1、An HR guide for navigating JVAuthorsJim McKay,Managing Director,Global M&A Client Experience LeaderSean Hegarty,Senior Director,M&AJoint ventures(JVs)have become an important element of many companies business strategy.For those aiming to do business internationally,JVs are often the only feasible w

2、ay to enter new markets.Due to the many complex human capital considerations necessary in any JV,it is essential to have HR involved from the early stages when a JV is being considered.To contribute meaningfully to these discussions,HR professionals must understand the potential issues and problems

3、that can arise in a JV and have the resources necessary to develop solutions.Given the strategic importance of JVs in todays global business environment,one might expect to easily find guidance on tackling the complexities of a JV,based on widely used,successful methods.But thats not the case.A revi

4、ew of the literature on JVs shows much of it to be incomplete at best,contradictory at worst.Tactics and solutions that make sense for one JV often dont resonate for another for reasons that arent obvious or explained by the experts.After helping many clients navigate the human capital issues of JV

5、journeys,weve developed the following guidelines for HR professionals faced with the prospect of an impending JV.Youll also find a list of common JV term definitions at the end.With the right knowledge and tools,the HR professional can be an integral part of the JV team.An HR guide for navigating JV

6、s/4Arm yourself with knowledge and toolsFirst,the HR professional needs to learn how JVs are set up and operated and how they differ from other types of investments,such as acquisitions,alliances,greenfield upstart-and minority investments.There are legal aspects to understand,as well as structural