As an Amazon Associate I earn from qualifying purchases.

What is Correlation Coefficient in HRM? PDF Download

Learn Correlation Coefficient definition in hrm with explanation to study “What is Correlation Coefficient”. Study correlation coefficient explanation with HRM terms to review HRM course for online MBA programs.

Correlation Coefficient Definition:

  • Index number that gives the relationship between a predictor and a criterion variable.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Correlation Coefficient Explanation:

The correlation coefficient is a factual measure that ascertains the quality of the connection between the overall developments of two factors. The qualities extend between - 1.0 and 1.0. A determined number more prominent than 1.0 or not exactly - 1.0 implies that there was a blunder in the connection estimation. A connection of - 1.0 demonstrates an ideal negative relationship, while a connection of 1.0 demonstrates an ideal positive relationship. A connection of 0.0 demonstrates no connection between the development of the two factors. There are a few kinds of relationship coefficients however the one that is most regular is the Pearson connection (r). This estimates quality and course of the direct connection between two factors. It can't catch nonlinear connections between two factors and can't separate among needy and autonomous factors.

Keep Learning HRM Explanations

What is Job Rotation?

Job rotation is where workers turn between employments at a similar business. Representatives take on new assignments at an alternate ...

What is Attitude Survey?

Atitiude survey tries to comprehend and assess the buyers' (clients and non-clients) demeanor towards a specific item/administration/thought. Such a demeanor ...

What is Profit Sharing?

Profit sharing alludes to different motivator plans presented by organizations that give immediate or aberrant installments to workers that rely ...

What is Entitlement Philosophy?

Entitlement philosphy alludes to ownership and use of data about events, examples, patterns, and connections inside an association's inner and ...

What are Perquisites (Perks)?

Advantages or Perquisites allude to a benefit, advantage or an office that a representative appreciates notwithstanding the standard pay. Ordinarily, ...

What is 4-5th Rule?

The four-fifths principle endorses that a choice rate for any gathering (arranged by race, direction or ethnicity) that is under ...