"compile a shortlist" is correct and can be used in written English.
You can use it when you want to indicate that you are putting together a list of items. For example: I'm compiling a shortlist of potential new employees to interview next week.
(American employers must not discriminate on grounds of sexuality when hiring, but can ask search firms to compile a shortlist of candidates that includes specific types of diversity).
When all of the players' responses have been received, GB coach Hope Powell will then compile a shortlist of players in March and announce her final squad in July.
When all of the players' responses have been received, Powell will compile a shortlist of players in March and announce her final squad in July, and Smith has every faith that the coach will pick the right players to take on the best teams in the world.
And, surely, one you use in compiling a shortlist for a major literary prize?
THE 6th FLOOR The blog run by The New York Times Magazine has compiled a shortlist of the best long-form journalism in The Times this week.
He flew to Mumbai to meet Mistry in early April and again in May, when the company was compiling a shortlist of bidders.
In one significant change, what used to be called the "average score system" for compiling a shortlist has been dumped in favor of preferential voting, not by committees, but by the entire documentary branch, which currently has 157 members.
Blackburn denied last week that Gary Bowyer had been sacked and he remains in situ but, with the club compiling a shortlist of potential successors, he may not for much longer.
In a statement, the club wished Clark well for the future and said they are in the process of compiling a shortlist as they search for a replacement.
Compiling a shortlist of 110 players - comprising 10 goalkeepers, 40 defenders, 40 midfielders and 20 strikers - was in itself no easy task.
I've compiled a shortlist of some American filmmakers who are returning this year with new features and shorts.
