Human Capital Institute and Vurv Partner
<p><strong>Washington — Nov. 12</strong><br />The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and Vurv Technology, a global provider of technology and services for building great workforces, announced that the two organizations will jointly launch a “Mergers, Acquisitions and Restructuring” education and research track. The track is one of several topics addressed in HCI's Talent Leadership community of interest, a community HCI considers critical to organizations working to leverage human capital for maximum results.<br /><br />”No two mergers are the same, but there are consistent reasons for their success or failure — and many do fail. Fifty to 70 percent of M&A deals fail to achieve expected synergies and financial results, and often failure is attributable to talent management issues,” said Allan Schweyer, HCI's president and executive director.<br /><br />Financial goals may be the overarching reason for mergers and acquisitions, but deals that also consider the human aspects are far more likely to succeed. In fact, of M&A deals deemed successful, 85 percent included HR throughout the entire process in order to implement high-impact change management processes that successfully married different corporate cultures and retained key talent.<br /><br />With the understanding that today it is more important than ever to execute business strategies quickly while at the same time avoiding diminished morale and talent defection, HCI's learning track focuses on finding the balance between the value of the deal and the value of the human components. The track addresses pre-merger scenarios to mitigate potential risks; due diligence to avoid hidden costs; managing post-mergers dips in productivity and culture clashes from restructuring; and critical talent retention. A panel of expert advisors explores these issues, drawing on best practices in mergers and acquisitions, sharing information with human capital professionals through Webcasts, white papers, education and other resources.<br /><br />”Mergers and acquisitions are about merging financial assets and business operations, but they're also about merging talent. Organizations that understand this, and prepare and proceed accordingly, are more likely to succeed,” said Derek Mercer, Vurv's chief executive officer. “By supporting HCI's learning track, it is our intention to provide resources that can make a difference in this critical area.” </p>
