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Acquisitions and mergers from an HR perspective
January28th,2016
HILDE JANSSENS,HR-DIRECTOR CEGEKA
Building Bridges: strong connections are key
#ConnectedOrganisation
10 things I learned from
10 years of mergers
and acquisitions
BE PREPARED
Assign 50 % of the total project time to
preparation.
GET TO THE CORE
Be sure HR is in the loop from day 1
GET TO KNOW EACH
OTHER
Invest time and effort
HAVE REALISTIC
EXPECTATIONS
PUT YOUR A-TEAM IN THE
STEERING COMMITTE
REPEAT, REPEAT, REPEAT
YOUR STORY
NEVER TURN OFF
THE DIALOGUE
INNOVATE YOUR
HR-STORY
WORK HARD TO
GET IT DONE

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HRSeminar F&O Hilde Janssens Cegeka

Editor's Notes

  1. Strong connections are the key to make any merger or acquisition work. Always emphasize our strengts and work through your threats and weaknesses.
  2. The remaining 50% should be divided equally between the integration phase and the reflection phase
  3. Understand what’s going on in the organisation you want to merge. Get to know the history, why employees like to work there. Getting the feel of an organisation is very valuable and gives you the means to realise the neccessary connections and bridges between the existing and the new organisation
  4. Pick your battles, choose priorities and build them constructively. An acquistion is never a perfect story, but always a great story to write.
  5. Bring your A-team together to process and manage the merge
  6. Never stop telling the story of the merge, and which benefits come along. Building bridges can only happen with clear communication lines. Continue to tell it, and emphasize what stays the same, only a manager gets adrenaline from changes ;-)
  7. Keep on talking, you don’t need bells and whistles
  8. Think outside the box. Every merge is an opportunity to innovate your HR-story. History of Grontmij and 3 kinds of benefits that are merged – golden moment to launch Flex Income Plan. At Cegeka, merge with Edan is opportunity to … (FIP? Extra bonus die we omzetten in maaltijdcheques?)
  9. A merge is never a problem, only an opportunity. Opportunity for HR, but for the entire organisation, to chance the way-of-working, faster implement best-practices or leave some old tactics for once and for all behind.
  10. Realizing a merge is hard work and difficult. You can’t do it on-the-side. You need to dedicate time and effort. Even when you’re already planning a following merge. You have to give yourself for full 100 per cent.