When recruiting, look to merger survivors-not their laid-off brethren.
You may not have considered it before, but the increasing number of mergers and acquisitions can actually help you find qualified workers. But instead of chasing after the displaced workers, take a closer look at the survivors: they may be ripe for picking.
Disenchanted survivors of mergers are often ready to make a move. Many find themselves with more work, the same salary and a less-than-friendly working environment. "When I'm looking for talent, of course I want to know who has been let go [in a merger], but I also find out who is still there," says David Preng, president of Preng & Associates, a retained executive search firm in Houston. "These employees are usually high-caliber and, as survivors, they may be dissatisfied because of cost-cutting pressures."
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
How Millionaires Prepare for a Recession, According to a Former Wall Street Trader
5 Self-Care Habits of Every Successful Entrepreneur
Listen Closely to What People Ask You. That's Where to Find Your Hidden Power.
Gen Z Customers Want More. This 3-Step Strategy Will Help Your Company Give It to Them.
This Founder Was Madly Pulling a Pandemic Pivot When...the FBI Showed Up at Her Door With Guns, Seized Her Money and Told Her Husband He Was the Target of a Criminal Investigation
Take Customer Service to the Next Level With These Service-Based Franchises
Define Your Short-Term Goals With These 3 Components for Long-Term Success