We are pleased to say we now have a goal, and we have a plan. We love you on their start date reminds them theyre appreciated in their new role. Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your company. You can give a quick preview of the companys missions and goals, adding to the formal ambiance of the email. Lets take a look at our next sample letter. WorkTango is built for the workplace we all want to be a part of where priorities become clear, achievements are celebrated, and employees have a voice. Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. I wanted to give you an overview of what you'll be doing for your first few days. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. Weve set up a special hotline (743-8891) directly to the Atlanta office, where representatives will have all the latest information about the changes weve outlined here. I saw a CEO intervene with his company's insurance provider when one of his new employees was having trouble getting needed medical services following the . DTTL and each of its member firms are legally separate and independent entities. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. Outline the letter. Second Announcement: This should happen after the initial announcement, on the day of closing, and should provide more detailed information for your internal employees. This template has a casual feeling to it. 2. Since most mergers and acquisitions fail, this ongoing communication to keep your new band of employees aligned and working towards one goal will greatly improve your chances of success. Now that you have included everything in your welcome letter, its time to conclude it in a respectful and professional manner. Register 2 months in advance and save $1,000. We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead What should I say? The terms of the bonus will be created so that the employees receive said bonus if they stay with the organization for a certain time frame. We also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. We're excited to add another person to our growing team. Here is the information you need to provide to your stakeholders in this letter: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'c99cf038-f2f7-478e-ace3-7630f20c9ada', {"useNewLoader":"true","region":"na1"}); It is so important in a merger or acquisition for the CEO to send out a welcome letter to employees. There should also be a copy of this for external use sent out to the press. I have been learning about LinkedIn [] Ballmer town hall (microsoft) As the company announced the shocking news that it's to buy Nokia's devices and services division, outgoing Microsoft CEO Steve . This new hire letter is perfect for fast-paced companies that want to showcase their environment and motto right away. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. Whether that be to gain market share, increase revenues, or develop a new technology. You should include fundamental business information. Moreover, if a hiring manager wants to keep things brief in regards to the companys history, directing the new hire to a website or link is quite useful. Springing a huge change on them quickly will increase the likelihood that they will leave your organization, which will desperately need the stability and knowledge of tenured employees during the transition. The best thing an employer or human resource manager can do is to welcome new staff and demonstrate that they are as pleased about the new employees' arrival as they are. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. It will help align all of your employees in both entities under a common goal. Set general expectations for success. Company leaders will be visiting the new operations over the next few days to talk with employees about what this transaction means and what they can expect going forward. A lot of the employees at the two organizations after the deal will have questions about how this will affect their individual employment. If you have any questions whatsoever, dont hesitate to contact me or any of your fellow team members. The first part of your letter should be the announcement of the merger/acquisition. 25 Heartfelt Employee Appreciation Ideas. There is usually a brief period of silence after an acquisition. Key Takeaways. We welcome __(Name of purchased Company)__ to our family. Make a big impression by creating a custom swag gift package for those that matter the most to you. A personalwelcome letterserving up a littleP.S. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. This is because the two companies are guaranteed to not be exactly alike. Read: The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing a merger or acquisition. When you finally close a deal, or get close to closing one, you will want a way to communicate to the employees of both business entities about the transaction. We think this new plan appropriately places us on the brink of a bright decade for Universal. On a personal note, I love working with all of you. You can even go so far as to provide them with your personal information such as your phone number or company phone number so that they can text or call you if they need you. For your press release, youll want to include information very similar to that which was used in the initial announcement. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. We've set up meetings with the employees you need to meet. Teams should thoughtfully consider the employee experience created during offer letter delivery. Sep 2, 2013, 10:18 PM PDT. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. So if youre ready to make work lives better, schedule a demo today. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. Your meeting agenda for the rest of your first day will involve planning your orientation with me and setting some initial work goals so that you feel immediately productive in your new role. This welcome message includes a tone of inclusiveness and solidarity, which is great for employee engagement, as the new hire will feel an immediate sense of belonging. Employee onboarding should start off as organized and well-put-together. Want to know another huge reason that mergers and acquisitions fail? Delivered by? Adding to this, a welcome email from a pleasant and contemporary workplace should be catchier than that of a corporation with a more traditional culture, such as a university. Communicate the company's core values. You'll also share an office with her so the training can be ongoing. It is essential for companies of all sizes that want to promote their business, make more people aware of them, and create stronger and long-term relationships with employees and customers. We anticipate no changes in coverage or costs as a result of this agreement. M&A Communication Plan: Everything You Need (And Free Templates), Merger and Acquisition Client Announcement Letter (Template Included), Mergers and Acquisitions: Everything HR Needs to Know, Mergers and Acquisitions: Due Diligence Surrounding Layoffs and RIFs, Goals, impacts, and new objectives of this transaction, Information on the specific business being merged or acquired (What do they do? It's still fine