utilityShp: Schmidt-Hunter-Pearlman Utility Model.

In iopsych: Methods for Industrial/Organizational Psychology

Description

This model calculates the utility of an intervention accepting d rather than rxy as an argument.

Usage

utilityShp(n = 1, sdy, d, cost = 0, period = 1)

Arguments

n	The number of employees involved in the intervention.
sdy	The standard deviation of performance in monetary units.
d	The difference in job performance between the group recieving a treatment and the group not recieving a treatment, expressed in standard deviation units.
cost	The cost of the intervention per participant.
period	The anticipate duration of the training effect.

Value

Estimated gain in utility.

Author(s)

Allen Goebl and Jeff Jones

References

Schmidt, F. L., Hunter, J. E., & Pearlman, K. (1982). Assessing the economic impact of personnel programs on workforce productivity. Personnel Psychology, 35(2), 333-347.

Examples

utilityShp(sdy=10000, d=.50, period=4)

iopsych documentation built on May 2, 2019, 2:27 p.m.