Concentrix a divison of Synnex Corp said that it would acquire Convergys for $2.43 billion cash and stock deal that would accelerate the buyers position in the industry. Throughout the years Convergys has delivered consistent quality customer service in different languages around the Globe. According to sources the deal would deliver provide cost benefits and strategic advantages that will create substantial shareholder value.” In terms of mergers Convergys has previously acquired Stream Global Services and Datacom Asian Contact Services. While Concentrix has acquired IBM Customer Care Business last 2014. Fortune 500 previous ranked CVG at 746 while SNX was ranked at 198. The deal would appear to be positive for it's owners and shareholders however, the main question is how will it provide a better value for the employees. Have you experienced the same scenario wherein your company was acquired by a bigger company? Share your thoughts in
Klook.com After taking calculated risks, you have finally decided to leave your current employer due to health reasons, lack of career growth, or a greener pasture, etc. Just like you, I always look forward in receiving my back pay because it can be used as savings or as an additional fund that you can utilize while transitioning to your new job. Computation of back pay may vary depending on your company polices however, the following items should be considered. 1. Last Salary – your last salary may be withheld and will be release as back pay. 2. Pro Rated 13th month pay. 3. Tax Refund 4. Vacation and Sick Leave conversion (if convertible to cash). 5. Other deductions or liabilities – loans or lost equipment (Headset, locker keys, etc.) Illustration of Last Pay Slip for Back Pay Aside from your last pay the employer should also release your Certificate of Employment, BIR Form 2316 and a release waiver and quitclaim tha