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Mergers & acquisitions are ways for companies to grow, acquire talent, and technologies or obtain synergies. Whatever the reason your organization might have, chances are, as an HR professional, youll encounter at least a few acquisitions throughout your career. HR can add a lot of value during the acquisition process and certainly should be involved. Here are the top 5 mistakes to avoid that are within HRs control. Doing so adds value by creating a much better experience for all parties involved: the acquired company, the acquiring business unit, and, for HR itself.
No. 5: Underestimating the time, work that acquisitions & integration require
Acquisition work is a full-time job. To be effective and successful, you need fully dedicated resources that can really understand all the dynamics and complexities of the deal, execute in extremely tight timeframes, be able to respond to sudden changes and unexpected situations, and solve problems effectively and quickly. Having built-out processes, templates and proven integration and communication plans is invaluable. Awareness and taking action on these common mistakes will make your acquisition integration much more successful and show the rest of your business just how much of an impact HR can really have.