What Organizational Changes Have Companies Experienced upon Eliminating Ratings within their Performance Management System?

[Excerpt] Over the past decade, organizations have begun to move away from traditional performance management processes (annual reviews, assigned performance ratings, a link to compensation) to remove “performance ratings” based on the perception that traditional PM is not working. As of 2015, more than 55 companies have removed performance ratings. Among those are some high-profile companies such as GE, Microsoft, Accenture, etc. (see Appendix A). According to a study of 244 companies in 2016, almost all companies in the study use ongoing feedback, 52% of companies have adopted ratingless reviews, and 34% of companies use ratingless reviews and ongoing feedback. 80% of participating organizations say that managers make decisions how to allocate rewards without ratings while staying within budget constraints. The perceived impact of these new performance practices is high: 90% of companies that have redesigned performance management see direct improvements in engagement, 96% say processes are more simple, and 83% say they see the quality of conversations between employees and managers increasing. It is noteworthy that the positive impact may not all be attributed to the removal of performance ratings

Corporate Governance and Corporate Performance: Some Evidence from Newly Listed Firms on Chinese Stock Markets

This paper is concerned with some corporate governance issues related to newly listed firms in China based on a sample of 329 firms commencing listing on Shanghai Stock Exchange (SHSE) and Shenzhen Stock exchange (SZSE) during the period from 1998 to 2000. We first investigate the impact of ownership change due to stock market listing on corporate performance. We consider four aspects of corporate performance: profitability, sales, leverage and employee productivity. Our research results indicate that, on average, profitability, sales and employee productivity have improved from pre-listing to post-listing. We further investigate the impacts of state majority control, foreign ownership and regulation effects on corporate performance. Overall, this paper provides some new evidence on the listing effect, ownership structure and regulation effect on Chinese firms which will be valuable to the future reform of state owned enterprises in China.State owned enterprise, corporate governance, and corporate performance

A Game-Theoretic Framework for Medium Access Control

In this paper, we generalize the random access game model, and show that it provides a general game-theoretic framework for designing contention based medium access control. We extend the random access game model to the network with multiple contention measure signals, study the design of random access games, and analyze different distributed algorithms achieving their equilibria. As examples, a series of utility functions is proposed for games achieving the maximum throughput in a network of homogeneous nodes. In a network with n traffic classes, an N-signal game model is proposed which achieves the maximum throughput under the fairness constraint among different traffic classes. In addition, the convergence of different dynamic algorithms such as best response, gradient play and Jacobi play under propagation delay and estimation error is established. Simulation results show that game model based protocols can achieve superior performance over the standard IEEE 802.11 DCF, and comparable performance as existing protocols with the best performance in literature

Generalized Ehrhart polynomials

Let $P$ be a polytope with rational vertices. A classical theorem of Ehrhart states that the number of lattice points in the dilations $P(n) = nP$ is a quasi-polynomial in $n$. We generalize this theorem by allowing the vertices of P(n) to be arbitrary rational functions in $n$. In this case we prove that the number of lattice points in P(n) is a quasi-polynomial for $n$ sufficiently large. Our work was motivated by a conjecture of Ehrhart on the number of solutions to parametrized linear Diophantine equations whose coefficients are polynomials in $n$, and we explain how these two problems are related.Comment: 18 pages, no figures; v2: Sections 4 and 5 added, proofs and exposition have been expanded and clarifie

Convergence Analysis of the Fast Subspace Descent Methods for Convex Optimization Problems

The full approximation storage (FAS) scheme is a widely used multigrid method for nonlinear problems. In this paper, a new framework to design and analyze FAS-like schemes for convex optimization problems is developed. The new method, the Fast Subspace Descent (FASD) scheme, which generalizes classical FAS, can be recast as an inexact version of nonlinear multigrid methods based on space decomposition and subspace correction. The local problem in each subspace can be simplified to be linear and one gradient descent iteration (with an appropriate step size) is enough to ensure a global linear (geometric) convergence of FASD.Comment: 33 page