Talent Management During Mergers Acquisitions How to bridge

Talent Management During Mergers & Acquisitions

How to bridge the gap: Culture Communication Key Talent Identification & Retention Employee Knowledge The Leadership Key

Why is culture important?

How will you communicate? �Employees are starving for information. �What communication channels will you utilize? �How frequently will you communicate & what you communicate are critical. �Key communication plans �Existing employees �Merger employees �Between letter of intent and close date �After close date

Who are your key management? �Swift assessment needed: �Identification and determination of skill set, capabilities �Compensation & outplacement packages �Management succession plans �Impact to organization � Involuntary terminations � Voluntary terminations � Reassignment �Full understanding the company organizational chart

Who are your key talent? �Swift assessment needed: �Identification and determination of skill set, capabilities �Compensation packages �Impact to organization � Involuntary terminations � Voluntary terminations � Reassignment �Develop retention program �Retention packages �Communication plan

How do you retain talent? �Early communication on key topics: �Health & Welfare, and Retirement benefits �Vacation & Holidays �Payroll calendar �Severance packages & outplacement assistance �Dress code �How the company will be run �Identify & communicate who leadership is �Let them know as soon as possible the status of their employment

How do you retain talent? �Retention Program �Determine severance program & outplacement assistance �Determine what type of retention pay plans � Who will be eligible � Level of payments � Type of payments � Requirements for and timing of payments �Are you relocating operations? � Communicate intent and implement retention program � Communicate severance packages, outplacement assistance � Make offers with relocation packages and provide severance & retention packages quickly � Provide trips to new facility to tour facility, provide information on schools, community, quality of life

How to retain talent? �Engage leadership �Interviews with affected employees �Use to deliver communications � Provide talking points and FAQ documents �Ensure leadership is aware that people connect with people � Honest & frequent communication � Allow questions and answer in a open manner � Keep negative reactions to poor process or surprises to a minimum

How to retain talent? �What next? �Change management � Culture alignment and adoption � Mission, Purpose & Values � Unwritten rules � Leadership changes � Process & procedure changes

Talent Management During Mergers & Acquisitions Questions?