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Illustration: Brendan Lynch/Axios

CEOs are weighing buying other companies to solve their hiring woes.

Driving the news: A third of executives surveyed in a new KPMG report say they want to use mergers and acquisitions to acquire talent in 2022.

The big picture: As we've reported, 2021 was a record-breaking year for M&A — and 2022 could top even that. And M&A can be a quick way to bring in new talent as companies navigate the Great Resignation.

What they're saying: "We’re all experiencing this shortage of job seekers," Philip J. Isom, global head of M&A at KPMG, tells Axios. Companies that might have tried to grow organically in different times are instead looking into acquiring other firms as a quicker solution to their recruitment problems, he says.

  • KPMG added the question about using M&A to obtain talent to its annual survey just this year — as recruiting is a particularly salient problem.

But, but, but: It's not always easy to retain employees after a merger or acquisition.

  • Firms may have to offer incentive packages to hang onto top talent post-M&A, per McKinsey.
  • And it's not just about higher pay. Employees are focused on health care, flexibility in our new age of hybrid work, and benefits. "Child care especially has become a sticking point for working parents," Isom says.

Go deeper

Updated Dec 19, 2021 - Economy & Business

Companies give up on return-to-work

Illustration: Sarah Grillo/Axios

In the 22 months since U.S. companies sent their workers home, they've collected droves of poll data, paid workplace consultants billions of dollars, and drafted plan after plan — but they still don't know much more about post-pandemic work than they did in March 2020.

Driving the news: The latest factor to foil every return-to-work plan is the arrival of the Omicron COVID variant.

Hope King, author of Closer
59 mins ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.

First look: Senators propose bill to ban corporate PACs

Sens. Jon Ossoff and Mark Kelly. Photos: Chip Somodevilla (left), Courtney Pedroza/Getty Images

Sens. Mark Kelly (D-Ariz.) and Jon Ossoff (D-Ga.) will soon propose a bill prohibiting for-profit corporations from establishing and managing political action committees, according to a copy of the legislation obtained by Axios.

Why it matters: The introduction of "The Ban Corporate PACs Act" comes amid heightened scrutiny on Capitol Hill regarding money in politics, including efforts to bar companies from influencing political campaigns and federal elections. It would likely face a court challenge and First Amendment concerns.