Impact Of Mergers And Acquisitions On Benefits Plans: How To Clarify Your Offerings And Communicate To Your Workforce
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Integrating two companies can cause a lot of uncertainty among employees. Incumbents from both merging organizations will inevitably have questions about job status, earning potential, and benefits. Will they lose sick or vacation time? How will their retirement plans be affected? Will they have to switch healthcare providers? Or, will they gain better benefits as a result of the merger or acquisition?
The key to answering these questions and easing the nerves of your employees lies in preparation and communication. As soon as the word of a possible merger or acquisition arises, HR should gear up for questions about their company’s policies and plans. It’s also important to be prepared to communicate with your workforce as plans unfold.
Join us for an informative webinar led by seasoned HR consultant Barbara Mitchell. She’ll provide you with strategies for managing HR’s role in the process of determining which benefit plans and related policies will stay, which will go, and which may become more of a hybrid model born out of each company’s existing benefit plan structure. Plus, you’ll get tips on how to handle employee communications with ease during the transition.
About Your Presenter:
- Key variables that will guide benefit plan design and decisions that are about to be made
- How to identify policy and plan commonalities and differences that may factor into final decisions concerning paid time off, health care coverage, retirement plans, and more
- Technological and administrative issues that may arise during the changeover phase
- Recommended strategies for communicating to the workforce so the message you want them to get resonates loud and clear
- The timeline for making decisions related to employees’ benefits and perks—and when to tell the workforce
- Strategies for preventing employee anxiety when seemingly drastic changes to benefits are being made
The Mitchell Group
Barbara Mitchell, Managing Partner of The Mitchell Group, is an author, speaker, career coach, business coach, and human resources and organization development consultant. She consults with organizations to help them put practices in place to ensure they have the best HR function possible so that they can hire, engage, develop, and retain the best talent available.
Ms. Mitchell co-authored The Big Book of HR and The Essential Human Resources Handbook and has contributed to three other business and human resource related books. Her latest book, The Essential Workplace Conflict Management Handbook, was published in September 2015 by Career Press. She blogs for the American Society of Association Executives (ASAE) and is working on a book titled 2000 Phrases to use in Conflict Situations which will be released by Career Press in mid-2017.
Ms. Mitchell spent much of her human resources career in senior leadership positions with Marriott International where she participated in several mergers and acquisitions from both sides—being acquired and being the acquirer.
She has served in many leadership positions for The Society for Human Resource Management (SHRM) including serving as president of several chapters as well as for the HR Alliance. She served on the SHRM National Panel on Outsourcing in recognition for her long-time service to the HR profession.
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This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.
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|Keywords For This Course:|
HR decisions, benefits, merger, acquisition, employee benefits, healthcare, communicating benefits, merging employer cultures, revising benefit plans, change management
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