Reducing the Cost of Training Satisfactory Workers By Using Tests

Reducing the Cost of Training Satisfactory Workers By Using Tests SUMMARY justifiably wants a demonstration of the economies, in dollars and cents, which a company might expect from a testing program. This article describes a way in which training and testing expenses can be analyzed to provide an estimate of the cost of selecting and training satisfactory workers. The three sets of data presented are illustrative only, since selection and training expenses will vary among companies and among jobs. Some personnel men may wish to apply the method to their own data, others may use the findings as general evidence that training costs can be reduced by a testing program. MANAGEMENT BETTER SELECTION REDUCED AND TRAINING COSTS The hiring of a new employee ordinarily involves an investment in training. In some cases the new employee is sent to school; in other instances he is trained on the job by a supervisor or older employee. Regardless of the procedure, it costs money to bring the new employee to the level of performance required by the company. Although it is generally recognized that there are expenses involved in training people, an accurate estimate of such costs is frequently not available. I one takes into account the salaries paid to the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Personnel Psychology Wiley

Reducing the Cost of Training Satisfactory Workers By Using Tests

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Publisher
Wiley
Copyright
Copyright © 1953 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0031-5826
eISSN
1744-6570
DOI
10.1111/j.1744-6570.1953.tb01026.x
Publisher site
See Article on Publisher Site

Abstract

SUMMARY justifiably wants a demonstration of the economies, in dollars and cents, which a company might expect from a testing program. This article describes a way in which training and testing expenses can be analyzed to provide an estimate of the cost of selecting and training satisfactory workers. The three sets of data presented are illustrative only, since selection and training expenses will vary among companies and among jobs. Some personnel men may wish to apply the method to their own data, others may use the findings as general evidence that training costs can be reduced by a testing program. MANAGEMENT BETTER SELECTION REDUCED AND TRAINING COSTS The hiring of a new employee ordinarily involves an investment in training. In some cases the new employee is sent to school; in other instances he is trained on the job by a supervisor or older employee. Regardless of the procedure, it costs money to bring the new employee to the level of performance required by the company. Although it is generally recognized that there are expenses involved in training people, an accurate estimate of such costs is frequently not available. I one takes into account the salaries paid to the

Journal

Personnel PsychologyWiley

Published: Mar 1, 1953

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