PSYC 3050 Chapter : Chapter 7
Document Summary
Ja to generate job specifications and job description: from these, we would generate performance criteria and predictors, costs, both time and money are important, redundancy. Difference between concurrent and predictive validity studies: concurrent validation uses incumbents as participants rather than applicants. In concurrent validation, both predictors and criteria are measured at the same time. Usefulness of selection process: the answer to is it worth it? often comes directly from an assessment of utility, elements of selection process that allows use to assess utility, decision accuracy, validity, base rate, selection ratio, cost. Validity: to the extent that a selection battery is valid, hits and correct rejections will be maximized while misses and false alarms will be minimized, with larger validity coefficients, predictors do a better job of forecasting subsequent performance. Selection ratio: number of job openings dividied by number of applicants, the smaller that sr, the greater the potential utility of the selection battery.
