Contact Menu
Baker, Dublikar, Beck,
Wiley & Mathews
330-470-7780

Reassuring your employees during a buyout

For a small company, a buy-out can mean great things. It generally means that you've successfully made some inroads into the market or field.

But buyouts are also scary for employees. During the merger and acquisition process, you don't want to lose your best people or have them jump ship out of anxiety over the changes. Plus, all the stress associated with career anxiety can definitely cause productivity to drop.

How do you help a buyout go more smoothly and reassure your employees about the future? Here are some suggestions:

Communicate clearly and often

Almost every human interaction can be improved through good communication. You need to step back and think about what you would want to hear or know if you were in your employee's shoes -- and then deliver. Maybe that means giving them a timeline of what they can expect and updating it regularly with changes. Maybe it means explaining -- in plain English -- the "why" behind whatever the company is doing. Even just admitting that some things are uncertain right now can make employees feel less like they're being kept in the dark about the future.

Accept that there will be some grief involved

It's normal for employees to be dismayed about changes in their company culture, office routines and their brand identity. Mergers and acquisitions can be particularly hard on long-time employees. Don't respond to grousing with frustration. Instead, recognize it as a symptom of grief and acknowledge the loss. Give those employees time to get over their sense of grief before you ask them to start getting excited about the future.

Work on building a unified culture

The last thing you want to develop is an entrenched sense among your employees that it's "us versus them" when it comes to new members of the team or new bosses coming in from the other company. You need to foster a sense of unity by encouraging both sides to treat each other as equals and act as part of a team.

Business mergers and acquisitions can be scary for everyone -- including the people in charge. Find out how an experienced attorney can help.

No Comments

Leave a comment
Comment Information
super lawyers a v | lexis nexis | martindale hubbell | peer review rated | for ethical standards and legal ability the best lawyers in america ohio state bar association | est 1880 stark county bar association
Email us for a response

Office Location

Baker, Dublikar, Beck, Wiley & Mathews
400 South Main Street
North Canton, OH 44720

Phone: 330-470-7780
Fax: 330-499-6423
Map & Directions

Contact Our Attorneys

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back to top