How to Save Your Job Amid a Company Merger
When news of a merger or acquisition breaks, anxieties escalate in
the organizations involved. Rumors about what will happen run rampant, and many
employees who fear losing jobs scramble to write resumes. In many cases, their
fears are justified.
Those most at risk following a merger include employees working in
duplicated roles and those whose value to the organization isn't clearly
apparent. Others who are vulnerable include poor performers and employees who
resist change.
"There are real reasons to be anxious in certain kinds of
mergers," says Susan Maloney Meyer, chief executive officer of Arc
Leadership, an executive-coaching firm in
Lee Rosenthal wished he had taken a more active role when his
employer, direct marketer Metromail, was acquired by Experian, a global
information-services company, in 1998. Since he had a good reputation and
relationship with his bosses, the information-product manager expected to be
given a satisfying job in the post-merger company. He was wrong.
Following the acquisition, he was never sure what he was supposed
to do. In the end, he resigned voluntarily. In hindsight, Mr. Rosenthal
believes he should have introduced himself and showcased his capabilities more
forcefully. "I learned the hard way that you always need to take care of
yourself," he says. "No matter how good your relationships are, you
can't expect other people to do that for you."
Learning From Experience
Mr. Rosenthal decided to do things differently when it happened to
him again. He was vice president of client services for
This time, he was part of Markets on Demand's management team, so
he knew what was happening and when. Although his job was vulnerable because of
redundant functions, he lobbied strongly on his own behalf.
"I was very proactive to seek out my new boss and very
positive in speaking about the future," says Mr. Rosenthal. "I made
it my job to make him think I was a critical part of the company, someone whom
he needed in order to be successful and someone he could trust."
Mr. Rosenthal also volunteered to be a liaison to the new
company's human-resources and finance executives during the integration. This
broadened his exposure and helped him to meet more people. Eventually, he
became friends with the lead HR specialist, who explained the acquiring
company's culture and how best to navigate it.
A Decision-Maker's View
John Ardis, vice president of corporate strategy for ValueClick
Inc. in
"What many people don't realize is that by the time a merger
is announced, a lot of decisions have already been made," says Mr. Ardis.
"If you weren't performing well before the merger took place, it may be
time for you to consider other options."
If you want to stay, now is the time to step up to the plate and
make a contribution. "The first thing we look for is redundancies,"
he says. "Where there are obvious redundancies, we tend to look for who's
the stronger one. The bottom line is that you have to be a rock-solid
performer."
Team Players
Even if you hold a duplicate role, positioning yourself as a team
player can improve your prospects. Reach out to executives from the acquirer
and help wherever you can. Executives who understand the reasons behind a
merger and the strengths of the two companies are more likely to thrive
following a deal, while those who don't often flounder or are let go.
Volunteer for the transition team. "You need to take on some
responsibility. Step out and understand what the acquirer really needs and what
you can do to help," says Ms. Maloney.
By participating in the transition, you may be able to identify
potential job opportunities or persuade decision-makers to find a new role for
you after the reorganization, says Susan Cramm, president of Valuedance, an
executive-coaching firm for information-technology professionals in
Attitude Adjustments
Being perceived as an obstacle to change is a red flag that may
lead to your ouster, says Ms. Cramm. Mr. Rosenthal says one co-worker nearly
lost her job because she seemed to disapprove of the deal with Acxiom. The
employee was given coaching, which helped to change her attitude and save her
job, he says.
An employee who worked with Ms. Cramm at a company involved in an
automotive merger behaved the same way. He didn't say he disliked the deal but
showed his disapproval in other ways, for instance, adopting a wait-and-see
attitude rather than being helpful. "He may as well have painted a
bull's-eye on his shirt, because he called attention to himself in [the wrong]
way," says Ms. Cramm.
Having a good attitude and offering to help during a merger
transition is never risky, she says. The real risk "is denying reality, hiding,
being negative."
Mr. Ardis adds: "Be very, very useful. Ask the question: 'How
can I help?' While everyone else is hiding in the bushes and hoping it will go
away, you can be making a good impression."
-- Ms. Hirsch is a career counselor in Chicago and the
author of "How to Be Happy at Work" (Jist Publishing, 2003).
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Article from
CareerJournal.com Today – November 2005