In this episode, we welcome Rekha Nair, an experienced HR consultant and founder of Align HR, based in Chennai, India. Rekha shares her extensive experience in mergers and acquisitions (M&A) and organizational restructuring, highlighting the importance of building trust, respect, and transparent communication.
Key Highlights:
Mergers and Acquisitions: Rekha discusses the significance of showing respect and building trust during M&A processes. She shares anecdotes about how small gestures of respect from senior leaders can create a strong foundation for successful integration. Continuous and transparent communication is emphasized as a crucial factor in reducing anxiety and fostering collaboration.
Transparent Communication: Rekha explains how clear and honest communication, even about difficult topics, can help employees understand and accept changes during M&A. She provides examples of how simulations and detailed explanations can turn perceived disadvantages into benefits.
Cultural Integration: Rekha highlights the importance of honouring the history and achievements of acquired organizations. She shares successful practices where the legacy of the acquired company was blended into the new organization's story, fostering pride and inclusion.
Restructuring with Dignity: Rekha recounts a successful restructuring process at a multinational bank, which involved meticulous planning, transparent communication, and opportunities for growth and lateral movement. She emphasizes the importance of handling redundancies with dignity and supporting outplacement.
Collaboration and Common Good: Reflecting on her experiences, Rekha underscores the value of collaboration and working towards a common good. She experienced that transparent communication and a focus on collective success can lead to better outcomes for both individuals and organizations.
Join us as Rekha Nair shares her insights and practical strategies for navigating complex organizational changes with empathy and respect. Listen now or read the transcript
Chapters:
00:00 Introduction to Rekha Nair and Her Work
01:35 Mergers and Acquisitions: Building Trust and Respect
04:52 Transparent and continuous communication to reduce anxiety
06:52 Explaining the process by making a simulation for employees
09:50 Aligning employees to work for a common purpose
12:05 Merging cultures by a free flow between the old and new organisation
13:14 Honour the glory of the acquired organisation
16:11 Restructuring with dignity: The success story of a multinational bank
29:27 Anchoring the change
32:07 Reflecting on collaboration: The gains of working on a common good
34:18 Outro
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