If your business is going to go through a merger, it’s important to manage that merger despite the changes that are happening. Your two companies may be combining, but the merging of your businesses doesn’t have to be disorganized.
There are many tips that can help make a merger go more smoothly. Here are three:
1. Get people to talk to each other during the merger
The first step is to get people to talk to each other during the merger. By opening the lines of communication, it’s easier to see where there are issues with the merger and what’s going smoothly, so the problems can be corrected.
2. Cut down the staff early on, when needed
Another thing that can help with complex mergers is eliminating positions that aren’t needed. When you do this, you should look at the people in your company and in the other, so that you keep the best minds from both. This helps you keep the best employees while making those who aren’t a good fit redundant.
3. Keep your staff informed
Good information goes a distance in minimizing stress during a merger. Keep your staff members informed about the policy changes they may see as well as other issues they may run into. Address problems head-on, and be realistic about what people can handle while the merger is in progress.
These are three tips to help you better manage a merger. Good planning helps make it possible to merge two businesses with fewer delays, so creating a plan to combine policies, culture and procedures in the workplace should be the primary goal for both businesses.