MGHB12H3 Lecture Notes - Lecture 6: Job Performance, Opportunity Cost, Employment Testing
Document Summary
Selection the process of choosing individuals who have relevant qualifications to fill existing or. Goal is to maximize accurate predictions and avoid inaccurate ones. The cost of one type of miss would be the direct and indirect expense of hiring an employee who turns out to be successful. The cost of the other type of miss is an opportunity cost = someone who could have been successful did not get a chance. Job specifications help identify the individual competencies employees need for success - the knowledge, skills, abilities, and other factors (ksaos) that lead to superior performance. Managers then use selection methods such as interviews, references, and pre-employment tests to measure applicant ksaos against the competencies required for the job. Complete and clear specification of required competencies helps interviewers differentiate between qualified and unqualified applicants and reduced the effect of an interviewer"s biases and prejudices.
