The biggest challenge in merger and acquisition (M&A) deals is not generating synergies or proving the value of the deal, but retaining staff at the acquired company, according to a recent survey by performance improvement consultancy The Forum Corporation. The global survey of just over 300 executives found that senior management who have been involved in M&A identify talent retention as their key challenge in leading a successful merger or acquisition, followed by making the deal generate long-term value.
Next Step announces international alliance
The Next Step has formed a strategic alliance with Macmillan Davies Hodes, a UK-based HR recruitment firm. The alliance, which complements The Next Step’s existing relationship with Profile Search and Selection, a leading HR recruitment practice in Asia, will further strengthen operations in each country, according to The Next Step. “With the shortages that exist in the HR industry, this alliance will provide our clients with access to new talent sources and enable them to see what is happening in overseas markets,” said Craig Mason, managing director of The Next Step. The new alliance comes on the heels of The Next Step’s launch of The Next Gen, which will specialise in the early HR career market under the $80,000 level.
Family businesses must put more into developing people
Less than one-third of family businesses are seeking HR advice in the midst of a worsening skills shortage, while younger second generation business owners may be putting the long-term success of their businesses at risk, according to a survey launched by KPMG, Family Business Australia and DeakinUniversity. Family business owners have an optimistic outlook with growth oriented around staff numbers and profits, but are losing focus on governance and structure and are worried about losing control as their empires grow, according to national managing partner of KPMG’s middle market advisory practice, Graeme Matthews.