Financial Services Resource Center for HR: Mergers and Acquisitions

This item is part of Financial Services Resource Center for HR

In the current economic climate, mergers, acquisitions and other corporate restructurings require the attention of a large portion of HR practitioners in the financial services industry. In addition to conducting due diligence and ensuring compliance with federal income and employment tax, immigration and other laws, HR must focus on maintaining a productive workforce in the face of significant organizational change. Challenges to retaining key talent, ensuring optimal communications and managing changes in total rewards programs all comprise key aspects of a corporate integration.

XpertHR provides the following resources to aid employers in achieving a seamless integration:

How To

How to Prepare for and Handle a Merger or Acquisition

Company restructures like mergers or acquisitions are a tremendous opportunity for HR professionals to really shine. HR needs to be proactive in preparing for the restructure and should take the lead in gathering information from both companies (or more) and conducting a comparison study or a "cultural compatibility assessment." The results of that study are so significant that they can affect the price of the acquisition, set the course of the new company's trajectory, or even raise issues that cancel a merger or acquisition altogether.
How to Verify an Employee's Authorization to Work in the US Through the Form I-9 Process

Updated to reflect information related to the Form I-9 dated 08/01/23 and the optional alternative procedure for remote documentation verification, effective August 1, 2023.

Policies and Documents

Prepare for a Merger and Acquisition Checklist

This checklist may be used to assist in the process of preparing for a merger and acquisition and determining the risk factors involved. It may also be used to ensure seamless integration once the transaction has been completed.
Cultural Survey for Post-Merger Integration Form

An employer may use this form to survey employees following the closing of a merger or acquisition transaction. The Cultural Survey for Post-Merger Integration Form will help HR and the merged employers' senior leadership understand employee perceptions of the effectiveness of the integration of the two pre-merger cultures.
IRS Form 941, Employer's Quarterly Federal Tax Return, and Schedules B, D and R

As mandated by the Internal Revenue Service, every employer that withholds more than $1,000 a year in federal income and FICA taxes from employees' pay files Form 941, Employer's Quarterly Federal Tax Return, on a quarterly basis.

Supervisor Training

Handling a Corporate Restructuring

This training session for supervisors provides ideas and best practices on responding to the challenges faced during a corporate restructuring.
Understanding Fraud

This training session for supervisors examines the law and best practices regarding fraud in the workplace, including understanding its different forms such as bribery and false advertising.

Editor's Choice

Financial Services Resource Center for HR: Mergers and Acquisitions

How To

How to Prepare for and Handle a Merger or Acquisition

How to Verify an Employee's Authorization to Work in the US Through the Form I-9 Process

Policies and Documents

Prepare for a Merger and Acquisition Checklist

Cultural Survey for Post-Merger Integration Form

IRS Form 941, Employer's Quarterly Federal Tax Return, and Schedules B, D and R

Supervisor Training

Handling a Corporate Restructuring

Understanding Fraud

Employment Law Manual

HR Strategy, Management and the Law > Mergers and Acquisitions

Employee Management > Employee Communications > Communicating During Times of Change

Recruiting and Hiring > New Hire Paperwork > Mergers and Acquisitions

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