ESTABLISHING TEST UTILITY

• a statistical method used to determine the usefulness of a selection test in predicting job performance based on the test scores of current employees

  Taylor-Russell Tables
• 3 information needed 1. Criterion validity 2. Selection 3. Base rat
• a statistical method that assesses the accuracy of a selection device by comparing the number of correct hiring decisions made using the device to the total number of hiring decisions made

  Proportion of Correct Decisions
• a method that involves SMEs rating job tasks or behaviors on their importance for successful job performance, to assess the validity of selection tools for a specific job.

  Lawshe Table
• a formula used to calculate the economic value of a selection device by comparing the costs and benefits of using the device in the selection process

  Broden-Cronbach-Glesser Utility Formula