What policies and procedures are important during a merger or acquisition?
When combining organizations, each organization should compare the following:
- Work rules and discipline procedures;
- Recruiting and interviewing procedures including contingent use, testing and college recruiting;
- Orientation, training and management development programs;
- Performance appraisal process and forms;
- Promotional policies including postings, transfers and demotions;
- Grievances and union relations;
- Suggestion programs, recognition and service awards;
- Affirmative action plans and diversity initiatives; and
- Safety programs, violence prevention, security and crisis plans.
Before adopting one of the existing programs, consider whether or not the programs should be continued at all, or should be improved. Although it may be difficult, an honest evaluation of the shortcomings of each company's programs should be attempted. Programs can be adopted on a temporary basis until there is enough time to conduct a proper analysis.
Reprinted with permission. © CCH
What policies and procedures are important during a merger/acquisition? When combining organizations, each organization should compare the following: ...
What policies and procedures are important during a merger or acquisition?
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