How Mergers Affect Your Employees
When a company merges or acquires another company, there are often repercussions that affect the employees of both companies. Sometimes these effects can be positive, but more often than not, they’re negative.
Physical Jobs and Responsibilities of Employees
In a merger or acquisition, both companies are often under the same roof. That means that its workers now have to take on additional responsibilities or physically move from their old location to a new one.
In addition, there may be layoffs and the hiring of new people for jobs they previously didn’t do. You may want to contact business attorney Irvine to help your employees understand their new responsibilities.
Job Morale and Productivity
Mergers and acquisitions can affect the morale of employees. Even if it’s positive, new job changes may cause anxiety among workers who aren’t sure how to cope with these changes.
If they’re laid off due to downsizing or closing down one part (or all) of the business, their productivity will also suffer because they may be upset and pessimistic about the new changes.
How to Minimize the Negative Effects of Mergers on Employees
Both ongoing and outgoing employers may offer their employees incentives to stay. These can include pay raises, bonuses, or other benefits as a way of saying thank you. That’s a token of appreciation for all their hard work.
How Attorneys Can Help
Attorneys may help ensure that any layoffs or job changes are legal and fair. An Irvine business litigation attorney, for example, can help ensure that the company is following all local, state, and federal laws when it comes to layoffs or downsizing.
Furthermore, they can also represent employees concerned about their job security during a merger or acquisition.
Give Brockmeier Law Group a call at 310-425-3431.