- Enhances the deal
- Addresses the forgotten element – people
- Manages the process before & after the deal
- Makes the employee element a positive
- Addresses detailed labor costs & facilitates changes
- Communications recognizes different cultures
GETTING READY FOR THE CHANGE
When an organization considers a change in ownership, it requires substantial planning and review from multiple perspectives, and at various points-in-time. The focus of all of this activity generally centers around those elements that make the deal attractive to the parties involved. The attorneys and brokers are good at ‘nailing down the deal’, but that’s where their job ends.
THE FORGOTTEN ELEMENT
One element that is usually low on the priority list is the component that often really makes the organization valuable - its people. If their concerns are left out of the planning, it can lead to unexpected results, delays, key-people picked off by competitors, and staff going into a defensive mode, just to name a few issues that illustrate the need for HR consulting.
P3 has a comprehensive team of experienced consultants that can facilitate and manage the processes leading up to a deal as well as address integrations that occur after the deal. This approach enables the employee element to become a positive, rather than a complication. We understand the language of HR, quantifying analytics and the more subtle tools to help an organization through the change. We look at both short and long-term issues.
MANAGE THE PROCESS
P3 knows how to access, put in place, or upgrade programs to attract and/or keep key individuals motivated who are instrumental to the success of the business. We can address labor costs and facilitate changes in benefit and compensation programs that bring divergent programs into line without creating undue hardships. We also recognize and know how different company cultures play a strong role in making an organization effective. “One big happy family” doesn’t just happen - it requires knowledge, experience, and skill focused on management and all employees. We know how to craft the proper messages to smooth implementations so your changes really do create a new and better organization.