– In your own words describe each of the below four methods or approaches given in the Compensatory model used for final selection decisions. Then, in your own words, describe the pros and cons of each.
– Also Find and discuss an article that offers current ideas about the topic of our discussion BE SURE TO PROVIDE AN ACTIVE LINK TO YOUR ARTICLE.
***Please be sure to use your own words***
Clinical Prediction: With this approach ,the final decision is based on the managers expert judgement. With this, the weights aren’t always unambiguous. Managers evaluate the candidate based on their experience and if they are good judges of people’s abilities they can easily select efficient candidates with the help of this method. However, usually many managers cannot judge others accurately and this will lead to detrimental results.
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Cons:
Unit Weighting: This method is simple and straightforward. It involves simply additing the various weightages. Simplicity is the advantage of this mehtod. The disadvantage of this method is that all the predictors may not be equally important.
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Rational Weighting: In this method each predictor is given a differential weighting based on its importance. This is much more efficient that the unit weighting method. However, a manager must be capable of clearly identifying which predictor is more important and how much weightage to be given to it. Slight errors in giving weightages can lead to undesirable results.
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Multiple Regression: In this methods weights are based on multiple regression. This method gives higher validity and utility when compared to weighting methods. It is a better choice when the number of predictors is small, sample size is large and when there is low correlation among the predictors. However, it is somewhat complex to apply.
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***Please be sure to use your own words***
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