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Year 2012 50 Downloads
Volume/Issue/Review Month Vol. - V | Spl. Issue I | Jan
Title Role of HR in Mergers & Acquisitions: A Theoritical Proposition
Authors Ms. Sambedna Jena , Dr. Chandan Kumar Sahoo
Broad area Role of HR in Mergers & Acquisitions: A Theoritical Proposition
Abstract
Mergers and acquisitions are gaining momentum in various industries due to
the globalization process. Nowadays organizations are spending a great deal
of their financial resources for pursing this strategy and for attempting to create
a competitive advantage over their competitors. Most of the mergers and
acquisitions carried out within the organization seem to be effective both from
a financial and strategic perspective but does not suffice to reach its objective,
due to the inadequate skill, knowledge and experience of the team involved in
the procedure. It is essential for the human resource management (HRM)
executives to handle these situations with utmost care. The HR executives
must be capable of handling such challenges during the merger and acquisition
process. It is the responsibility of the HR executives to assure that the cultural
and communication issues emerging before, during and after the mergers are
taken into account. The effects of the merger and acquisition process on people
must be analysed properly and its adverse impact must be reduced by
implementation of adequate strategies by the HR professionals. This paper is
focused on creating a conceptual framework to understand the strategic role
played by the HR executives in the mergers and acquisitions process.
DOI The inception of the concept merger and acquisition can be traced back to history through five evolution phases, which was triggered by intense economic factors. The first phase of merger and acquisition was instigated from 1897 to 1904; during this time
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