Ask the Advisor – Q: How can I encourage employee cooperation during my business sale?

Description

Abstract: If a company ignores employee fear and anxiety about a merger, the individuals who compose the company can make a smooth integration difficult, if not impossible. This article explains that silence can make things worse. To ensure cooperation, it’s necessary to announce details of the sale as soon as possible, maintain complete honesty about any layoffs and work directly with key employees to secure their allegiance.