5 POWERFUL TIPS TO RETAIN EMPLOYEES DURING MERGERS AND ACQUISITIONS The average attrition rate of an organization closing a merger or acquisition deal is 12%. Businesses can struggle if they lose valuable staff members just when they needed them most. Here are a few powerful tips to boost employee retention rates during mergers and acquisitions.
Identify Valuable Employees To Retain Identify employees that are critical to your enterprise and must be retained, right at the outset.
Offer Versatile Incentive Packages Do not limit incentives to monetary benefits and offer people other valuable things like a career enhancement course.
Be Transparent To Build Trust Be transparent in your dealings with the staff so that they trust you and do not think about leaving.
Create A Change Management Plan It is inevitable that some people will leave and therefore create a change management plan to sort things.
Generate Feedback From The Eamployees Ask your employees about the retention efforts to assess the plan’s effectiveness and to know what more needs to be done.
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