Making Mergers Work: The Strategic Importance of People - Softcover

Towers, Perrin, Foster & Crosby, Inc.

Softcover

ISBN 10: 1586440411 ISBN 13: 9781586440411

Publisher: Society For Human Resource Management, 2004

Synopsis

Presenting the results of a Towers Perrin worldwide survey of more than 400 human resource executives, this book reveals the challenges that companies face during the merger and acquisition process. It concludes that the most common reason mergers fail is people-related issues. A case is made that strategic people management is as crucial to a successful merger or acquisition as a sound strategy or fair valuation. Tips are provided on how best to handle clashes of culture, management disagreements about the future of the new company, loss of productivity, loss of key talent, and managing change. An argument is made that human resources executives should be included in decision making throughout the merger process, not just after the fact.
The partnership between SHRM Foundation and Towers Perrin that produced the M&A survey is proud to introduce you to the newly published book, Making Mergers Work: The Strategic Importance of People. The book combines the results of the survey and Towers Perrin's vast experience in the field of mergers, acquisitions, spin-offs, joint ventures and similar deals. And, like the survey, it focuses on the current and ideal roles of human resource professionals in those corporate transformations.

Making Mergers Work goes beyond the information and opinions gleaned from our sample of HR executives and offers prescriptions for solving the problems cited in the survey.

There are chapters on every aspect of mergers and acquisitions including:
- An overview of M&A trends
- The M&A life cycle model
- The pre-deal stage
- Due diligence
- Integration planning
- HR technology issues
- Implementation issues
- Transforming the HR organization
- M&A in the new millennium

In addition, we offer appendices on change management, communication and measurement, globalization, executive compensation, total rewards, employee benefit plans and sales and marketing (within an M&A context).

In every chapter and appendix, we take an in-depth approach. One of my colleagues described Making Mergers Work as "a textbook for an MBA in M&A." There is, of course, no such degree, but—like those graduate level courses—this book offers a variety of carefully researched case studies. We provide real-world examples, showing what was done right and what wasn't.

We also offer practical advice for HR professionals in every stage of M&A's. And—perhaps even more important—we suggest ways in which those professionals can convince top management of the vital significance of human resource issues in M&A's and the advantages of providing a place at the table for HR executives, right from the start of every deal.

About this title

About the Author

Towers, Perrin, Foster & Crosby, Inc., is one of the world’s largest management and human resources consulting firms. It focuses on business issues of managing the investment in people, improving performance, human resource strategy and management, change and culture, total rewards, compensation and benefits, HR technology, administration, and communication. The firm has more than 9,000 employees and 78 offices in 74 cities worldwide. Jeffrey A. Schmidt is the managing director for innovation and research at Towers Perrin. He has nearly 25 years of consulting experience and has served as a member of Towers Perrin’s Board of Directors.

Review

"A breakthrough book on mergers and acquisitions...this book is the next reference that should be added to your library." —Robert M. Placko, corporate vice president and director of human resources, N.W., Motorola


"Meaty, deep, and probing. . . . A valuable addition to the merger literature." —Financial Executive Magazine


"An essential guide for HR and the management team at every step in the M&A process." —Libby Sartain, SPHR, CCP; senior vice president, people; Yahoo Inc.

Edition details

• Publisher: Society For Human Resource Management
• Publication date: 2004
• ISBN 10: 1586440411
• ISBN 13: 9781586440411
• Binding: Paperback
• Language: English
• Number of pages: 306
• Editor: Schmidt Jeffrey A.