Successful mergers and acquisitions rely on a prepared workforce

Mergers and acquisitions continue to be popular with companies seeking rapid growth and prosperity in the 21st century marketplace. Combining companies with different structures, systems and cultures is a complex and sensitive task and many mergers and acquisitions do not achieve the desired outcome. Successful organisational change often hinges on the resilience, enthusiasm and flexibility of the workforce. It should come as no surprise then that companies going through a merger or acquisition often find their biggest challenge is retaining key staff.

A clash of cultures is always a risk in a merger or acquisition and can cause stress, especially when the organisations in question differ widely in aims and practices, as in the privatisation of a government body. Strong leadership and guidance is key to retaining staff, and management communication needs careful consideration. Businesses often speak of major organisational change in financial terms and while the ultimate goal may be improving the bottom line, it is essential that employees are made aware of other direct and tangible benefits.

Leadership is vital when a merger or acquisition results in staff cutbacks. Ensuring a smooth transition into their next career for those moving on and minimising the stress and trauma for those staying on, will guarantee a solid corporate reputation. Training and career development may also be needed for those who are changing roles or taking on additional responsibilties.

Lee Hecht Harrison have a wealth of experience in assisting with major organisational changes such as mergers and acquisitions. Our leadership training and career transition services are tailored to the needs of diverse organisations and individuals and will assist in ensuring that such complex projects are dealt with smoothly and professionally.