The first thing that comes to mind when an employee hears the word “merger” are layoffs. With layoffs come unemployment and with unemployment comes financial struggles and with financial struggles come foreclosure and with foreclosure comes divorce. You probably have heard the story before or maybe you have experienced it yourself. Although for some, this is definitely how the story may play out, but for others it doesn’t have to necessarily be all gloom and doom. Just breathe. Don’t let some of the unpopular components of mergers heighten your anxiety. Instead, learn how to use a company merger to your advantage. After all, there are many ways you can look at a company merger. And if you are uncertain how to positively view a company merger, don’t worry! Instead of letting your negative outlook influence your perception of the upcoming company merger, uncover the many possibilities a company merger has to offer.
Ways to Positively View a Merger
Great news! Although your emotions may be getting the best of you as the merger progresses, it is important to take a step back and explore the many different ways you can benefit from this company merger.
- Be Part of a New Legacy – Of course change is frightening. But a merger is no Amityville Horror movie. Well at least in most cases. However, change that deals with your way of living, financial status and career outlook can cause some serious anxiety. However, before you throw yourself into the deep end of the swimming pool, put your life vest on. Consider completing this little exercise before you make an assumption regarding the elimination of your position. First, assess the need for your position. Secondly, what are your current responsibilities? Next, will these responsibilities more than likely be outsourced or remain in house? Is there a comparable position with the new organization that does what you currently do? What types of other opportunities are available with the new company? Finally, discuss with your current manager your desire to remain with the new company.
- Severance – Let’s be real, not every employee will be able to continue with the new company. Instead, some employees may be eligible for a severance package, retirement or a buyout program through their employer. You can look at this as a good thing. First and foremost, this can allow you an opportunity to take a break from the day-to-day grind. For others, this may be an opportunity to transition into something new. Begin by writing down some of the ways you can capitalize on your severance package.
- Transition Into Something Better – Maybe you are one of those disgruntled employees that hate their current job. Maybe it’s the employer you hate or your coworkers you dislike. Maybe it’s the amount of money you make or the type of work you do. Regardless of the situation, for some, a merger may be your ticket out. An opportunity to start a new stage of your life, whatever that may be. Maybe it’s a time to pursue your passion or transition into a full-time parent role. Needless to say, a merger is a prime opportunity to transition into something new and better. It is important to be honest with yourself about what your next step will be if your position is eliminated.
Remember, a company merger does not necessarily have to be a bad thing.Although with change comes the fear of the unknown, which is definitely understandable.However, being proactive and actively seeking out other options prior to the close of the merger can prove to be very beneficial for you and your future endeavors.Take on the merger with your eyes wide open.Toss those fears aside and welcome the new opportunities a merger has to offer.Who knows, you may be better off than you were pre-merger.