Mergers or Acquisitions require thorough analysis and due diligence, including in the HR space. Budgeting the HR aspects of a M&A exercise, preparing the alignment of compensation and benefits, managing social dialogue and communication plans is what VISTIM’s Partners have been able to help guide large companies through.
Beyond the formal process it is important to prepare the management team for the times ahead and the people management challenges usually faced at the time of the integration. They are ways to support employees through changes while maintaining engagement, trust and performance.
This could be through the creation of two-ways dialogue channels, joint working groups of the two companies to address early on the cultural changes or adjustments that invariably impact such events and is of the utmost importance to ensure employees’ wellbeing and retention, perhaps also through retention plans for key talent.