No two mergers are the same, but there are consistent reasons for their success or failure--and many do fail. Fifty to 70 percent of M&A deals fail to achieve expected synergies and financial results, and often failure is attributable to talent management issues
Washington, D.C. (PRWEB) October 26, 2007
The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and Vurv Technology, a global leader in technology and services for building great workforces, announced today that the two organizations will jointly launch a "Mergers, Acquisitions and Restructuring" education and research track. The track is one of several topics addressed in HCI's Talent Leadership community of interest, a community HCI considers critical to organizations working to leverage human capital for maximum results.
"No two mergers are the same, but there are consistent reasons for their success or failure--and many do fail. Fifty to 70 percent of M&A deals fail to achieve expected synergies and financial results, and often failure is attributable to talent management issues," said Allan Schweyer, HCI's President and Executive Director.
Financial goals may be the overarching reasons for mergers and acquisitions, but deals that also consider the human aspects are far more likely to succeed. In fact, of M&A deals deemed successful, 85 percent included HR throughout the entire process in order to implement high-impact change management processes that successfully married different corporate cultures and retained key talent.
With the understanding that today it is more important than ever to execute business strategies quickly while at the same time avoiding diminished morale and talent defection, HCI's learning track focuses on finding the balance between the value of the deal and the value of the human components. The track addresses pre-merger scenarios to mitigate potential risks; due diligence to avoid hidden costs; managing post-mergers dips in productivity, culture clashes from restructuring; and critical talent retention. A panel of expert advisors explores these issues, drawing on best practices in mergers and acquisitions, sharing information with human capital professionals through Webcasts, white papers, education, and other resources.
On November 5, HCI's Mergers, Acquisitions and Restructuring education and research track will feature the Webcast, "Managing Human Capital Risks and Opportunities in Mergers and Acquisitions." Click here to register.
"Mergers and acquisitions are about merging financial assets and business operations, but they're also about merging talent. Organizations that understand this, and prepare and proceed accordingly, are more likely to succeed," said Derek Mercer, Vurv's Chief Executive Officer. "By supporting HCI's learning track, it is our intention to provide resources that can make a difference in this critical area."
More information about HCI's education and research tracks is available at: http://www.humancapitalinstitute.org
ABOUT VURV TECHNOLOGY
It's all about the people! Vurv's on demand talent management software helps address the number one business challenge - finding, hiring and retaining top talent. With comprehensive product offerings including recruitment, onboarding, performance, succession, compensation and workforce transition management, Vurv's software is fast, flexible and easy to use. More than 1,700 companies and over 2.5 million users around the world rely on Vurv to reduce operating costs, increase productivity and ignite their most powerful resource for innovation and growth. Feel the creative energy, talent and passion at http://www.vurv.com.
ABOUT THE HUMAN CAPITAL INSTITUTE
The Human Capital Institute is a global think tank, educator, and professional association defining the agenda and setting the pace for the new business science of human capital management. With over 91,000 members in over 40 countries, HCI offers a new association framework that cuts across the silos of recruitment, HR/OD, finance, sales and marketing, operations, manufacturing and IT. We provide key executives, line managers and human capital professionals with the newest education, most effective tools and best practices in talent strategy, acquisition, alignment, engagement, deployment, measurement, and retention. The future belongs to leaders with innovative ideas and strategic knowledge. We invite you to learn, share and grow your career with HCI's comprehensive resources, and join our high-achieving, forward-looking membership community. For more information, please visit: http://www.humancapitalinstitute.org
Human Capital Institute
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