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iopsych (version 0.90.1)

utilityRbn: Raju-Burke-Normand Utility Model

Description

This utility model uses SD of job performance ratings rather than the SD of job performance in monetary units.

Usage

utilityRbn(n = 1, sdr, a, rxy, uxs = NULL, sr = NULL, pux = NULL, cost = 0, period = 1)

Arguments

n
The size of the applicant pool.
sdr
The standard deviation of ratings of job performance.
a
The average total compensation.
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.

Value

Estimated gain in utility.

References

Raju, N.S., Burke, M.J. and Normand, J. (1990). A new approach for utility analysis. Journal of Applied Psychology, 75, 3-12.

Examples

Run this code
utilityRbn(sdr=10000, a=90000, rxy=.50, sr=.30)

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