Chapter 14. The Value of Good Employees

The Best is Twice as Good as the Worst

  1. Mark Cook

Published Online: 30 JUN 2010

DOI: 10.1002/9780470742723.ch14

Personnel Selection: Adding Value Through People, Fifth Edition

Personnel Selection: Adding Value Through People, Fifth Edition

How to Cite

Cook, M. (2008) The Value of Good Employees, in Personnel Selection: Adding Value Through People, Fifth Edition, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9780470742723.ch14

Publication History

  1. Published Online: 30 JUN 2010
  2. Published Print: 22 OCT 2008

ISBN Information

Print ISBN: 9780470986455

Online ISBN: 9780470742723

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Keywords:

  • value of good employees;
  • workers varying in productivity - as to how much these differences are worth;
  • Rational estimates (RE);
  • distribution of employee productivity - percentile points in RE techniques;
  • productivity - is it being normally distributed;
  • calculating return on selection;
  • utility theory estimates of savings - by good selection being over-optimistic;
  • utility estimates impressing managements;
  • applicants' preferences for selection methods - US survey of perceived invasion of privacy by selection tests;
  • POF as selection test and person organization fit (POF)

Summary

This chapter contains sections titled:

  • Introduction

  • How much does worker productivity vary?

  • How much is a productive worker worth?

  • Calculating the return on selection

  • Proving selection really adds value

  • The applicant's perspective

  • Fit

  • Key points

  • Key references