What constitutes valid and reliable information under the selection process?
For a selection process to be valid, it must also be reliable. That means the process must measure what it is designed to measure and do so consistently over time. Reliability is measured in terms of both (1) selection scores and (2) on-the-job performance ratings.
What are the 3 things that causes the natural rate of unemployment to change?
What Determines the Natural Rate of Unemployment?
- Availability of job information.
- The level of benefits.
- Skills and education.
- The degree of labour mobility.
- Flexibility of the labour market E.g. powerful trades unions may be able to restrict the supply of labour to certain labour markets.
- Hysteresis.
Which of the following two types of unemployment occur even when the economy is healthy and growing?
When the macroeconomic conditions are healthy—when gross domestic product (GDP) is growing normally—cyclical unemployment will be zero. During those times, the economy will produce its full employment output and all unemployment will be natural unemployment.
What is the main causes of unemployment?
The following are the main causes of unemployment:
- (i) Caste System:
- (ii) Slow Economic Growth:
- (iii) Increase in Population:
- (iv) Agriculture is a Seasonal Occupation:
- (v) Joint Family System:
- (vi) Fall of Cottage and Small industries:
- (vii) Slow Growth of Industrialisation:
- (ix) Causes of Under Employment:
How will you justify the selection of candidates for the shortlist?
Some key points to consider when deciding who to include in your shortlist include:
- Do they have the “must-have” skills/qualifications/experience?
- Do they seem motivated to join the company?
- Does the candidate seem a good fit with the company culture?
- Are you in agreement with the other internal stakeholders?
Can an invalid selection test be reliable?
As you’d expect, a test cannot be valid unless it’s reliable. However, a test can be reliable without being valid. If you’re providing a personality test and get the same results from potential hires after testing them twice, you’ve got yourself a reliable test.
Which two types of unemployment make up the natural rate of unemployment?
Natural unemployment consists of two of the three main types of unemployment: frictional and structural. It explains why there will always be some level of unemployment, even in a healthy economy.
What are the reasons for unemployment in India?
Causes of Unemployment in India:
- Rapid growth of population and increase in labour force.
- Underdevelopment of the economy.
- Slow growth in the agricultural sector.
- Defective system of education.
- Absence of manpower planning.
- Degeneration of village industries.
- Inappropriate technology.
- Slow growth of industrial sector.