Company mergers and the effect on employees and consumers.
· On-line research (On-line Magazines, News Groups)
· Human Resources
Why the topic is important:
· Mergers have affected our group, and it is a growing trend in the American businesses today.
A merger is achieved when a company purchases the property of another firm, thus absorbing them into one corporate structure that retains its original identity.
Consumers are everyday
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companies will have to deal with new people, new procedures, possibly more work, and the loss of previous coworkers and friends.
Be realistic in your work flow planning. Plan for people to be less productive than normal as they deal with the changes. Expect to lose some good people who are not comfortable with the new organization. Give yourself and your department time to work through the changes and get back up to full speed.