Thought Leadership

Cutting Through Crisis

COVID-19 HR practices survey report

KPMG in India’s COVID-19 HR practices survey report - MnA Genome
Cutting through Crisis
COVID-19 HR practices in India
Joint study by
Culturelytics & KPMG India
The survey reveals the impact that COVID-19 has had on a range of core HR practices, including employee well-being, engagement, recruitment, compensation & benefits, performance management, and learning & development.
More than 300 organisations in 20 industries, representing more than 60 Lakhs (6 million) employees across the country, took part in the survey, the first of its kind since the outbreak of the pandemic.
Among key findings:
Employee engagement: 75% of companies have adapted their employee communication strategies, with a focus on virtual team meetings and briefings, and a few have started to leverage AI-powered tools that will allow them to more closely monitor and manage employee sentiment.
Learning & development: 53% of companies are taking this opportunity to shift towards online development practices, including e-webinars and e-learning tools.
Clearly, COVID-19 has fast-forwarded several management trends already underway, as companies begin to envision and create the workplace of the future:
Managing an online workforce.
Building agile and purpose-led cultures that can respond effectively to change.
Leveraging the power of data analytics to understand, engage and manage their people.
Culturelytics’ AI-based culture analytics platform can help business leaders leverage all of these trends for success.

Impact of Culture on M&A

Impact of Culture on M&A
Joint study by
Culturelytics & Venture Intelligence
Globally, mergers and acquisitions worth a total of more than $4 trillion take place every year. Studies show that more than 85% of these deals fail to create value, and in more than 30% of these, cultural misalignment is one of the key reasons cited. Despite this, ‘cultural due diligence’ is virtually unknown, and many investors overlook the impact of culture on their acquisition strategies because they lack a clear way to measure it. But M&A due diligence continues to mature. With a new focus on people accelerated by COVID-19, it is expected that culture will soon be routinely integrated into the due diligence process, to accurately assess a target company’s corporate culture today and, more importantly, tomorrow.

Key findings:

The study clearly revealed investors’ belief that people and culture are vital in ensuring successful outcomes for M&A.
Nearly 67% of investors, when looking at proposed M&A, would prioritise investing in an organisation with an excellent team, as they believe that the right team of people can always make the best of an available strategy and is the key to successful integration of two organisations.
95% of investors said they would find it very helpful to conduct ‘cultural due diligence’ prior to a deal, adding culture assessment to financial, legal and commercial due diligence. Specifically, they would like to see a tool that measures the likely impact of culture on the financial targets for the merger.
72% said that culture plays a significant role in successful integration in all, or almost all, deals.
44% said that culture plays its most significant role within the first 100 days following the completion of a deal. In other words, culture should be an integral part of the strategy for M&A from the outset, not just an afterthought.
Clearly, COVID-19 has fast-forwarded several management trends already underway, as companies begin to envision and create the workplace of the future:
Culturelytics’ has created the world’s first data-based cultural due diligence tool, to help investors sharpen their deal strategies and ensure that culture supports the goals of the transaction.

Executive summary

Close-up of female hand making notes
Executive summary
Impact of Culture on M&A
A new study conducted by data analytics company, Culturelytics and India’s leading investor research firm, Venture Intelligence sheds new light on the impact of culture on the outcome of mergers and acquisitions and reveals significant demand by investors for effective tools to measure and manage culture. This trend will only accelerate as business leaders prepare for a post-pandemic world.
For the study, a survey and in-depth interviews were conducted with India’s leading venture capitalists, private equity investors and investment bankers, along with heads of corporate M&A departments. Their responses and insights have given a new window into the effects of culture on M&A.

Global Covid-19 Culture Assessment

Organisational-Values-and-Culture
Global Covid-19 Culture Assessment
by Barrett Values Centre
We wanted to share with you the initial results from a fascinating new study by one of our partners, the Barrett Values Centre, that examines the impact of COVID-19 on organisational values and culture. With participation by more than 2,500 participants from around the world, the Global COVID-19 Culture Assessment reveals important shifts in people’s values, how they are responding to shifts in organisational values, and what they want for the future. We hope you find the report interesting and of high value.