Management Consulting

A recent case study involving a $140 billion merger between two leading fintech companies highlighted significant challenges related to varied work cultures and employee mistrust. The differing compensation philosophies and benefits approaches necessitated a comprehensive redesign of the total rewards strategy for the newly combined organization. To address these issues, the M&A team initiated a thorough analysis of the existing compensation and benefits programs across 44 countries. This included developing compensation redesign scenarios and estimating costs to achieve synergy objectives. Following approvals from the C-suite, a preliminary compensation structure was established, accompanied by a communication and change plan aimed at ensuring understanding and buy-in from all stakeholders throughout the project. The tailored solution focused on identifying synergies and optimizing compensation and benefit expenditures for over 30,000 employees. Within a year of the merger's completion, the team successfully designed harmonized rewards that aligned with the needs of the combined workforce, fostering a unified organizational culture and enhancing employee engagement. This strategic approach not only mitigated risks associated with employee retention during the transition but also positioned the merged entity for long-term success in a competitive market.