MGHB12H3 Chapter 006: Human Resource Management - Chapter 006
Document Summary
Selection is the process of choosing individuals who have relevant qualifications to fill existing or projected job openings. Overall goal of selection is to maximize hits and avoid misses. the cost of one type of miss would be the direct and indirect expense of hiring an employee who turns out to be unsuccessful. The cost of the other type of miss is an opportunity cost, someone who could have been successful did not get a chance. Accurate prediction (person would have succeeded on the job) Accurate prediction (person would not have succeeded on the job) Job specifications help identify the individual competencies employees need for success (ksaos knowledge, skills, abilities, and other factors that lead to superior performance). Selecting individuals who match the values and cultures of their organizations is called values-based hiring. A drawback is that it can result in lack of diversity, so firms need to be cautious about hiring too many of the same types of people.