Retaining employees after a merger
What credit union execs, HR and managers can do to make M&A transition.
While mergers and acquisitions (M&As) can represent a new opportunity for growth at a credit union, they typically create more fear than enthusiasm at the employee level. From the executive team to the tellers, employees will wonder what their place will be in the changing organization—or if they’ll even have a job going forward.
Lattice’s 2024 State of People Strategy Report found that in the best-case scenarios, HR teams felt supported by executive leadership during several stages of layoffs and mergers—not just the initial communication about the changes.
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