This utility model extends the BCG model with additional financial variables.
Usage
utilityB(n = 1, sdy, rxy = NULL, uxs = NULL, sr = NULL, pux = NULL, cost = 0, period = 1, v = 0, tax = 0, i = 0)
Arguments
n
The size of the applicant pool
sdy
The standard deviation of performance in monetary units.
rxy
the correlation between the predictor composite and the criterion.
uxs
The average predicter score of those selected. If the uxs is
unknown, the sr argument can used instead.
sr
A selection ratio or a vector of selection ratios.
pux
The expected average criterion score of selected applicants.
cost
The cost per applicant of a selection system.
period
The anticipated tenure of selected employees.
v
The proportion of new costs to new revenue (i.e. sc/sv).
tax
The marginal tax rate.
i
Discount rate.
Value
Estimated gain in utility.
References
Boudreau, J.W. (1983). Economic considerations in estimating
the utility of human resource productivity improvement programs.
Personnel Psychology, 36, 551-576.