MGMT 5830 Exam 2

Formula for SD

sqrt[Σ(X-X1)² / (n - 1)]

Referrals

the "gold standard" for external recruitment

Validity

tool is capturing concept that it's meant to capture

hierarchical mobility

traditional method; may result in undermining competition or "gray ceiling"

Reliability

"measurement repetitions"; repeated questions/administrations/uses of tool by multiple raters

What can vary how an organization connects with applicants?

Passive/active, how much "informed self-selection"

What percentage of managers acquisition of outside talent?

49%

What percentage of managers mention development of internal talent?

63%

Formula of SEM

SD * sqrt(1 - Reliability)

Step 3 of External Recruitment

Maximize applicant reactions

Step 1 of External Recruitment

Maximize employer branding

What is a significant predictor of offer acceptance in event one is given?

Candidate's attention to attributions about organization and how they're treated

Position advertising

Classified ads, banner ads, radio/podcast ads

What factor(s) did Mitch from "The Firm" seem to weigh more heavily in determining the attractiveness of his options?

Compensation

How do you assess how "good" selection tools are?

Consider reliability and validity

What did the firm do poorly in its recruitment of Mitch?

Integrity

Step 2 of External Recruitment

Locate and contact applicants

What are the top recruitment characteristics that correlate with organizational attractiveness?

Timeliness, friendliness, process fairness

Step 4 of External Recruitment

Track indicators of success

Which person-environment fit should be higher with an internal hire than with an external? Demands-abilities fit Supplies-needs fit Value congruence

Values congruence; i.e. Ayers familiar with the South and UGA

alternative mobility

emphasizes on increased learning and more flexibility

mobility paths

possible employee movements within internal structure of organization

Formula for Confidence Interval

r ± (1.50 * 1/sqrt(n))

How do calculate margin of error surrounding tool's score?

± SEM

Which metrics from "Metrics for Better Hire" seem most valuable?

Assessment congruence

What are the top 3 factors that correlate with organizational attractiveness?

Work environment, corporate image, and person-organization fit