Estimating and maximizing the utility of sequential selection decisions with a probationary period

British Journal of Mathematical and Statistical Psychology

Volumn 51, Issue 1, 1998, Pages 101-121

  De Corte, Wilfried ^a  

^a GHENT UNIVERSITY   (Belgium)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0009268912     PISSN: 00071102     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.2044-8317.1998.tb00669.x     Document Type: Article

References (44)

1. Alexander, R. A. & Barrick, M. R. (1987). Estimating the standard error of projected dollar gains in utility analysis. Journal of Applied Psychology, 72, 475-479.
2. Alley, W. E. & Darby, M. M. (1995). Estimating the benefits of personnel selection and classification: An extension of the Brogden table. Educational and Psychological Measurement, 55, 938-958.
3. Boudreau, J. W. (1983). Economic considerations in estimating the utility of human resources productivity improvement programs. Personnel Psychology. 36, 551-576.
4. Boudreau, J.W. (1991). Utility analysis for decisions in human resource management In M. D. Dunnette & L. M. Hough (Eds), Handbook of Industrial and Organizational Psychology, vol. 2, 2nd ed., pp. 621-745. Palo Alto, CA: Consulting Psychologists Press.
5. Boudreau, J. W. & Berger, C. J. (1985). Decision-theoretic utility analysis applied to employee separations and acquisitions. Journal of Applied Psychology 70, 581-612.
6. Brewster, C., Hegewisch A., Holden, L. & Lockhan, T. (eds) (1992). The European Human Resource Management Guide. London: Academic Press.
7. Brogden, H. (1949). When testing pays off. Personnel Psychology, 2, 171-183.
8. Cascio, W. F. (1993). Assessing the utility of selection decisions: Theoretical and practical considerations. In N. Shchmitt, W. C. Borman & Associates (Eds), Personnel Selection in Organizations, pp. 310-340. San Francisco: Jossey-Bass.
9. Cronbach, L. & Glesser, G. (1965). Psychological Tests and Personnel Decisions. Urbana, IL: University of Illinois Press.
10. De Corte, W. (1994). Utility analysis for the one-cohort selection retention decision with a probationary period. Journal of Applied Psychology, 79, 402-411.
11. De Corte, W. (1996). Recruitment and retention decisions that maximize the utility of a probationary selection to obtain a fixed quota of successful selectees. Personnel Psychology, 49, 399-428.
12. De Corte, W. (1997). Utility analysis for the probationary selection decision to obtain a fixed quota of successful selectees. Journal of Organizational Behavior, 18, 67-82.
13. Drezner, Z (1992). Computation of the multivariate normal integral. ACM Transactions on Mathematical Software, 18, 470-480.
14. Gill, P. E., Murray, W., Saunders, M. A. & Wright, M. H. (1984). Recent developments in constrained optimization. NAG Newsletter, 1, 8-20.
15. Gill, P. E. Murray, W., Saunders, M. A. & Wright, M. H. (1989). Constrained nonlinear programming In G. L. Nemhauser & A. H. G. Rinnooy Kan (Eds), Handbooks in Operations Research and Management Science, vol. 1, Optimization, pp. 171-210. Amsterdam: New Holland.
16. Gill, P. E. Murray, W. & Wright, M. H. (1981). Practical Optimization. London: Academic Press.
17. Hanisch, K. A. & Huhn, C. L. (1994). Two-stage sequential selection procedures using ability and training performance: Incremental utility of behavioral consistency measures. Personnel Psychology, 47, 767-785.
18. Hsu, L. M. (1982). Estimation of the relative value of employee selection tests from information commonly available in the presence of direct and indirect range restriction. Journal of Applied Psychology, 67, 509-511.
19. Hunter J. E. & Hunter, R. F. (1984). Validity and utility of alternative predictors of job performance. Psychological Bulletin, 96, 72-98.
20. Leppard, P. & Tallis, G. M. (1989). Evaluation of the mean and covariance of the truncated multinormal distribution. Applied Statistics, 38, 543-553.
21. Martin, S. L. & Raju, N. S. (1992). Determining cutoff scores that optimize utility: A recognition of recruiting costs. Journal of Applied Psychology, 77, 15-23.
