Asked by Arely Arlyn Martinez on Sep 23, 2024

Calculating the economic value of any HR practice is:

A) extremely difficult
B) fairly easy
C) unnecessary if the practice has a low dollar value
D) necessary only if cost estimates must fall within budgetary constraints
E) none of the above

Economic Value

The worth of a good or service determined by the market forces of demand and supply, or the utility it provides to individuals or society.

  • Promote the monetary importance and applicability of appraisal centers and different selection mechanisms.