Table 2
Summary of Time Allocated to Human Capital Valuation Methods by Venture Capitalists (N = 86)

Method (hours)

M

SD

Low

High

1. Work sample

63.9

60.6

4.0

290.0

2. Reference interviewing

19.8

22.1

0.0

134.5

3. Past-oriented interviewing

16.8

19.9

0.0

100.0

4. Documentation analysis

3.7

4.4

0.0

22.0

5. Job analysis

3.6

15.8

0.0

100.0

6. Psychological testing

0.1

0.9

0.0

   8.0

7. Formal assessment center

0.0

   0.0

0.0

0.0

Total time allocated to human capital
valuation methods

120.1

100.2

14.9

448.0

Note:  Respondents performed written job analyses in 21.4% of the cases. Psychological tests were used in 3.0% of the cases.