March 28th 2008
Surviving When Your Company Is Merged
Mergers can be tough, as any employee who has survived one can testify. James C. Cabrera, president of the outplacement-counseling firm of Drake Beam Morin Inc., in New York City, and contributor to The Merger/Acquisition Consultant newsletter, finds that, even for employees who keep their jobs, anxiety remains high. He says that with a merger a new entity suddenly exists which is unfamiliar to everyone. Things are turned upside down, and the three basic things all employees feel entitled to know—what is expected of them, how their performance will be measured and how they will be rewarded—become unanswered questions. For a time—and it may be a long time—there may simply be no answers.
In this sort of reorganization, you and your employees are likely to be left hanging, wondering whether your positions will be eliminated, restructured or combined; whether you will be demoted, promoted or asked to relocate. Continue Reading »
