8,563 research outputs found
How Can Multinational Corporations Retain Their Employees in China?
To address the headache encountered by many multinational companies in China retention of their Chinese employees, this study first examined the current Chinese labor market, identifying the unique characteristics of the market mainly comprised of university graduates and experienced white-collar employees; then tried to explain the reasons behind employees departures from a perspective of deep-rooted Chinese cultures; in the end, proposed effective and efficient solutions for retention purposes. All the proposed solutions aim to address key human resources management concerns, including compensation management, talent acquisition, performance management and communication. This study examined the best practices in employee retention adopted by a large number of successful multinational players in the Chinese market. Some of the names from the list are IBM, Motorola, Intel, HSBC, Shell and British Petroleum (BP)
Covariate assisted screening and estimation
Consider a linear model , where and .
The vector is unknown but is sparse in the sense that most of its
coordinates are . The main interest is to separate its nonzero coordinates
from the zero ones (i.e., variable selection). Motivated by examples in
long-memory time series (Fan and Yao [Nonlinear Time Series: Nonparametric and
Parametric Methods (2003) Springer]) and the change-point problem (Bhattacharya
[In Change-Point Problems (South Hadley, MA, 1992) (1994) 28-56 IMS]), we are
primarily interested in the case where the Gram matrix is nonsparse but
sparsifiable by a finite order linear filter. We focus on the regime where
signals are both rare and weak so that successful variable selection is very
challenging but is still possible. We approach this problem by a new procedure
called the covariate assisted screening and estimation (CASE). CASE first uses
a linear filtering to reduce the original setting to a new regression model
where the corresponding Gram (covariance) matrix is sparse. The new covariance
matrix induces a sparse graph, which guides us to conduct multivariate
screening without visiting all the submodels. By interacting with the signal
sparsity, the graph enables us to decompose the original problem into many
separated small-size subproblems (if only we know where they are!). Linear
filtering also induces a so-called problem of information leakage, which can be
overcome by the newly introduced patching technique. Together, these give rise
to CASE, which is a two-stage screen and clean [Fan and Song Ann. Statist. 38
(2010) 3567-3604; Wasserman and Roeder Ann. Statist. 37 (2009) 2178-2201]
procedure, where we first identify candidates of these submodels by patching
and screening, and then re-examine each candidate to remove false positives.Comment: Published in at http://dx.doi.org/10.1214/14-AOS1243 the Annals of
Statistics (http://www.imstat.org/aos/) by the Institute of Mathematical
Statistics (http://www.imstat.org
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