Among businesses, transition is part of the normal evolution of the market as companies seek to grow, consolidate and experience new success.
Among businesses, transition is part of the normal evolution of the market as companies seek to grow, consolidate and experience new success. Just because it's normal, though, doesn't mean it's easy, especially for workers. In fact, this can be one of the toughest periods in which to keep employees engaged and motivated, making reward and incentive programs all the more necessary.
Keep calm and carry on working
Changes to company structure can undeniably cause anxiety among workers, as they try to assess where they will fit into the new firm or if they will get lost in the woodwork, Forbes wrote. There are a number of strategies, however, that business leaders can use to soothe employees' fears and make sure momentum doesn't slow down during this period.
First, the news source asserted, a merger or consolidation can make workers feel like one in a crowd of millions, so much so in fact that their effort and engagement levels plummet. It is up to leaders then to ensure employees remember their role in previous successes and how they will continue to occupy this position and shoulder responsibility.
Company managers and owners can do this by playing the part of the coach, which can be accomplished by laying out the new structure, roles and responsibilities and how each individual will contribute to the overall success of the new venture. Doing so in a transparent and comprehensive manner will go far in easing tension and promoting productivity as usual among employees.
Furthermore, by understanding that they haven't been lost in the shuffle, workers will still feel responsible for hitting metrics and goals they previously had established.
"Their responsibilities will not lessen during integration, in fact, they may just expand," Forbes asserted. "The larger company made a significant investment in the acquisition and will be looking to get return on that investment. By continuing to hit the metrics that made your company successful in the first place, you will guarantee that ROI."
By practicing good communication, including one-on-one check-ins, reward programs and open office hours, business leaders can take the right step in maintaining productivity and a healthy work environment. Transitions are not easy no matter the situation, so the more companies can do to ease the move, the greater the chance they'll see success in their future endeavors.