Some interesting statistics about merger issues, and these are items a strong HR team can help address!
• As many as 70% of mergers fail to deliver their intended benefits (CIPD, 2003)
• Re-engineering costs too much and takes too long and expected synergies aren't achieved (Kotter, 1996)
• When poor integration occurs, leadership attrition soars by 47% within 3 years, productivity drops by 50% and employee satisfaction drops by 14% (Shuler and Jackson, 2001)
• The most common challenges cited are 'soft' issues; in particular 'changing mindsets and theexisting corporate culture' (IBM, 2008)
Original Page: http://www.hrzone.co.uk/blogs/accordengage/everything-engagement/problem-change
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