...Mergers & Acquisitions “In implementing an M&A, most managers and business leaders focus on the financials. But success often hinges on how you deal with people issues and cultural Integration”. Andrew F. Giffin and Jeffrey A. Schmidt 1 Successful Mergers and Acquisitions are much more than just a name change on the premises and changing company branded material and policies. Mergers and acquisitions (M&A’s) are notoriously risky, and international M&A’s are even more so. Numerous studies on M&A’s, show that success is not always guaranteed. To the contrary, the biggest percentage of (costly) M&A’s, do not achieve goals and set objectives. Mercer Human Resource Consulting, after examining the evidence, has concluded that as many as 60–70% of M&A’s fail to deliver their intended benefits. Another study by CFERF 2 claims that 75% of the deals have failed or underperformed. Although it is clear that some of these unsuccessful ventures are due to financial and market factors, the root cause of a considerable number of failures lies in disregarded HR issues and activities. Some of the main (HR- people) mistakes in mergers and acquisitions are: o HR not being involved early in the game o Lack of culture blending and misaligned values- do not underestimate cultural differences o No clarity on mission and vision o Communications, communications, communications – lack of it in the main Other research has shown that only 1/5th of international M&A’s add to shareholder value. Why is this...
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...THE APPLICATION OF CHANGE MANAGEMENT THEORY TO HR PORTAL IMPLEMENTATION IN SUBSIDIARIES OF MULTINATIONAL CORPORATIONS Cataldo Dino Ruta HR portals are complex information technology (IT) applications that can be accessed by all employees of a given organization. By placing more applications and information online, HR portals reduce the reliance employees have on HR personnel. Given this relational change, from human to computer, the HR portal implementation process must take into account the challenges of both change management and technology acceptance. By integrating change management theories with IT user acceptance models, this article adds to HR’s collective knowledge of ways to effectively implement HR portals. In addition, this article describes the cross-national challenges that exist when a global firm attempts to implement an HR portal around the world. Thus, this article will present a model that (1) integrates change management theories and IT user acceptance models and (2) illustrates the ways in which change management plans may need to be adapted to be effective in various subsidiaries. A case study of Hewlett-Packard’s (HP’s) worldwide implementation of their @HP Employee Portal in the Italian subsidiary of HP illustrates the key issues of these theories. © 2005 Wiley Periodicals, Inc. Introduction Human Resources Portal Applications In recent years, the World Wide Web has revolutionized the way individuals in organizations access information. In addition...
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...THE APPLICATION OF CHANGE MANAGEMENT THEORY TO HR PORTAL IMPLEMENTATION IN SUBSIDIARIES OF MULTINATIONAL CORPORATIONS Cataldo Dino Ruta HR portals are complex information technology (IT) applications that can be accessed by all employees of a given organization. By placing more applications and information online, HR portals reduce the reliance employees have on HR personnel. Given this relational change, from human to computer, the HR portal implementation process must take into account the challenges of both change management and technology acceptance. By integrating change management theories with IT user acceptance models, this article adds to HR’s collective knowledge of ways to effectively implement HR portals. In addition, this article describes the cross-national challenges that exist when a global firm attempts to implement an HR portal around the world. Thus, this article will present a model that (1) integrates change management theories and IT user acceptance models and (2) illustrates the ways in which change management plans may need to be adapted to be effective in various subsidiaries. A case study of Hewlett-Packard’s (HP’s) worldwide implementation of their @HP Employee Portal in the Italian subsidiary of HP illustrates the key issues of these theories. © 2005 Wiley Periodicals, Inc. Introduction Human Resources Portal Applications In recent years, the World Wide Web has revolutionized the way individuals in organizations access information. In addition...
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...implement a centralized Human Resources Information System with payroll functionality. This new system will allow HR staff to return to company HQ from their temporary locations required to support the current HR and payroll systems. The HRIS will also aid in recruiting, hiring, performance reviews, employee career tracking, payroll, and expense reporting. The employee database and e-forms functionality will save an estimated $46,250 using the auto-fill capability. Combining the HR and payroll functions onto a single system will also save significant time and money. The project will include vendor selection, server hardware installation, networking, server software installation, custom configuration and programming, and user desktop software installation. Each phase will require testing and signoff. The beta rollout for the HRIS will include the HR and Finance departments. HR and Finance team members will evaluate the system for 4 weeks. Results will be reported back to the control board and must be signoff by the board to proceed with the full user implementation. The HRIS project may proceed after all of the GenRays W-2 forms have been sent. It will have a start date of February 1, 2013. It is to be completed by December 31st, 2013. Customer Requirements GenRays management requires access to HR and payroll data for all employees reporting to them. HR staff requires access to all employee information....
