How better personnel selection can reduce factory costs

Abstract

The body of a report submitted to an industrial concern considering the installation of a testing program for job applicants is presented. Considering productivity, and turn-over of various job groupings in the plant, it is estimated that $12,000 a year can be saved with the program, assuming rejection of 1 out of 10 applicants and a validity coefficient of .40 between the psychological aides used and productiveness. (PsycInfo Database Record (c) 2025 APA, all rights reserved)