4 ways how employees can prepare themselves when their company is getting acquired
Jun 6, 2017, 17:44 IST
Be it Jabong or Snapdeal, whenever a company is getting acquired, employees of the company getting sold are the worst hit.
They undergo a trauma of getting fired and replaced by the company acquiring them, after all, in the wheel of cost cutting, employees get axed first.
“When businesses get into the wars of winning and success, the focus is market share, power and control. Boards and bankers put on their thinking caps and focus all their energies onto how they can get the best of both worlds. The fact that nobody is indispensible sets in an environment that leads most employees to believe that the change is a serious situation and many get shaken to the extent of leaving the organization in search of stability and peace,” said Pramod Parkar, Principal Consultant & Director, Edify Consultants.
Most of the employees feel too much pressure, which leads to too much disruption in their careers and work-life.
“The fact that should be most importantly understood is that the team coming into power needs to form a winning team. Sitting on a fence won’t help, you need to be firm, planted and patient. Your contribution and open mindedness can be a winning trump card to actually make hay while the sun is shining,” he said.
In case your company is also getting acquired, keep these 4 points in mind for success during turbulent times
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They undergo a trauma of getting fired and replaced by the company acquiring them, after all, in the wheel of cost cutting, employees get axed first.
“When businesses get into the wars of winning and success, the focus is market share, power and control. Boards and bankers put on their thinking caps and focus all their energies onto how they can get the best of both worlds. The fact that nobody is indispensible sets in an environment that leads most employees to believe that the change is a serious situation and many get shaken to the extent of leaving the organization in search of stability and peace,” said Pramod Parkar, Principal Consultant & Director, Edify Consultants.
Most of the employees feel too much pressure, which leads to too much disruption in their careers and work-life.
“The fact that should be most importantly understood is that the team coming into power needs to form a winning team. Sitting on a fence won’t help, you need to be firm, planted and patient. Your contribution and open mindedness can be a winning trump card to actually make hay while the sun is shining,” he said.
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