Utility Analysis: Current Trends and Future Directions

International Journal of Selection and Assessment

Volumn 9, Issue 1-2, 2001, Pages 92-102

  Cabrera, Elizabeth F ^a   Raju, Nambury S ^a  

^a UNIVERSIDAD CARLOS III DE MADRID   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035595268     PISSN: 0965075X     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-2389.00166     Document Type: Article

References (52)

1. Agresti, A. (1964) Analysis of Ordinal Categorical Data. New York: John Wiley and Sons.
2. Alexander, R.A. and Barrick, M.R. (1987) Estimating the standard error of projected dollar gains in utility analysis. Journal of Applied Psychology, 72, 475-479.
3. Anderson, S.M. and Muchinsky, P.M. (1991) An examination of the robustness of the general utility function. Educational and Psychological Measurement, 51, 49-65.
4. Beach, L.R. and Mitchell, T.R. (1996) Image theory, the unifying perspective. In L.R. Beach (ed.), Decision Making in the Workplace: A Unified Perspective (pp. 1-20). Mahwah, NJ: Erlbaum.
5. Beckstein, B.A. and Gilliland, S.W. (1996) The applicability of utility analysis: When do utility estimates influence decisions? Paper presented at the Annual Meeting of the Society for Industrial and Organizational Psychology, San Diego, CA, April
6. y in utility analysis. Organizational Behavior and Human Decision Processes, 40, 69-95.
7. Bobko, P., Karren, R. and Parkington, J.J. (1983) Estimation of standard deviations in utility analyses: An empirical test. Journal of Applied Psychology, 68, 170-176.
8. Boudreau, J.W. (1983a) Economic considerations in estimating the utility of human resource productivity improvement programs. Personnel Psychology, 36, 551-576.
9. Boudreau, J.W. (1983b) Effects of employee flows on utility analysis of human resource productivity improvement programs. Journal of Applied Psychology, 68, 396-406.
10. Boudreau, J.W. (1991) Utility analysis for decisions in human resource management. In M.D. Dunnette and L.M. Hough (eds.), Handbook of Industrial and Organizational Psychology (Vol. 2, pp. 621-745). Palo Alto, CA: Consulting Psychologists Press.
11. Boudreau, J.W. and Berger, C.J. (1985) Decision-theoretic utility analysis applied to external employee movement. Journal of Applied Psychology, 70, 581-612.
12. Brogden, H.E. (1949) When testing pays off. Personnel Psychology, 2, 171-185.
13. y estimation procedures. Journal of Applied Psychology, 71, 334-339.
14. Burke, M.J., Raju, N.S., Edwards, J.E. and Day, R.R. (1993) Performance scale transformations in utility analysis. Unpublished manuscript, Tulane University, New Orleans.
15. Cabrera, E.F. (1998) Análisis de utilidad: La valoración del impacto financiero de los programas de recursos humanos. Psicológica, 19, 217-236.
16. Cabrera, E.F. and Cabrera, A. (1999) Strategic Utility Analysis. Paper presented at the Annual Meeting of the Academy of Management, Chicago, IL, August.
17. Carson, K.P., Becker, J.S. and Henderson, J.A. (1998) Is utility really futile? A failure to replicate and an extension. Journal of Applied Psychology, 83, 84-96.
18. Cascio, W.F. (1991) Costing Human Resources: The Financial Impact of Behavior in Organizations. Boston: PWS-Kent Publishing Company.
19. Cascio, W.F. and Ramos, R.A. (1986) Development and application of a new method for assessing job performance in behavioral/economic terms. Journal of Applied Psychology, 71, 20-28.
20. Cronbach, L.J. and Gleser, G.C. (1965) Psychological Tests and Personnel Decisions. Urbana, IL: University of Illinois Press.
21. Cronshaw, S.F. (1997) Lo! The stimulus speaks: The insider's view on Whyte and Latham's The futility of utility analysis'. Personnel Psychology, 50, 611-615.
22. De Corte, W. (1994) Utility analysis for the one-cohort selection-retention decision with a probationary period. Journal of Applied Psychology, 79, 402-411.
23. De Corte, W. (1996) Recruitment and retention decisions that maximize the utility of probationary selection to obtain a fixed quota of successful selectees. Personnel Psychology, 49, 399-428.
24. De Corte, W. (1998) Estimating and maximizing the utility of sequential selection decisions with a probationary period. British Journal of Mathematical and Statistical Psychology, 51, 101-121.
25. Hazer, J.T. and Highhouse, S. (1997) Factors influencing managers' reactions to utility analysis: Effects of SDy method, information frame, and focal intervention. Journal of Applied Psychology, 82, 104-112.
