Communicating frequently and transparently throughout the M&A process will help to allay fears and reduce the number of employees who are actively job searching.
The M&A Project and Communication Plan is divided into four tabs:
- The Project Details tab can be used to document key project participants and their roles as well as the contextual information to inform your M&A HR planning.
- The Project Plan tab should be used to document key project tasks and details.
- The Key Communication Priorities tab can be used to determine which areas of concern in your organization should be addressed and supported with a communication plan, based on the level of impact the concern has on the emotional wellbeing and the productivity of the employees in your organization.
- The Communication Plan tab can be used to plan and document all touch points to be conducted before and during the merger or acquisition in order to retain top talent and maintain productivity through the period of change.
Reduce the anxiety of your workforce, as well as encouraging retention during transition, frequent, and ongoing communication will minimize the amount of time employees spend talking with other employees about the M&A, thereby reducing the negative impact of distraction on productivity.