Learn key HR strategies for efficiently integrating acquired entities and aligning policies and practices across a growing multinational corporation. Expert SHRM-SCP exam question explained.
Table of Contents
Question
A multinational corporation is expanding quickly through acquisitions. It aims to create efficiency and innovation by integrating all its operations. What might the VP of HR advise the management committee in this case?
Answer
Budget time and resources to revise policies and practices and train all personnel. One of the challenges facing an organization that is seeking global integration of acquired entities is that these entities have established their own policies and processes and will adhere to them unless deliberate action is taken to create new, integrated policies and procedures.
Explanation
When a multinational corporation is rapidly expanding through acquisitions with the goal of integrating operations to drive efficiency and innovation, the VP of HR should advise the management committee to allocate sufficient time, budget and resources to:
- Conduct a thorough review of existing policies, practices and procedures across all acquired entities
- Identify areas of misalignment and develop standardized, integrated policies and processes that will be implemented consistently company-wide
- Extensively train all personnel, especially HR staff and people managers, on the new unified policies and practices
- Monitor adoption and provide ongoing guidance and support to ensure the acquired entities successfully transition to the new operating model
Established acquired companies will naturally tend to adhere to their legacy policies and norms. Deliberate change management is required to move the entire multinational organization to a cohesive, integrated way of working. The VP of HR plays a crucial role in leading this effort and advising management on the time and resources needed to successfully align the acquired entities under a common set of HR policies, practices and procedures. Attempting to integrate too quickly without investing in policy harmonization and training will undermine the goals of efficiency and innovation.
SHRM Senior Certified Professional (SHRM-SCP) certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the SHRM-SCP exam and earn SHRM-SCP certification.