22. Milkovich G. T. & Boudreau, J. W. (1997). Human Resource Management 8th ed. Chicago, IL: Richard D. Irwin.
23. Murphy, K. (1986). When your top choice turns you down: Effect of rejected offers on the utility of selection tests. Psychological Bulletin, 99, 133-138.
24. Muthén, B. (1990). Moments of the censored and truncated bivariate normal distribution. British Journal of Mathematical and Statistical Psychology, 43, 131-143.
25. Nemhauser, G. L. & Rinnooy Kan, A. H. G. (1989). Handbooks in Operations Research and Management Science, vol. 1, Optimization. Amsterdam: New Holland.
26. Numerical Algorithms Group (1994). The NAG Fortran Library Manual. Mark 16 Oxford UK: Numerical Algorithms Group.
27. Raju, N. S., Burke, M. J. & Maurer (1995). A note on direct range restriction corrections in utility analysis. Personnel Psychology, 48, 143-149.
28. Raju, N. S., Burke, M. J. & Normand, J. (1990). A new approach for utility analysis. Journal of Applied Psychology, 75, 3-12.
29. Raju, N. S., Cabrera, E. F. & Lezotte, D. V. (1996). Utility analysis when employee performance is classified into two categories: An application of three utility models. Paper presented at the annual meeting of the Society for Industrial and Organizational Psychology, San Diego, CA, April.
30. Raju, N. S., Steinhaus, S. D., Edwards, J. E. & DeLessio, J. (1991). A logistic regression model for personnel selection. Applied Psychological Measurement, 15, 139-152.
31. Rich, J. S. & Boudreau, J. (1987). The effects of variability and risk in selection and utility analysis: An empirical comparison. Personnel Psychology, 40, 55-84.
32. Robertson, I. T. & Smith, M. (1989). Personnel selection methods. In M. Smith & I. T. Robertson (Eds), Advances in Selection and Assessment, pp. 89-112. Chichester: Wiley.
33. Rock, D. A., Barone, J. L. & Boldt, R. F. (1972). A two-stage decision approach to the selection problem. British Journal of Mathematical and Statistical Psychology, 25, 274-282.
34. Rynes, S. L. (1993). Who's selecting whom? Effects of selection practices on applicants attitude and behavior. In N. Schmitt, W. C. Borman & Associates (Eds), Personnel Selection in Organizations, pp. 240-274. San Francisco: Jossey-Bass.
35. Sackett, P. R. (1989). Comment on selection utility analysis. In M. Smith & I. T. Robertson (Eds), Advances in Selection and Assessment, pp. 259-267. Chichester: J. Wiley.
36. Sackett, P. R. & Roth, L. (1996). Multi-stage selection strategies: A Monte Carlo investigation of effects on performance and minority hiring. Personnel Psychology, 49, 549-572.
37. Schmidt, F. L., Hunter, J. E., McKenzie, R. C. & Muldrow, T. W. (1979). Impact of valid selection procedures on workforce productivity. Journal of Applied Psychology, 64, 609-626.
38. Surgent, L. V. (1947). The use of aptitude tests in the selection of radio tube mounters. Psychological Monographs, 61 (2). Whole no. 283.
39. Schervish, M. J. (1984). Multivariate normal probabilities with error bound. Applied Statistics, 33, 81-87.
40. Tallis, G. M. (1961). The moment generating function of the truncated multinormal distribution. Journal of the Royal Statistical Society, Series B, 23, 223-229.
41. Taylor, H. C. & Russell, J. F. (1939). The relationship of validity coefficients to the practical effectiveness of tests in selection: Discussion and tables. Journal of Applied Psychology, 23, 565-578.
42. Tiffin, J. & Vincent, N. L. (1960). Comparison of empirical and theoretical expectancies. Personnel Psychology, 13, 59-64.
43. Vos, H. J. (1997). Simultaneous optimization of quota-restricted selection decisions with mastery scores. British Journal of Mathematical and Statistical Psychology, 50, 105-125.
44. Zhou, J. L., Tits, A. L. & Lawrence, C. T. (1996). User's guide for FFSQP version 3.6: A Fortran code for solving optimization programs, possible minimax, with general inequality constraints and linear equality constraints, generating feasible iterates. Technical Report, SRC-TR-92-107r5. College Park, MD 20742: Institute for Systems Research, University of Maryland.