Tuesday, February 1, 2011

Merging Cultures and Policies

HR Professionals in merging companys may face challenges of alligning cultures. This article provides some real-world examples of merging companies and HR's approach to alligning key policies.

Key points to remember:
- assessnent and inventory (gain a better understanding about the impact and ensure changes are necessary)
- communication and transparency (ease uncertainty and fear, and squash rumors)
- empower employees (reduce resistance to change through employee participation, when possible)

Key Terms
This week’s HR terminology includes:

The Four Stages of a Merger or an Acquisition process:
Pre-Deal - acquirer searches for or asseses potential targets and develops a plan for executing the deal.
Due Diligence - makes offer and ensures deal is strategically and economically sound
Integration Planning - creates comprehensive plan for integrating two organizations
Implementation - builds on all the planning that has gone before

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