München als Industriestadt

Procedures in employment psychology

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Monograph

Identifikator:: 885239911

URN:: urn:nbn:de:zbw-retromon-6094

Document type:: Monograph

Author:: Respondek, Erwin http://d-nb.info/gnd/119085046

Title:: Frankreichs Bank- und Finanzwirtschaft im Kriege

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1917

Scope:: 1 Online-Ressource (XVI, 203 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

XVIII ECONOMIC VALUE OF THE EXAMINATIONS Necessity for comparison of old and new methods of selection. Relative predictive accuracy. Relative economic value. WILL it pay to use the scientific selection method? The relative cost of installing and using improved methods of selecting employees and the economic savings to the man- agement which follow from their adoption are matters which the investigator cannot ignore. He may have established the validity of the new methods, but to justify their installa- tion he must interpret them to the management in economic terms. He will be asked, first, whether the new methods give more dependable predictions than the old, and second, whether the net savings are greater in view of relative cost. To answer the first of these questions, the investigator must compare the validity of the new method of selecting employees with the one previously in use. The same stand- ards of evaluation must be applied to both. It is possible that the old method may have greater accuracy than the new. There are grounds for believing that a scientific method of selection has greater validity than an unscientific one, but it is unscientific to make an a priori assumption to this effect. The second question requires for its answer a comparison of methods from the economic standpoint. The investigator should estimate, as well as available cost data permit, the relative expense of administering the old and the new pro- cedures and the savings which the use of the more valid method makes possible. In making his report to the management, the investigator’s case for scientific selection must be presented from these two 21K

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