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...centralized finance, purchasing and logistics system. As a result of this implementation, the company realized that it saved cost and improved productivity. The management is now looking for a similar system for HR and is convinced that this implementation will replicate similar success. The following is the current scenario at GenRays HR operations: the HR system is not centralized and each location has its own HR team to carryout payroll and other HR duties. The downside of this setup is that it costs the company great deal of time and money. In order to integrate HR systems within the company, a new HRIS needs to be implemented to improve business functions. HRIS system will centralize employee database, payroll, performance management, career development and other HR operations. With the new system, recruitment process will be automated with a searchable database and capable of accessing opportunities available in the job portal. Customer Requirements: GenRays is looking for a system that would centralize its HR functions. Currently, employees are working from branch locations to support the legacy system – something the new HRIS system is supposed to address and replace. The customer is also looking for cost-effective system that would be able to automate most of the HR services such as payroll, job searching, time, benefits, time-off and vacation in real-time from any location. The management is expecting the proposed HRIS system to replace this primitive one. Statement...
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...Payam Banikarimi Course Project Risk Plan As we know there are some uncertain events that can impact to the project objective that called Risk. Therefore, I consider the following set of process that Risk Management must do these. Overall, Risk management should involve identifying, assessing, and responding to project risks in order to minimize the likelihood of the potential impact of the events on the accomplishment the project out comes. Managing risk includes taking action to prevent or minimize the impacts. Risk management should try to plan the risk levels during the initial phase of the project life cycle to make sure. However, I believe that whole of Risk subjects depend on a project size because impact measurement and type of risk might be differ in various project sizes. So, the project manager should perform various steps of the process of risk management and decide how to control them that consist of: * Identifying risks and their potential impact, * Assessing the likelihood of occurrence and degree of impact of risks, * Risk response planning, * Risk monitoring, Roles and Responsibilities Risk identification includes determining that risks may affect the project objective and each risk would impact on portions of the project. In order to, the project manager should involve key project team members in identifying the sources of risk. Each member of the team can deliver its report and the result...
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...ASSIGNMENT COVERSHEET This form should be completed, and attached as the cover of each piece of assignment submitted. Please note without the cover sheet your assignment cannot be marked. STUDENT NAME: ATRINATH BHATTACHARYA PROGRAMME START DATE: 16/06/2013 PROGRAMME TITLE: 3HRC COURSE LOCATION: DUBAI PERSONAL TUTOR: MARK FIELDER ASSIGNMENT TITLE: 3HRC ( 1st Submission ) SUBMISSION: (delete) 1ST 2ND Extension DATE OF SUBMISSION: 24/07/2013 Before submitting your work to www.bradfield.co.uk please read the following statements and tick the appropriate box to show that you have understood and completed what is required. 1. I have read my work through and have checked it for spelling and grammatical errors using, where appropriate the spell and grammar checker on the computer. 2. I have written my name at the top of each page of my work and have numbered each page. 3. I have read the definition of plagiarism. I realise that plagiarism is cheating and can confirm that the assignment I am submitting is my own work. Y Y Y l ‘Plagiarism is the act of presenting the ideas or discoveries of another as one’s own. To copy sentences, phrases or even striking expressions without acknowledgement in a manner which may deceive the reader as to the source is plagiarism; to paraphrase in a manner which may deceive the reader is likewise plagiarism. Where such copying or close paraphrase has occurred the mere mention of the source in a bibliography...
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...Development Plan of a HR Officer Employee Code: 1234 Department/Unit: Human Resource Classification: HR officer Supervisor: HR manager NEXT POSITION FOR HR OFFICER: HR MANAGER Planning Session: The first step is to access the current skills level of the individual to identify further training and development needs. The following table can be used to rate an individual. Job Skills: Rating Scale: Employee is to be rated using the criteria below. Please place an ‘X’ in the appropriate rating box. U = Unsatisfactory - Performance is substandard and requires improvement. M= Meets expectations - Performance fully meets and occasionally exceeds standards. E = Exceeds expectations - Performance consistently exceeds set standards. N/A (Not applicable) - Lack of sufficient knowledge to evaluate the performance factor. Job Skills U M E N/A Job knowledge: degree to which the employee knows and understands his/her job and its functions 0 0 0 0 Quality of work: accuracy, presentability, neatness, etc. 0 0 0 0 Productivity/Timeliness: manages a fair work load; takes on additional responsibilities as needed; manages priorities and time; handles information flow 0 0 0 0 Dependability: punctuality, regular attendance, overall reliability 0 0 0 0 Work habits: ability to plan and organize work; makes efficient use of time; follows through on work assignments 0 0 0 0 Organizational Skills: ability to establish...
