Assignments
Solve problems 2-3 in the Exercises section of chapter 9.
Investing in People
Problem #2
–
Jim Hill is the manager of subscriber accounts for the prosper Company. The results of a job analysis indicate that Jim’s job includes four principal activities. A summary of Jim’s superior’s ratings of the activities and Jim’s performance of each of them as follows:
Principal
Activity
|
Time
Frequency
|
Importance
|
Jim’s performance
(0-2)
|
1
|
4.5
|
3
|
1.00
|
2
|
3.0
|
5
|
2.00
|
3
|
6.0
|
2
|
0.50
|
4
|
1.0
|
7
|
1.00
|
Assuming Jim is paid $62,000 per years, use CREPID to estimate the overall economic value of his job performance.
For problem 2, please use the table above instead of the one provided in the textbook.
Problem #3 –
Assume that an average SWAT team member is paid 55,000 per year. Complete the following questionnaire. Then use the result to estimate by means of the superior equivalents technique.
**For the purpose of this questionnaire, a “Superior” SWAT team member is the one whose performance is better than about 85 percent of his fellow SWAT team members. Please complete the following item.
I estimate that all else being equal, ______________ “superior” SWAT team members would be about to 20 “average” SWAT team members.
DO NOT USE THE SOFTWARE ASSOCIATED WITH THE TEXTBOOK. PERFORM ALL YOUR CALCULATIONS BY HAND OR USING EXCEL.