The Impact of Human Resource Management Practices on Employee Readiness for Change during Mergers and Acquisitions
DOI:
https://doi.org/10.15678/AOC.2014.1104Keywords:
human resource management (HRM) practices, career development practices, compensation practices, communication practices, employee readiness for change, mergers and acquisitions (M&As)Abstract
Embracing constant and continuous change is a necessity for business success. An organisation must be in a continuous state of change readiness. Researchers have confirmed that for organisational readiness, individual employees must also be open, prepared, and ready for change. Researchers and practitioners have both found employee readiness to be a critical factor in successful change efforts. This study presents the impact of employee perception of human resource management practices on employee readiness for change during pre-mergers and acquisitions. A total of 235 employees from the three largest food companies in Istanbul participated in the study. The data was analysed using correlation and regression analysis. The results show that employees’ positive perceptions of the company’s career development, compensation, and communication practices positively affect their readiness for mergers and acquisitions.References
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