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Assessing the Utility of Stochastic Employee Movements
Author(s) -
Barrick Murray R.,
Alexander Ralph A.
Publication year - 1991
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1991.tb01269.x
Subject(s) - value (mathematics) , human resource management , differential (mechanical device) , value of information , employee motivation , computer science , operations research , business , knowledge management , marketing , mathematics , artificial intelligence , machine learning , engineering , aerospace engineering
This article illustrates the substantial effects employee movements (i.e., movements due to employee promotions, transfers, and separations) have on the value of a human resource intervention. Two methods for estimating differential employee movements are presented and their resulting utility estimates are contrasted and compared. Finally, the advantages and disadvantages of each procedure are discussed as well as the value such information provides to organizational decision makers.