A Human Resource Manager Needs to Develop Job Specifications for a New

question 106

Essay

A human resource manager needs to develop job specifications for a new position at her firm. She can either base the job specifications on statistical analysis or on common sense. Briefly describe each method, and recommend which method the HR manager should use.

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Definitions:

Gross Profits

The difference between the revenue a company earns from selling its products or services and the cost of goods sold.

Payoff Table

A matrix that outlines the various outcomes of strategies or decisions given differing conditions or states.

States of Nature

Various possible scenarios or outcomes in a decision-making problem that are not controlled by the decision maker.

Gross Profits

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.