Global acquirers more successful at retaining valued talent
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., Nov. 02, 2017 (GLOBE NEWSWIRE) -- The effectiveness of financial retention agreements to ensure that acquired talent remains with the new company during a merger or acquisition has improved over the past three years, according to Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company. The company’s 2017 Global M&A Retention Study found that 79% of acquirers are successful in retaining at least 80% of their employees with agreements through the end of the retention period. In the company’s prior survey (2014) on global M&A retention, 68% met this threshold. However, it’s a different story one year after the retention period ends. According to previous Willis Towers Watson research, after that one year, only about one-half of the abovementioned companies retain at least 80% of employees who signed agreements. “It’s a tale of two results. Acquirers have made good strides at keeping key talent for an initial period, but there’s room
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