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Tag: termination

How Much Does It Really Cost to Replace Employees?

Good employees are the champions of your business. Their uniqueness and skills bring special qualities that help your company prosper. It can therefore be difficult to lose these types of high-quality individuals when they move on to other career opportunities. It’s challenging to see them go, but it’s even more challenging to replace these employees. No matter how much time you have to prepare for their departure, it’s often still difficult to find someone to fill their shoes. Replacing employees is also costly in many ways: it will take time, it will take funding, and it will take a lot of effort.

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What Happens to Employees After an Acquisition?

If you’re an employer, an acquisition is a good thing. This means that your business gained so much revenue and popularity that another larger company sees its potential and purchases it. If you’re an employee, you may have a different mindset about acquisitions. Unlike employers, employees often do not sit back and relax when they hear about this transition. After an acquisition, employees are nervous about their job security, and rightfully so. All of these changes cause confusion and nervousness among employees, and that’s why we’re here to clear things up:

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