The main goal of this research is to find out if the acquisition is the source of uncertainty for employees. Many mergers tend to create anxiety, pressure, uncertainty, which increases their intension to leave the company.
The research was conducted in two factories in manufacturing industry. One of them is located in Midwest and the other in Southwest.
The study started by using Baseline Survey, the next 4 weeks the merger was announced. The following 2 weeks’, 2nd survey was administered and the realistic merger preview program will begin in a week. 3 days’ later, 3rd survey was administered and lastly the final survey was performed.
30 employees were interviewed from each factory after the merger announcement. …show more content…
Bushwhacker is the smaller company which is in a risky situation as changes in gold prices will have a huge impact on the organization wealth. Despite the circumstances, Bushwaker was regarded for its ability to turn non-profit leasers into good earners.
The price of gold is declining but was a good proposal so with its agreement secured, CRL begin looking for more prospects and Bushwhacker was chosen. Success is not always determined by financial figures but also having a high performances team. Most of the Bushwhaker employee came from from CRL who left because they felt domineering and inflexible about the structure and culture.
The Senior HR Manager, Bob Cowdrey of CRL understood the point of view of Bushwhacker team. He has known them since they were juniors and they often got together during functions and discuss about their work. This has helped him as Bob realized that Bushwhacker was the way to operate as Bushwhacker was innovative and quick to response to opportunities.
Key …show more content…
An example is to provide a platform for employees to feedback and give suggestions. This will nurture their loyalty for the company as they know that their voices are being heard. Also, adaptability, flexibility and proper reward system is also vital to protect employee’s interests.
References:
Richards, Leigh. "The Effects of Merger and Acquisition on Employee Morale | Chron.com." Small Business - Chron.com. Accessed January 27, 2014. http://smallbusiness.chron.com/effects-merger-acquisition-employee-morale-3196.html.
Stevens, Symes. "The Role of Human Resources in Mergers & Acquisitions | Chron.com." Small Business - Chron.com. Accessed January 27, 2014. http://smallbusiness.chron.com/role-human-resources-mergers-acquisitions-23589.html.
Harrison, Kim. "Change Communication: Good communication is essential for successful mergers and acquisitions." Cutting Edge PR: Ideas and Information to Boost Your PR Career. Accessed January 27, 2014. http://www.cuttingedgepr.com/articles/changecomm_good_comm.asp.
LMA Consulting Group, Inc. -- Lisa Anderson. "Merger & Acquisition: Integration Key to Success." Accessed January 27, 2014.