Keep Your Career On Track Following A Merger
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“It was recently reported (in The Straits Times*) that 87 per cent of companies believe mergers and acquisitions are likely to increase over the coming years,” says Chris Mead, General Manager of Hays in Singapore.
"This is due to consolidation of various industries in response to the global economic climate."
"While a merger is beneficial to the business, personal fears about job security or departmental reorganisations often stop us from seeing the career potential. A merger can have a positive impact on your career, providing you act in the right way."
Hays offer the following tips to keep your career on track during a merger:
Research the new company and speak to as many people as possible both internally and externally to better understand the organisation you are now working for.
rnGet to know the new managers. Seek out appropriate opportunities to talk about your responsibilities and what you can do to help make the company succeed.
rnThe new owners bring their own unique way of working. Accept and adjust to this new company culture.
rnIf it’s known you are flexible, your potential job security increases. For example, you might be able to take on additional duties, learn a new skill, gain a new qualification or move to a different office.
rnBe visible in the workplace. Often people duck for cover at the mention of a merger, but this is an opportunity to step up, put in extra hours and make your presence known. Do a good job and new managers will appreciate the vital role you play.
rnIt’s not uncommon for interviews to take place between the new management and existing staff. Arm yourself with facts and figures to support your contribution to the company. Collect examples of work or client testimonials. Prepare just as you would for a job interview.
rnYour workplace is not the same. Accept this fact and use every opportunity to get to know the new company and the way they want things done. Act as you would when you first start a new job - dress professionally, act professionally and communicate professionally. Aim to impress.
Meet with your boss to understand her or his expectations of your performance and responsibilities. They might assume your job function includes elements it had not previously, so be prepared to accept new responsibilities.
rnPerhaps a mentor from the acquiring company will help you assimilate more quickly. Sometimes it’s the little pieces of information that can help most, such as what to wear or who to talk to in HR.
rnFrom a new computer package to the management style of your new boss, learn the new methods of operation. It will help you integrate quickly into the new company and your efforts will be noted and appreciated.
rnAvoid rumours and remain positive. As well as ensuring you act professionally, a positive attitude will help you cope with any resultant pressure from the merger on staff.
rnA merger can create new opportunities that would not have otherwise been available to you. Perhaps you can learn a new skill, take on new responsibilities or train staff in an area of your proficiency. Be open-minded and volunteer where appropriate.
rnEven if your job is secure, update your CV. Call a recruiter and understand your market worth and potential, just in case.
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