A Model for Personnel Recruiting and Selection

Richard C. Kao and Thomas C. Rowan
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Richard C. Kao: System Development Corporation
Thomas C. Rowan: System Development Corporation

Management Science, 1959, vol. 5, issue 2, 192-203

Abstract: This paper presents a mathematical model for determining a minimum cost strategy for the following personnel recruiting and selection situation. A quota is set for the minimum number of good employees to be added each period, and selection is done on the basis of a test having a known correlation with the given criterion of job success. There is a total cost for all individuals recruited and a loss attached to each person hired who turns out to be unsatisfactory. The problem is to determine a minimum acceptable score on the selection test and the number of persons to be recruited which will yield a minimum cost, including loss, as well as satisfy the prescribed quota at a given probability level.

Date: 1959
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:5:y:1959:i:2:p:192-203

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