HR managers need to be ready for mergers & acquisitions
Merger and acquisition activity in Australia will increase during 2011 – but will the human resource departments be ready?
Nearly 80% of Australian mergers, acquisitions and re-organisations do not achieve their objectives.
One of the main reasons for this poor success rate is the failure of executive management to adequately address the critical role of human capital capability.
The focus of senior executive management and their external advisors on essential financial and legal matters can cause critical human resource factors to be sidelined, significantly increasing the risk of failure of merger, acquisition and re-organisation initiatives.
Les Pickett is Ambassador for Tomorrow’s Company. Tomorrow’s Company is a UK based business led international think tank. Our vision is to create a business future that makes equal sense to staff, shareholders and society.
Les Pickett is an adjunct of Victoria University, member of the Australian Government Consultative Committee on Knowledge Capital, member of the International Board of Advisors International Public Management Association for Human Resources, former Deputy Director United Nations System Staff College, Past National President Australian Institute of Training and Development, Past Chairman Executive Board International Federation of Training and Development Organisations and International President Institute of Business Administration.
