Post-Merger Integration Checklist: Part Two, Redundancies Create a plan for onboarding union workers (reach out to unions).This section can look something like this: You'll also need to develop compensation packages and benefits plans if they are changing during the merger or acquisition. Remember, the name of the game here is to ensure that those joining your team will be ready and able to perform their jobs without a bunch of friction. You also need to note to prepare for these new hires by creating documents such as, onboarding documentation, benefits overviews, and new-hire packets. The first part of the checklist is all about hiring processes with the first item on the list to develop a new hiring process for both the short term (for immediate needs) and the long term (for overall strategy). The best way to think about creating your checklist is to break it down into sections, which is what we'll do here so it's easier to think about. Let's move right into the core of this article: what you actually need to have on your post-merger integration checklist. What Should You Include In Your Post-Merger Integration Checklist? Proper planning goes a long way in situations like this so don't try to skip it. Given that the stakes are rather high, it makes sense to have what you need written down in advance so you can use it when you need it. On the other hand, like we mentioned above, failing to integrate teams properly is a big reason why these sorts of business moves fall short of their goals. What Is a Post-Merger Integration Checklist?Ī post-merger integration checklist is a document that you can keep on file during a merger or acquisition that details all of the steps you need to take to ensure that you integrate the two teams in the best way possible.īy integrating both teams and creating a new, stronger one, your business will hopefully receive a boost. You can use this sample as a starting point, customizing it before taking action. These are the top items that need to be incorporated into your post-merger integration checklist, though it should be noted that your organization may have more or less items on its list. That's what we'll cover today in this blog.
So, if you want to give the move it's best chance for success, HR has a lot of work to do to integrate teams. It is said that most mergers or acquisitions fail to meet their business goals because of a clash of cultures. Not only does a post-merger integration checklist give you a general idea of what you need to accomplish before you need to accomplish it, it also helps keep you on track during the process itself.
This is where a post-merger integration checklist can seriously come in handy. Mergers and acquisitions are extremely stressful for HR because the department must perform a ton of tasks to make sure the business move goes over without a hitch.
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