the dollar value contribution of personnel selection programs. This paper suggests some modifications to their procedure following applications in two Australian samples and contributes to the ongoing development and refinement of these models. The results show that, depending on the definition of a particular parameter in the procedure, the new approach might give higher or lower estimates of the dollar value contribution of personnel selection programs than the more widely used Schmidt, Hunter, Mckenzie and Muldrow (1979) procedure. Difficulties in applying the new procedure and possible limitations of this study are also discussed. These results also contribute to the growing international database of utility estimates which is comprised mainly of North American data at present.

Journal

Asia Pacific Journal of Human ResourcesWiley

Published: Apr 1, 1999

References

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