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...of HR: Developing HR as an Internal Consulting Organization”. It was written by Richard M. Vosbugh and published in September of 2007. The article has few purposes the first is to show how undervalued HR is amongst organization across the world and despite best practices being showed the profession still gets no respect. He also laids out the challenges that HR faces such as influences, perception, skills and the profession as a whole (Richard M. Vosburgh, Sept2007, p11). Mr. Vosbugh Finally attempts to provide a road map to that change through a series of topics which is the Main purpose of this article. There are five topics that are covered in this article. First Evolution of HR Accountabilities using the Ulrich model and other research to show where we have been and where we need to be headed (Richard M. Vosburgh, Sept2007, p11) . Second HR as an Internal Consulting Organization sowing how this future roadmap is consistent with where boards and CEOs expect GR to make a contribution (Richard M. Vosburgh, Sept2007, p11). Third Outsourcing transaction and insourcing transformation exploring more deeply what it means to be an internal consulting organization (Richard M. Vosburgh, Sept2007, p11). Fourth content areas for internal consulting which is a process: this section addresses the right value added content on which to work (Richard M. Vosburgh, Sept2007, p11). Lastly first step of strategy, structure and skills and how to transform HR in an organization (Richard M. Vosburgh...
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...The Elliott & Fitch Shopping Emporium - Case Study Briefing Sheet for the HRD assignment 2 Name: XXXX ID:XXXX Refurnishing HR Decision For E&F Being back to the top in the industry seemed to the truth after a great effort in the transmission of company since the bad time in the early 1990s, however, E&F was not smart enough to merely adopt a cost-leadership HR strategy to make a reality of expansion in the Northwest. Now, like many companies who were blind in sweeping cost-cut approach E&F had no choice but seek to make something up (House & Hanges, 2000, pp4.). Following is the introduction of supporting theory behind the case, then before drawing a creative HRD plan, I will give the main reason and consequence of problems in the case. By doing this, I will offer two possible plans and compare them, which will finally lead to the conclusion. 1. Relevant Theory 1.1 Porter’s theory is not the unassailable First of all, it is essential to understand why a single HR usually caused several subsequent effects. It is very clear seem from the case that, in order to get capital to set up E&F’s expansion business plan, E&F’s HR strategy had to be put into harmony with company’s business’s strategy-cost leadership (Brewster & Harris, 2007, pp5-7). After Michael Porter promoted his generic strategy that involved two main parts: differentiation strategy and cost leadership strategy, in several decades had he been denounced about the loopholes...
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...that describes two companies joining to form one larger company (Mergers and Acquisitions (M&A), 2007). Mergers and Acquisitions and corporate restructuring are large parts of the business world. Some of these transactions are friendly and some not so friendly (Mergers and Acquisitions (M&A), 2007). In either case HR should be involved from the beginning of the merger process rather than calling on them post-merger to begin managing the merger at that point (Lindquist, 2007). HR is uniquely qualified to provide the business acumen, analytical skills, and close collaboration with mangers that is needed to handle the organizational and people issues that a merger raises (Lindquist, 2007). When two companies decide to merge they go through a process called due diligence, this process can take anywhere from months to a year, with the average being about 3 months (no author, 2005). HR professionals are valuable partners when they are utilized during due diligence. Due diligence allows the two companies to provide all the documents concerning their organizations, these documents include compensation rates, bargaining agreements, employment contracts and severance agreements, job classifications and pay rates, employee handbooks, affirmative action plans, and any number of documents that show each organizations alignment (no author, 2005). After all documentation has been gathered then HR professionals should review and prepare an organizational chart for the companies that shows...
