Company mergers and acquisitions can provide HR teams with high impact benefits. They can enhance resource capacity, strengthen overall talent and create new opportunities for learning and development. So, how can HR help manage the successful integration of a new business and its employees to achieve these rewards?
People advisory business New Street Consulting Group (NSCG) has just completed the successful acquisition of The Chemistry Group, as it continues to cement its position as a leading people strategy partner to leaders and enterprise businesses.
NSCG CEO Doug Baird lifts the lid on his strategy for successfully integrating the new team into one organisation – an opportunity and a challenge HR may increasingly face in 2024, with more than half of UK firms viewing transactions, such as Mergers and Acquisitions (M&A), as the best way to keep up with the changing business landscape. An M&A is also an effective means of acquiring valuable skills.
Drive clarity and momentum
Cultural alignment between two businesses does not happen overnight. However, without forward momentum and clarity about the change process, you risk losing impetus and allowing uncertainty to fester.
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