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Tagged: #retention, Transparency
Should an acquiring company be transparent pre and/or post-closing on retention of employees, leadership etc. What are your experiences on experiences, best practices, pros and cons.
Yes – I think you should disclose your intentions of leadership roles and include any key individuals as part of the closing. On the larger level, I don’t think you can promise that the organization as a whole will not be impacted but being transparent in your goals of the acquisition should be shared
I also think transparency is a must.
Thinking of layoffs etc. it of course can be a disadvantage to communicate that too early. But if you don´t appear trustworthy to the employees/management of the acquired company the best employees will leave anyway
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