Retention After a Merger
Keeping your employees from 'jumping ship' and your intellectual capital and client relationships 'on board'
During any merger and acquisition (M&A), employee retention is necessary for business continuity, avoiding the cost of hiring new employees, and preventing the loss of intellectual capital and client relationships. However, employees generally view organizational changes as a threat. Most M&A deals have issues relating to retention, the reasons being any of the following:
- Employees’ negative attitude
- Uncertainty about the future organizational direction
- Feelings of loss of previous organizational culture
- Uncertainty about personal job security
- Perceptions of lack of leadership credibility
- Feelings of confusion from a lack of communication
- Survivor guilt because of downsizing of other employees
- Perceptions of increased job stress and workload
Download the attached whitepaper to learn more about the tangible steps organizations and managers should consider in their efforts to effectively reduce turnover during a merger or acquisition.