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Employee Benefits: What You Should Think About During the M&A Process with Scott Bostley
Manage episode 433895590 series 3561104
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When companies are merged or acquired, the integration of employee benefits can be just as significant as the consolidation of business operations. In this episode, we delve into the critical role of employee benefits in mergers and acquisitions, highlighting the importance for both buyers and sellers. Joining us for this discussion is Scott Bostley, Founder and Managing Partner of Benefit Strategy Partners (BSP), a leading provider of fully integrated, flexible, and creative employee benefits solutions for small and medium-sized businesses. Scott underscores the significance of employee benefits in the M&A context, not only from a liability perspective but also for maintaining continuity in what is often a company's most valuable asset: its workforce. He also stresses the importance of involving the right advisors throughout the process, doing the proper due diligence, being as transparent as possible, and much more. Tune in today for expert insights on ensuring a smooth transition and safeguarding your workforce during M&A!
Key Points From This Episode:
- Four common mistakes that businesses make with employee benefits during M&A.
- Why both buyers and sellers must acknowledge the importance of employee benefits.
- Tips for communicating benefit changes to your combined workforce.
- Valuable lessons from successful (and not-so-successful) integrations.
- Reasons to blend benefits plans as early as possible in the process.
- What sellers can do to prepare themselves and their employees for an eventual sale.
- Risks to employees during M&A that result from inadequate due diligence.
- Whether it's necessary to disclose serious health conditions among your employees.
- Why operating in a silo will create more issues than involving all the relevant experts.
- A quick recap of the key takeaways from today’s conversation.
Tip of the Day: When buying or selling a business, make sure to include all relevant experts from the start!
Links Mentioned in Today’s Episode: Scott Bostley on LinkedIn
Scott Bostley Phone Number — 617-686-9566
Disclaimer:
The material on this site may be considered advertising under the rules of the Supreme Judicial Court of Massachusetts. This site is solely for informational purposes and provides general information only. Nothing on this site should be construed as legal advice or consultation either generally or in a particular case. Neither the receipt nor the distribution of materials constitutes the formation of an attorney-client relationship.
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