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...1. Introduction 1.1 Purpose The purpose of this report is to determine, discuss and demonstrate how the management of Wal-Mart Stores, Inc. can apply the concepts of organizing and motivating to reach the organizational objective of resolving the ethical issues regarding wages and employee welfare by June 2012. 1.2 Background Vesilind (1988) defined ethics as the study of systematic methodologies which can assist one in making value-laden decisions when one is guided by his or her individual moral values. Hence, one is said to be practicing ethics when he or she is implementing ethical values in decision-making. When managers and employees do not practice ethical values, an organization will face ethical issues. In this report, the organization that is being discussed is Wal-Mart Stores, Inc. In the United States, Wal-Mart Stores, Inc. run large discount department stores and also warehouse stores. Even though Wal-Mart is the largest groceries retailer, the management of it has caused many ethical issues regarding wages and employee welfare as they did not practice ethical values. Wal-Mart Stores, Inc. paid their workers low wages that are even lower than the federal poverty line. Bianco and Zellner (2003) stated that in 2001, documents filed in a lawsuit that is against the corporation showed Wal-Mart sales clerks earned $8.23 an hour, or $13,861 a year on average. The wages is definitely low and insufficient, especially for a family of three, as the federal poverty line...
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...Writing and Communicating the Business Case Once the research has been completed to determine key initiatives, align the specific objectives that must be accomplished, understand the measurements and targets that define success, formulate an action plan of initiatives and budget impact, a Human Resource (HR) professional will be equipped with the information required to communicate an overall strategy. Making the business case: When the goal is to communicate an HR strategy to leaders, HR itself must first fully understand and identify what is important to those leaders. Once this has been established, HR can then develop a communication and change management plan that focuses on those key business drivers while demonstrating how HR can add value by aligning with leadership strategies (Milner, 2012). Those responsible for conveying the message should be able to dialogue in specific business language, tailoring the message to meet the needs of the business (Corporate Executive Board, 2008). Communicating the Business Case: Once the strategy has been fully developed HR has the information necessary to effectively communicate the information to leaders. By demonstrating that the plan has been well thought out and aligned with the financial, customer, internal, and learning and growth business perspectives in mind, the message to the leadership team can be more impactful. The method of communication should be tailored to the audience. A formal presentation would be appropriate...
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... Leading HR 14 3 Organisation design 17 4 Organisation development 20 5 Resourcing and talent planning 23 6 Learning and development 26 7 Performance and reward 30 8 Employee engagement 33 9 Employee relations 36 39 10 Service delivery and information Behaviours 42–51 The Profession Map behaviours 43 Curious 44 Decisive thinker 45 Skilled influencer 46 Personally credible 47 Collaborative 48 Driven to deliver 49 Courage to challenge 50 Role model 51 1 Profession Map – Our Professional Standards V2.4 Introduction The CIPD Profession Map sets out standards for HR professionals around the world: the activities, knowledge and behaviours needed for success. Use the standards in the CIPD Profession Map for you and your organisation to: • define great HR • diagnose areas of success and improvement • build HR capability • recognise achievement through professional qualifications and membership. By the profession, for the profession Based on research and collaboration with organisations around the world, and continuously reviewed and updated with our research, essentially the CIPD Profession Map shares what the most successful HR professionals know and do at every stage of their career, which is proving to be a powerful tool. A wide range of organisations and HR professionals...
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...Management Student Name Student ID Table of Contents Introduction 3 LO: 02:1 Be able to develop human resource plans for an organization 3 2.2 Assess the human resources requirements in a given situation 5 2.3 Develop a human resources plan for an organisation 7 2.4 Critically evaluate how a human resources plan can contribute to meeting as organisation objectives 8 LO: 03: Understand human resources policy requirements in an organization 9 3.2 Analyses the impact of regulatory requirements on human resource policies in an organisation 10 4.1 Analyses the impact of an organisational structure on the management of human resources 11 4.2 Analyses the impact of an organisational culture on the management of human resources 12 4.3 Examine how the effectiveness of human resources management is monitored in an organisation 14 4.4 Make justified recommendation to improve the effectiveness of the human resources management in an organisation 15 Conclusion 15 References 16 Figure 1 HR Planning 4 Figure 2 HR Planning process 7 Figure 3 Balance score card in practical 15 Introduction Organisations within today’s labor markets cannot be pretermission on increasing position of managing human resources. It is appreciated that the ways in which human resources are accomplished in employing organisations is energetic for the employer. Human resource (HR) system encirclements all the policies and performs that will ensure that right personnel recruited, trained and preserved...
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