In yesterday’s post, we discussed the process of mergers and acquisitions (very roughly) and its implications for employees. Today, let’s talk about the career prospects for those employees.
Stay or go?
When companies merge, culture changes. Sometimes the change is slow and gradual, sometimes it’s immediate. In cases where a large company acquires a small one, the culture and environment of the target company can be obliterated overnight. Before you start making any decisions about things to do, you have to decide whether you even want to be a part of the new entity.
Fortunately, it’s easier than ever to research how things are at the other company. Start doing concerted searches on various forums and discussion posts about what the culture and level of happiness is for the other company (regardless of which one you’re in). If you find things aren’t quite so rosy, there’s a good chance that when the merger completes, things will be very not rosy in the merged company.
For that matter, if things aren’t so rosy in your own company, unless your company is likely to be dismantled and absorbed entirely into the acquiring company, things will actually get worse for a while. That should weigh on your decision to stay or go as well.
Your decision: go.
If you choose the path of go, then you need to immediately begin building out your base (actually, you should always be doing that no matter where you are or how happily employed you are). Mergers and acquisitions tend to take a long time – months, sometimes years – so if you’ve just heard about one, you have a little bit of cushion to get moving.
When I was doing recruiting and placement back in the day, I always advised people of my golden rule: never leap unless you know where you’re going to land. Don’t ever quit on the day you read about the merger on Mashable or in the New York Times unless you’ve got something lined up.
While you still have access to coworkers and resources, take the time to quantify and document all that you’ve done in your current role. If you have a sense of timing (say, from a press release about the merger), then take on or get involved with a project that will have a quantifiable impact and will likely be done before the merger is complete as a showcase piece for your personal portfolio.
Take the time to set up a thorough, complete profile on LinkedIn and garner as many legitimate recommendations as you can, especially from current coworkers, supervisors, and subordinates if you have any. Obviously, if you’ve done nothing noteworthy, this will be a harder task than if you’ve racked up some accomplishments.
We’ll cover many more of these tips in an upcoming social job search Webinar.
Your decision: stay.
If you choose the path of stay, then continue building out your base, but stay as attuned as possible to what will be changing in the organization. Especially in larger corporate mergers, there will be both overlap of job functions as well as new positions being created. Take advantage of your internal network to tune into what’s happening. Make a point to routinely visit human resources for internal job postings, not only to see if there are lateral or upward moves you can make, but also to look for the tone and tenor of what might be changing based on what the organization is looking to hire for.
Use social media to your advantage and find as many of your coworkers as well as future coworkers in the other company, then follow them and listen closely. See again if you can garner any sense of tone and information about what’s going on from the biggest possible picture. Do the same as above for yourself as well with regards to LinkedIn. Gathering legitimate recommendations for your profile about your current work is a stupid-simple asset to create that provides very public proof of your competence.
Here’s a obvious-but-not-obvious secret from the world of open source intelligence gathering: lots of little things add up. No one will outright talk about major organizational changes or major moves in a merger – such things are usually confidential. However, information leaks in little pieces all over the place. Let’s say, for example, that you’re following the developers you’ve identified in your organization and suddenly, simultaneously, their posts on Facebook or Twitter go from casual everyday stuff to career-focused stuff, or their posts go from average mood to decided negative all at once, all together. Combine that with sightings of the head of development spending a lot of time in a suit, talking to visiting executives from the acquiring company, and you might get a sense that your developer team has been identified for headcount reduction.
If your company is publicly traded, look for what your executives and other executives are doing with their stock shares, as they are legally required to disclose insider stock trades. If you suddenly see every major executive dumping shares, perhaps the merger isn’t going as well as it should be.
Ultimately, if you choose the path of stay, you have to do as much as possible to stay informed while racking up as many accomplishments as possible so that in a contest between you and an overlapping employee in the other organization, the only rational choice is you.
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