to move forward, right? HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and delivering an offer letter. Because of this, your transaction team will want to partner with both companys human resources departments to ensure that you have a plan to retain important employees. Shipping is anywhere in the contiguous 48 states at one low rate. The practice of welcoming a new employee to your organization should ideally begin after theyve approved the job offer but before their first day. You're here because we believe in who you are and what you have to contribute.". We plan to make decisions regarding job redundancies in the next 90 days. Dear Quest Employees: This morning a press release went out announcing that we have entered into a definitive agreement for Dell to acquire Quest Software.. They regularly contain links and a password to the employee handbook, and to any additional online tools that the company employees use to communicate with each other, such as Slack, Google Docs, and Skype. (Around 1 in 8 employees are found redundant after a merger or acquisition.). The . I speak for the entire company when I say were excited to have you here. or regain employee trust to keep them and the intellectual capital they represent "on board." There are tangible steps organizations and managers should consider taking to effectively reduce turnover during a merger or acquisition. Theres a lot to learn in these first weeks, but I wanted to take a minute to start with the heart of the matter our company core values. We'll expect you at 9 a.m. FYI, the dress code here is business casual. Three of the top reasons why employees leave after a merger or acquisition are mistrust of leadership, job insecurity, and disliking the new company culture. Share the company's values and mission statement. Start your letter by welcoming the employee to the company and team. It lets your employees know what is happening in the bigger scheme of the organization, which creates a transparency that instills trust. Should you have any questions, Im here to help! Our dress code is casual. And that is just one issue to worry about! They will come to you with any problems and be calmer once they arrive. This could be a PDF, or a link to an intranet website page. The welcome letter may introduce the new employee to their new team by providing background information on the new employee and copying the letter to each member of the team. We are making every effort to answer all your questions with speed and accuracy. Ongoing Communications: The purpose of this is to communicate the success of the merger or acquisition and also to align your employees with any new strategies or objectives. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. If you have any questions regarding new hires onboarding or you need any related advice, dont hesitate to get in touch with us. 8150 North Central Expressway A welcome letter to a new employee is a nice way to say welcome to our team. We believe that with someone like you, our team will only get better. Delivering this key information early, but waiting to deliver an offer letter, gives acquiring companies time to thoughtfully harmonize compensation, benefits, and employment terms. Closing Letters to All Impacted Stakeholders: This should happen after signing the deal and will be sent out to customers, vendors, partners, suppliers, etc. All of this is an amazing accomplishment. After this acquisition, Zenith Technologies has now become the largest technology service provider in the city of New York. If you need a hand, have an unanswered question, please fill out our contact form and our friendly sales staff will get back to you ASAP! They should include boilerplate information related to confidentiality, contracts, and what else. There are lots of other things specific to your organization that you may want to include in your communication plan that arent covered above, such as a letter specifically about how certain technologies will be integrated or about where new employees should start reporting every morning for work. He'll help you get to know the company and your new department. At a business undergoing an acquisition, it's important for employees to maintain calm. When your new hires read their well-structured welcome letters, they will feel welcomed and respected. Today Universal and Harrington Uptown have reached an agreement to merge and restructure their organizations so both can devote time, resources, and expertise to what they know best in the _____ industry. 1. At the few sites where our studies are still incomplete, we will continue to listen to our own staff and work closely with them, keeping you informed every step of the way. What touch-points should I have in my communication plan? [DATE, ex. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. Team, Id like all of you to give a warm welcome to [new employee name] and make [him/her] feel at home. Step #2: Show enthusiasm. Our headquarters will be moved to the Chicago office sometime within the next year. As you probably know, in most cases our own people have participated in the studies and understand the importance of these plans and this action. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. Bozell, Inc., has charted a new course through the murky economic waters of the industry downturn. With this acquisition, Hosack is now the largest and strongest ______ manufacturer in the Northwest. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? In the interim period, we anticipate operating as we do currently; no changes in management have been discussed or approved. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '6cb35dcb-497b-4607-a5a5-1a308ab0ae9e', {"useNewLoader":"true","region":"na1"}); This letter will be sent out to all of your impacted stakeholders that arent your investors, employees, or the press. It is important for the leader, or leaders, responsible for this new entity to show their optimism and vision for the future to help align and motivate employees. It will make a new hire feel at home on the first day and more connected to their surroundings. Thank you for your hard work and past loyalty. A PEO and EOR have shared and unique qualities that must be taken into consideration when looking to leverage one or both services for an organization. PRITCHETT, LP You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. Dallas, Texas 75206 Besides, to avoid using an exclamation point, just explain your enthusiasm; you can use a term like thrilled or excited.. I anticipate that your second day will involve more co-worker meetings to understand the department. Each of us will play a role to ensure your successful integration into the department. So, while focusing on this initial announcement is great, you will also want to have letters prepared for each of your specific stakeholders that will notify them of this change sooner rather than later. Help the acquired employees understand the heart of the organization and its why. Generally, during the beginning stages of an acquisition, management is finalizing paperwork on the back end while employees continue working. 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