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A note on the success ratio and the utility of fixed hiring rate personnel selection decisions

Wilfried De Corte UGent (1999) JOURNAL OF APPLIED PSYCHOLOGY. 84(6). p.952-958
abstract
Using simple simulation methods, the author verifies that the formulas used to estimate both the expected success ratio of a selection and the expected average criterion score of the selectees overestimate the real gain one may expect to obtain when hiring a preestablished proportion of employees from a finite sample of applicants. To correct for this deficiency, the present article shows how an exact estimate of the expected payoff can be obtained. In addition, it indicates how the new approach can be used to assess the sampling variability of the utility estimates.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
RISK
journal title
JOURNAL OF APPLIED PSYCHOLOGY
J. Appl. Psychol.
volume
84
issue
6
pages
952 - 958
Web of Science type
Article
Web of Science id
000084563200010
ISSN
0021-9010
DOI
10.1037//0021-9010.84.6.952
language
English
UGent publication?
yes
classification
A1
id
119332
handle
http://hdl.handle.net/1854/LU-119332
date created
2004-01-14 13:35:00
date last changed
2016-12-19 15:37:28
@article{119332,
  abstract     = {Using simple simulation methods, the author verifies that the formulas used to estimate both the expected success ratio of a selection and the expected average criterion score of the selectees overestimate the real gain one may expect to obtain when hiring a preestablished proportion of employees from a finite sample of applicants. To correct for this deficiency, the present article shows how an exact estimate of the expected payoff can be obtained. In addition, it indicates how the new approach can be used to assess the sampling variability of the utility estimates.},
  author       = {De Corte, Wilfried},
  issn         = {0021-9010},
  journal      = {JOURNAL OF APPLIED PSYCHOLOGY},
  keyword      = {RISK},
  language     = {eng},
  number       = {6},
  pages        = {952--958},
  title        = {A note on the success ratio and the utility of fixed hiring rate personnel selection decisions},
  url          = {http://dx.doi.org/10.1037//0021-9010.84.6.952},
  volume       = {84},
  year         = {1999},
}

Chicago
De Corte, Wilfried. 1999. “A Note on the Success Ratio and the Utility of Fixed Hiring Rate Personnel Selection Decisions.” Journal of Applied Psychology 84 (6): 952–958.
APA
De Corte, Wilfried. (1999). A note on the success ratio and the utility of fixed hiring rate personnel selection decisions. JOURNAL OF APPLIED PSYCHOLOGY, 84(6), 952–958.
Vancouver
1.
De Corte W. A note on the success ratio and the utility of fixed hiring rate personnel selection decisions. JOURNAL OF APPLIED PSYCHOLOGY. 1999;84(6):952–8.
MLA
De Corte, Wilfried. “A Note on the Success Ratio and the Utility of Fixed Hiring Rate Personnel Selection Decisions.” JOURNAL OF APPLIED PSYCHOLOGY 84.6 (1999): 952–958. Print.