*Update: Whoaaa, this blog post is really old! Check out some more recent posts here.
Unrealized potential, disengaged employees, and poor shareholder value: That's the mergers & acquisitions story you'll hear 83% of the time*. Forbes contributor George Bradt recommends that companies can reduce risk of failure with a 100-day merger plan that focuses on environment, attitude, values, and engagement. In addition to great insight on overcoming common merger pitfalls, he features an interview with our co-founder, Chris McGrath, explaining the value of employee engagement during the M&A planning process.
Excerpt from the Forbes article "83% Of Mergers Fail -- Leverage A 100-Day Value Acceleration Plan For Success Instead".
ThoughtFarmer Co-founder Chris McGrath shared some startling insight into merger and acquisitions’ impact on employee engagement.
- There is a 23% increase in “actively disengaged employees” after a change event – even if no one’s job is affected. He got this information from an AON/Hewett study and went on to explain that
- It takes about three years to return to pre-merger engagement levels.
He told me what had happened to his online banking team at Mercantile Bank when they were acquired by Firstar (US Bank)....
Are you in the process of planning a merger or acquisition? ThoughtFarmer M&A Edition solves communications problems and helps employees stay engaged during M&A activity. Learn more.
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