A company’s success depends on engaged employees. When an employee works towards accomplishing a company’s goals, the company grows.
Highly engaged companies outperform other companies by 147%, according to reports.
The environment becomes a little stressful amid mergers and acquisitions.
Some employees’ production is minimal amid mergers and acquisitions, and they are inclined more towards optimizing their resumes. Or some apply for loans for people on benefits from a direct lender if any emergency arises.
This estranged feeling emerges from the company’s neglect. If you want your employees to work unaffected, you need to open up about the current situation, and it will help keep them interested and ensure confidence.
Lack of clarity on the matter, fume rumours. It makes the employees panic, and a merger is challenging for both the company and employees.
Keep your employees engaged by making calculated moves.
Tips to Maintain Employees’ Progress After a Merger
Mergers and acquisitions have a profitable strategy to grow the business for many companies. Every merger is an opportunity to scale up a company’s reputation and dominance in the market.
Merged companies onboard new employees and integrate them into the new culture. On top of this, mergers and acquisitions lead to uncertainty. They may feel disoriented, unmotivated, and distracted while working. An organization should work with immediate effect on catering to every issue employees face.
In addition, the merger brings significant changes to the team leads and managers. Your employees should feel included and valued. Here is how you can ensure employees engagement:
Waive off rumours
Rumours do no good to any organization. Instead, affect the reputation, and the ongoing merger catches the buzz.
Employees turn to others and talk about the issue. This discussion leads to increased curiosity, confusion, and anxiety in your workforce.
How will you tackle this? You can debunk the superficiality and play a role of a leader here:
- Host an open-conversation program with employees
- Address the curiosity and questions your employees have
- Educate employees on what this merger means to the company’s growth
- Manage any concerns you receive on social media
- Encourage employees to talk out their fears
Opening up and discussing the direst consequences and benefits of the merger will encourage your employees. Thus, if the situation calls for it, do the right thing.
Encourage employees to support the change
During mergers and acquisitions, an organization has a lot to do. Thus, they set up committees to manage every arena of the organization well. HR plays a key role in hiring dynamic candidates for unique positions.
It also helps encourage strong employees to be an unavoidable part of the transition. HR ensures analytical and management growth among employees.
And the merger of organizations upholding unique values promotes collaboration.
The primary aim of mergers is to mix top-notch values and work towards achieving a common goal.
How can HR encourage workforce support?
Here is how HR can encourage employees to contribute to the merger:
- By building awareness about the merger among employees
- Encouraging and gathering feedback from employees
- Sharing and instilling energy and enthusiasm among employees
- Introducing a feeling of collectiveness among employees
- Listening to their fears and tackling them
- Imparting details of what merger and acquisition means for the company and employees
Therefore, HR plays an important role in the merger.
Empower managers and manage employees’ behavior
Curiosity and confusion can fume anxiety and aggression among employees. Thus, to prevent this, management needs to confront the situation. By cultivating a growth mindset, managers can adopt a positive and supportive attitude towards the merger. An effective recognition and implementation strategy involves:
- Knowing what to deliver
- The technique of how to deliver
It is indeed a crucial time for both the company and employees. Managers need to adopt a more lenient and supportive outlook toward employees. Leaders can promise rewards for active participation and the transition. Launch different practices to keep employees engaged during the merger phase.
The organization should ensure the technologically advanced tools and software managers require. Fill the confusion gaps in an organization.
An active organization promotes healthy employee growth. Develop a 6-week skill enhancement program and prevent employees from leaving. Educate and inspire employees to discuss issues without hesitation.
Encourage companionship among employees
A peer-to-peer interaction session can be impactful for an organization. These programs help employees gain awareness of the company’s values. It helps instil a sense of companionship and achieve goals collectively.
For example, you can launch a 15-month artificial intelligence program focused on upskilling employees with advanced technology.
Artificial intelligence is a booming skill and will gain popularity in the coming time. It should be rewarding.
Employees looking for skill enhancement will benefit from this initiative.
Address your employee’s current needs and determine how to benefit them. In this crucial hour, they need your encouragement and support.
A dedicated workforce contributes to the organization’s welfare, and it is like an onus on the organization to pay it off with Gratitude. Provide your employees with the honour they deserve and explain why you want them to be an inseparable part of your prestigious firm.
According to a fact, “Gratitude is an antidote to negative emotions. It helps neutralize every emotion of envy, jealousy, confusion, and disappointment.” Thus, companies undergoing mergers should uphold Gratitude upmost.
Just two words, “THANK YOU”, can have a magical impact on your employees. Revering them with the deserving honour eliminates every confusion and fear of losing. Yes, the right time to act is -NOW!
Measure the progress
To keep a tab on every business aspect and revolving employee behaviour, switch to an advanced measurement board.
Simply sending emails, encouraging messages, and explaining the importance of mergers won’t help. One needs to move the extra mile to tackle the fresh employee mindset.
Conduct surveys to know your employees’ state of mind. Analyze what they expect from this merger? Are you nailing on their expectations?
If not, how can you make it possible? Ask powerful and thought-provoking questions about your employees every 3 months. Analyze their reactions to the same. It will help you identify employees’ expectations and the techniques to achieve so.
What questions can an organization ask in a survey?
You can ask questions like:
- How does an employee see a merger?
- What opportunities do they expect from a merger?
- Will the workload increase in a company undergoing a merger?
- Will employees receive the same regard post-merger?
- Do you need to reveal the list of direct lenders in the UK you will engage with?
- Do employees trust in your capacity to make this merger a successful one?
This post-merger survey can help you gain new insights into how your employees view the merger. It will help you identify:
- Are employees struggling with the fear of losing their identity?
- Are your employee feeling directionless?
- Does your company lack an impactful communication system?
Having answers to these questions will make a merger successful.
Encourage employee’s participation in decision-making
After conducting the survey and pondering over it, encouraging employees to make decisions during a merger grants them a sense of dominance.
Encourage employee support in improving the guidelines. Ask them how could the situation be made comfortable for them? Ask them for the support they need in these times. It will upscale your company’s growth and streamline operations.
A merger can be stressful for employees. Thus, identifying and attending to their fears should be the topmost priority for any organization. When employees see growth, they engage. Encouraging feedback, inspiring, and instilling trust go a long way.