In the past, companies were usually discrete entities for all of their existences. Owners and shareholders managed businesses to the best of their abilities and rarely played games with the economics of mergers and acquisitions. However, today's financial system sees organizations blending into one another or completely consuming smaller companies. This can be helpful for employees of all the entities in such interactions and may even cause wages to rise or conditions to improve.
However, the various agreements that separate companies may have had with their workers will need to be readjusted. Company policies and geographic requirements that once made healthcare coverage and other employee benefits possible may now conspire to completely change the entire equation that controls the plans that staff members are subject to.
This means that no organizational shake-up should ever take place without first obtaining the services of an employee benefits consultant. Without the expertise of this type of professional, a merger can become bogged down with the bureaucracy that comes from trying to make insurance plans and benefits coverage match up with the expectations of employees that worked for the previous component parts of a new financial entity.
