A note on the economic utility of generalized validity coefficients in personnel selection
Article Abstract:
This study compared economic utility estimates that were based on noninteractive, interactive, independent multiplicative, and Taylor Series Approximation (TSA) 1 and 2 validity generalization results for clerical selection procedures at a large international manufacturing company. On the basis of estimates of the mean true validity and lower bound 90% credibility value, magnitude and percentage differences in resulting utility estimates across validity generalization procedures were relatively small for almost all comparisons. Regardless of the specific validity generalization parameter estimate used in estimating a utility value, the change in economic utility, going from the organization's current selection procedure (i.e., a verbal ability test) to an alternative procedure, was sizable in most cases. These results clearly demonstrate the practical similarity in utility terms of alternative validity generalization procedure results as well as the sizable economic value of minimum-level generalized validity coefficients. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1989
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Assessment of the structural validity of Holland's model with job analysis (PAQ) information
Article Abstract:
Holland's person-environment congruence theory of vocations has been tested in numerous studies. In this study, the structural validity of Holland's model was tested with job analysis information. Multiple discriminant analyses of the 13 overall Position Analysis Questionnaire (PAQ) mean profile scores derived from 2,770 job analyses representing 86 jobs were used to differentiate vocational types. Results revealed that the dimensions of environmental awareness, decision and communication responsibilities, and clerical activities were most predictive of vocational type. In addition, realistic and conventional jobs were more predictable than investigative, artistic, social, and enterprising jobs. The findings are discussed in the context of using job analysis data to make assessments of vocational structure. (Reprinted by permission of the publisher.)
Publication Name: Journal of Applied Psychology
Subject: Social sciences
ISSN: 0021-9010
Year: 1991
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