In your own words, explain the meaning of the concept of SDy and why it’s important for HR Analytics.

Complete the Chapter 9 Exercise #5 (p. 322) using the calculator on http://iip.shrm.org. Answer the following questions: In your own words, explain the meaning of the concept of SDy and why it’s important for HR Analytics. What did you find when you used the CREPID method to estimate the overall economic value of Jim Hill’s job performance in the exercise? What are the pros and cons of this method compared to Global Estimation?

Note: For the 2nd edition of the textbook, this is Chapter 9 Exercise #2 (p. 250).

Complete the Chapter 10 Exercise #3 (p. 352-353) using the “Enhanced Selection” calculator at http://iip.shrm.org.  Answer the following questions: Should Top Dollar Co. adopt the assessment center to select middle managers? What payoffs can be expected in total, per selectee, and per selectee in the first year using the Brogden-Cronbach-Gleser Utility Calculator? How is this use of analytics in HR useful?

There is a typo in the 3rd edition of the book, which points you to equation 10-6 when, in fact, it is equation 10-5. It is equation 10-6 in the 2nd edition.

Note: For the 2nd edition of the textbook, this is Chapter 10 Exercise #3 (p. 279).