Entering into a merger can be challenging for both companies. Whatever your reasoning for the merger, one thing is for sure—change is coming. According to Harvard Business Review, between 70 and 90% of mergers and acquisitions fail. Culture clash may be to blame for this extremely high number.
There are a few things you can do to combat this issue.
There’s a gap in organizational development. We’ve seen it time and time again. Organizational leadership is focused on the wrong areas of their business. We constantly ask leadership to give us a rundown of where they’re spending their time, and it’s typically not focused in the right areas.
With all the headaches that came our way last year, it’s time to consider beefing up your HR team. Along with the normal compliance, people, and cultural issues that come with human resources, there is now a whole new set of potential issues to consider. Is your company really looking at the people in operations who are working toward your greater success? If not, it’s time to start. HR “unicorns” have 20+ different jobs that create success. Our founder and CEO, Kristi Pastore explains a few different HR touchpoints to focus on as you look to the future.
The COVID-19 vaccine has now become widely available in the U.S. As more and more people get the vaccine, employers are asking whether or not the vaccine can or should be required to return to in-person work in the office. With the desire for life to return to normal, some employers think of the vaccine as a way to make employees feel safe as they return back to the office, however, this may bring up greater HR issues that employers may not yet have considered.