This model calculates the utility of an intervention accepting d rather
than rxy as an argument.
Usage
utilityShp(n = 1, sdy, d, cost = 0, period = 1)
Arguments
n
The number of employees involved in the intervention.
sdy
The standard deviation of performance in monetary units.
d
The difference in job performance between the group recieving a
treatment and the group not recieving a treatment, expressed in
standard deviation units.
cost
The cost of the intervention per participant.
period
The anticipate duration of the training effect.
Value
Estimated gain in utility.
References
Schmidt, F. L., Hunter, J. E., & Pearlman, K. (1982). Assessing
the economic impact of personnel programs on workforce productivity.
Personnel Psychology, 35(2), 333-347.