Predictors and Hiring Decisions Executives at an electronics company want to ensure the validity of

Predictors and Hiring Decisions

Executives at an electronics
company want to ensure the validity of their “selection batteries”
(predictors and or tests used to make hiring decisions) They also want to
ensure that their selection batteries are useful and cost-efficient

The utility of predictors and or
tests used to make hiring decisions is determined by a number of factors,
including:

Decision accuracy

The base rate of successful
employees

Selection ratio

Cost

I need help in determining the
impact of high unemployment on each factor

What are the effects of having a
large applicant pool for a small number of available jobs on each factor?

Which is the most important ?
validity or utility? Do organizations value validity and utility equally?