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