The HR department is trying to fill a vacantposition for a job with a small talent pool. Validapplications arrive every week or so, and theapplicants all seem to bring different levels ofexpertise. For each applicant, the HR managergathers information by trying to verify variousclaims on resume, but some doubt about fitalways lingers when a decision to hire or not isto be made. What are the Type I and II decisionerror costs? Which decision error is more likelyto be discovered by the CEO? How does thisaffect the HR manager’s hiring decisions?
The HR department is trying to fill a vacantposition for a job with a small talent pool. Validapplications arrive every week or so, and theapplicants all seem to bring different levels ofexpertise. For each applicant, the HR managergathers information by trying to verify variousclaims on resume, but some doubt about fitalways lingers when a decision to hire or not isto be made. What are the Type I and II decisionerror costs? Which decision error is more likelyto be discovered by the CEO? How does thisaffect the HR manager’s hiring decisions?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
The HR department is trying to fill a vacant
position for a job with a small talent pool. Valid
applications arrive every week or so, and the
applicants all seem to bring different levels of
expertise. For each applicant, the HR manager
gathers information by trying to verify various
claims on resume, but some doubt about fit
always lingers when a decision to hire or not is
to be made. What are the Type I and II decision
error costs? Which decision error is more likely
to be discovered by the CEO? How does this
affect the HR manager’s hiring decisions?
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