26. Hosmer, D.W. and Lemeshow, S. (1989) Applied Logistic Regression. New York: John Wiley and Sons.
27. Hunter, J.E. and Schmidt, F.L. (1982) Fitting people to jobs: The impact of personnel selection on national productivity. In M.D. Dunnette and E.A. Fleishman (eds.), Human Performance and Productivity: Human Capacity Assessment (Vol. 1, pp. 232-284). Hillsdale, NJ: Erlbaum.
28. Hunter, J.E., Schmidt, F.L. and Judiesch, M.K. (1990) Individual differences in output variability as a function of job complexity. Journal of Applied Psychology, 75, 28-43.
29. Huselid, M.A., Jackson, S.E. and Schuler, R.S. (1997) Technical and strategic human resource management effectiveness as determinants of firm performance. Academy of Management Journal, 39, 949-969.
30. Kaplan, R.S. and Norton, D.P. (1992) The Balanced Scorecard measures that drive performance. Harvard Business Review, January/February, 71-79.
31. Kaplan, R.S. and Norton, D.P. (1996) Linking the Balanced Scorecard to strategy. California Management Review, 39, 53-79.
32. Karren, R. and Bobko, P. (1983) Conducting utility analyses: Some methodological concerns. Paper presented at the Annual Meeting of the Academy of Management, Dallas, TX, August.
33. Latham, G. and Whyte, G. (1994) The futility of utility analysis. Personnel Psychology, 47, 31-46.
34. Law, K.S. and Myors, B. (1993) Cutoff scores that maximize the total utility of a selection program: Comment on Martin and Raju's procedure. Journal of Applied Psychology, 78, 736-740.
35. Lezotte, D.V., Raju, N.S., Burke, M.J. and Normand, N. (1996) An empirical comparison of two utility analysis models. Journal of Human Resource Costing and Accounting, 1, 19-30
36. Macan, T.H. and Highhouse, S.H. (1994) Communicating the utility of human resource activities: A survey of I/O and HR professionals. Journal of Business and Psychology, 8, 425-436.
37. Martin, S.L. and Raju, N.S. (1992) Determining cutoff scores that optimize utility: A recognition of recruiting costs. journal of Applied Psychology, 77, 15-23.
38. Morrow, C.C., Jarrett, M.Q. and Rupinski, M.T. (1997) An investigation of the effect and economic utility of corporate-wide training. Personnel Psychology, 50, 91-119.
39. Murphy, K.M. (1986) When your top choice turns you down: The effect of rejected offers on the utility of selection tests. Psychological Bulletin, 99, 133-138.
40. Quartetti, D.A. and Raju, N.S. (1998) A Monte Carlo assessment of estimation in utility analysis. Paper presented at the Annual Meeting of the Society for Industrial and Organizational Psychology, Dallas, Texas, April.
41. Raju, N.S., Burke, M.J. and Normand, J. (1990) A new approach for utility analysis. Journal of Applied Psychology, 75, 3-12.
42. Raju, N.S., Cabrera, E.F. and 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.
43. Rauschenberger, J.M. and Schmidt, F.L. (1987) Measuring the economic impact of human resource programs. Journal of Business and Psychology, 2, 50-59.
44. Reilly, R.R. and Smither, J.W. (1985) An examination of two alternative techniques to estimate the standard deviation of job performance in dollars. Journal of Applied Psychology, 70, 651-661.
45. Roth, P.L. and Bobko, P. (1997) A research agenda for multi-attribute utility analysis in human resource management. Human Resource Management Review, 7, 341-368.
46. Roth, P.L., Segars, A.H. and Wright, P.M. (2000) Utility analysis acceptance research: A review and analysis. Unpublished manuscript, Clemson University.
47. Sands, W.A. (1973) A method for evaluating alternative recruiting-selection strategies: The CAPER model, journal of Applied Psychology, 5 7, 222-227.
48. Schmidt, F.L., Hunter, J.E., McKenzie, R.C. and Muldrow, T. (1979) The impact of valid selection procedures on workforce productivity. Journal of Applied Psychology, 64, 609-624.
49. Taylor, H.C. and Russell, J.T. (1939) The relationship of validity coefficients to the practical effectiveness of tests in selection. Journal of Applied Psychology, 23, 565-578.
50. Ulrich, D. (1997) Human Resource Champions: The Next Agenda for Adding Value and Delivering Results. Boston: Harvard Business School Press.
51. Weekley, J.A., Frank, B., O'Connor, E.J. and Peters, L.H. (1985) A comparison of three methods of estimating the standard deviation of performance in dollars. Journal of Applied Psychology, 70, 122-126.
52. Whyte, G. and Latham, G. (1997) The futility of utility analysis revisited: When even an expert fails.