HR's Role During Transition

Quick Summary
Running a business is all about constant change – and sometimes that change is substantial. When a company undergoes a big transition, HR takes on an important role. Here are four major business events, and tips for effectively managing your employees through each.

Merger or Acquisition

  • Don’t retrofit company cultures. Start fresh.
  • Streamline and reduce the number of titles, levels and pay grades.

Initial Public Offering (IPO)

  • The SEC requires public companies to do an S-1 Public Offering Filing, annual report (10-k), annual proxy, 8-k filings, and Forms 3, 4 and 5.

Selling the Business

Prepare the Sales Agreement, the core document for purchasing/selling business assets and/or company stock.

Closing the Business

  • Dissolve legally by filing legal dissolution documents.
  • Cancel licenses, permits, and business names. Close your EIN account, bank account and credit cards.
 
Need Business Insurance?

Need Business Insurance?

For more than 200 years businesses have trusted The Hartford. We can help you get the right coverage with an online quote.
 

Explore All Talent Topics for Mature Business

The content displayed is for information only and does not constitute an endorsement by, or represent the view of, The Hartford.
 
Find out more information about third party resources