To gain a competitive edge, firms frequently merge and acquire each other, combining their activities and pooling their market shares. Mergers and acquisitions, while inherently risky, provide enormous potential for growth that can’t be achieved as quickly through organic, incremental development. This practice has become so common that a recent EY survey revealed that 52% of respondents are planning to actively pursue mergers and acquisitions (M&A) in the next 12 months. When implementing an M&A, most companies focus on financials.
But success often depends on aligning the people, organizational, and cultural assets of the new entity. In the final analysis, HR can make or break an M&A. That’s why a Global PEO can drastically simplify HR administration during mergers and acquisitions — ultimately contributing to their success.