Ever wonder what you would do if your company was acquired by a company you didn’t like?
Some of the Hyperion employees just went through this in 2005 when Oracle bought Peoplesoft (ouch!). What do you do when you feel Oracle’s culture – or any other acquiring company’s culture – is not right for you?
Your first reaction may be to bolt for the door as fast as you can.
Not so fast! It’s worth taking the time to assess your options. If you are fortunate enough to be considered for a position within the new company, you should seriously consider it.
A lot of people make the mistake of assuming, “If I go to the acquiring company, I’ll be miserable.” Like an iceberg, 90% is hidden underwater. The 10% at the surface might not look good, but what about the rest? What they should be asking themselves is “Would I be better off giving the new company a try?”
We think yes. And here’s our “Take Five” why:
In the short term, you will maintain your employment. It’s always easier to get a job when you have a job.
By joining the new company, you continue to receive a steady paycheck. This is critical if you have expenses like a mortgage where an interruption in salary could be devastating. A steady paycheck is better than severance pay!
You’ll meet new people and expand your network of contacts within the industry.
You will be working with some smart people. The acquiring company didn’t get in the driver’s seat because they hired dumb employees.
By adding a successful company to your resume, you’ll increase your marketability.
What many people forget is that in the long run everything is short term. As someone who was about to join Oracle said: “It’s not a life sentence. I am free to leave at any time. And I know that recruiters are always trying to pull people out of Oracle, because the company has a strong management team.” This woman was smart, looking at her options from both career and short term perspectives.
So try and put your emotions aside when you are confronted with the alternative of joining a company in which, at first blush, you would not want to work. Instead, treat it like you would any business problem – analyze the options available and carefully weigh the alternatives.
Heard any rumors about your company lately?