Managing Your People During a Merger Today
A KPMG study shows, 83% of the mergers fail. Some organisations embrace mergers almost effortlessly, and then others fail because of softer, but key aspects like ineffective methods of people and culture management. A merger between two organizations can be a rocky path to tread, but if handled well, it can lead to a wonderful road down the line. It is observed often that employees report lower overall satisfaction and engagement with management, post a merger and acquisition.
This is usually due to various factors such as a mismatch in culture, lack of common vision, poor communication, poor governance and weak leadership.
The answers to avoiding these problems are right in front of us, but we just dismiss such solutions as trivial and get deeper into money matters and official training.