In Frankenstein, Mary Shelley said, “Nothing is so painful to the human mind as a great and sudden change.” Ask any HR professional about the last merger, acquisition, or divestiture he or she conducted, and you’ll hear the same thing: Large-scale changes create uncertainty; trust issues; and, as one professional put it, “People issues out […]
For business owners and executives, mergers and acquisitions (M&As) can be an exciting time to achieve rapid growth and even smash goals that otherwise would have been unattainable.
When an organization is involved in a merger or an acquisition, the entire situation can be distressing for everyone. Suspicions run high in both organizations, and even the best-running company culture can run aground during those difficult times. I recently spoke with Jill Penrose, Senior Vice President of Human Resources at The J.M. Smucker Company, […]
HR has a significant role to play in helping to ensure a merger is effective. Talent management and cultural issues have the power to support or derail virtually any corporate marriage. Employees are understandably wary when organizations announce a merger; left unchecked, suspicion, misinformation, and layoff fears can delay the anticipated benefits of a merger […]
During mergers and acquisitions (M&A), one aspect of the transaction that is often overlooked is an effective communications strategy to the audience most responsible for a company’s success: its employees. According to a recent report published by Deloitte, 75% of corporate executives and private equity investors expect M&A activity to increase in 2017, both in quantity of transactions as well as deal size.
The greatest pain points for companies going through a merger or acquisition (M&A) are meshing technology and staff, recent research shows. In the Robert Half Management Resources survey, Chief Financial Officers report business systems and employees and corporate culture are the hardest parts of an integration and where the most mistakes are made. “The time, […]
A recent court decision reminds plan sponsors that mergers and acquisitions can trigger unexpected or complex changes to participant benefits that rely on careful plan language interpretation. In the case, some former employees of an Anheuser-Busch subsidiary were granted enhanced pension benefits as a result of the controlling company’s purchase by InBev because their employment […]