HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and . Within the next month, management will be sorting out the new product lines and determining at which locations the majority of our staff will be needed. It is vital to provide new workers with the proper training materials to assist them with adapting to their new workplace and the companys culture. Copyright 2023 WorkTango. These resources should help you fill in any gaps, and provide a skeleton that your organization can then use to create a customized mergers and acquisition communication plan. US:+1 214 239 9605 These changes are beneficial for all our employees because we have opened new opportunities for advancement. Date. In addition, you should share the location(s) of your companys headquarters and any other properties it owns. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Start their journey off right. You can even show them images of how your staff relax or take a break, some facilities you have, etc. Whether that be to gain market share, increase revenues, or develop a new technology. "Welcome to our unique, collaborative, dynamic and energetic team! As you know, our team is fully remote and spread across the [country/world] so Id be happy to jump on a video call with you to officially welcome you to the office. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. 2023. 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. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Pinterest (Opens in new window), Letters and Memos for Training Announcements, Selections And Confirmations. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! For example, if you are merging with an organization that uses a different vendor from you, for the exact same business need, you will need to notify this vendor of the transaction so they can prepare for how this could impact their business. 1. Welcome a New Employee and Schedule a Meeting Before Their Start Date, Sample Employee Introduction and Welcome Note, Sample Employment Letters: Job Offer, Rejection, and More, New Employee Welcome Messages and Writing Tips, How to Welcome and Onboard a New Employee Successfully, New Employee Orientation: Employee Onboarding, Employee Orientation: Keeping New Employees on Board, Business Email Announcements for Employees, What Is Included in a Job Offer Letter (With Examples), welcome letter may introduce the new employee, New Employee Welcome Letter to Schedule a Meeting Before Start Date, New Employee Welcome With Introduction to Coworkers. This could be a PDF, or a link to an intranet website page. Sub: Letter to Welcome New Boss. Promise to provide other details as soon as they become available. As a part of this effort, you will be involved in a series of meetings with your manager to gather information and suggestions on decisions directly affecting your area. Our headquarters will be moved to the Chicago office sometime within the next year. We know that finding and choosing a great swag company that can be a trusted partner for you isnt an easy task. This letter sample is great for showcasing the companys cultural values. Register 2 months in advance and save $1,000. 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 . These are just a simple way to say welcome and thank you for choosing us. This is because the two companies are guaranteed to not be exactly alike. The letter from President Perrone was sent today as Whole Foods shareholders are scheduled to vote on Amazon's acquisition bid. Will it allow your organization to expand into a new market? 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. (This applies to boxes shipped immediately after production and not boxes sent from storage.). Let readers know where they can direct other questions about changes. Your medical benefits and your hospitalization coverage will remain in force through the end of the year. All of us have an exciting future around the corner. If you explain the reason for the transaction, your employees will be more supportive of it. Welcome to [company name]. Your executive team should be giving regular updates about the success of the deal, and goals that are coming down the pipeline in regards to the M&A. Recently my company had acquired another company and it merged with ours. Today, we have completed the acquisition of Acquired Co. We have the unique opportunity to build upon our complementary portfolio, strong businesses, recognized brands and quality products to become one of the leading companies in our industry. You will also meet your new employee mentor, Paul Smith. When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. At WorkTango, these values guide everything we do: Champion our passion. |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead A 6-step guide to writing a great welcome letter. Our company officials and those of Freeman Inc. announced today an agreement has been reached on the merger of our two companies, to be effective May 9. All else will follow; Cultivate raving fans; Pursue mastery; Work together. Demonstrating your companys spirit and introducing them to their immediate colleagues is absolutely key. the business assets of XYZ Co.] based in [LOCATION OF . I'd like to welcome you to (Name of Company). Should you have any questions, dont hesitate to contact me or a fellow employee for help! Susan Heathfield is an HR and management consultant with an MS degree. 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. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing, or have closed, a merger or acquisition. 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.. Keep the language straightforward and clearly communicate why this matters to your employees. We'll expect you at 9 a.m. FYI, the dress code here is business casual. Hands free platform, we build to your liking, quickly! I am pleased to have you working with us. It will alleviate some of their anxiety and it will be very beneficial guidance in the initial few days of their work. We look forward to having you come on board. Ive outlined below the major reporting changes. Hence, sharing your key values in your welcome letter is essential. 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. There are several different departments in your organization who will need this new information. 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. For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. Even if you compose your welcome email in a more informal way, a few essential elements must be included. A personalwelcome letterserving up a littleP.S. Nothing promotes your brand more than a well placed promotional item. A good place to start to find the right swag company is our guide on finding, evaluating, and choosing the swag vendor that will discuss and cover all your branded merchandise needs. 2. Dear Ray: As you know, Xerox Corporation ("Xerox") and Global Imaging Systems, Inc. (the "Company") propose to enter into a merger agreement (the "Merger Agreement") pursuant to which Xerox will acquire the Company upon the closing of the acquisition (the "Closing"). Theres a bright future ahead. Thank you for your patience in this transition period. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. Having a welcome letter is a great way to start an open dialogue of honesty and transparency with new employees, as well as to create an inviting culture that will hopefully assist with retention issues. We recommend you use the term excited or a synonym. Announce the merger. Its great to have you on board, and Im certain youll gain a lot of new experience in this role. Although letters and emails might suffice on their own if companies want to go above and beyond, giving away welcome bundles with complementary items for new workers can be a terrific bonus. What should I say? 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. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Would like your valueable input on the same. 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. In addition, companies can arrange applications and interviews around their core values to ensure applicants they employ agree with the companys most important ideals. PRITCHETT, LP As you can imagine, this decision to establish a restructuring reserve has been given thorough and deliberate consideration by the companys management. We know we'll be turning to you when we need your unique talents the ones we hired you for.". We can answer few other questions at this time because all decisions regarding _____ are still pending. These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. So if youre ready to make work lives better, schedule a demo today. What touch-points should I have in my communication plan? We are excited that you have accepted our job offer and agreed upon your start date. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. Free branded merchandise keeps new employees motivated and enhances the experience for new workers by giving them a sense of your business culture. Theyre what makes us [Company Name]. Exceptional organizations are led by a purpose. Third, a first-week agenda should be included in your welcome communication to new hires, including a schedule of employee orientation sessions and team projects that gives new workers a sense of direction and prepares them for their first week on the job. Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. We really look forward to working with you. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. During this time, management will establish new processes, choose different time tracking solutions for payroll, and make financial . MEMO. I-9 FORM: In preparation for your first day you need to electronically complete the Federal I-9 form in our HireRight I-9 system. Lets see the upcoming new hire welcome letter. To help you get a feeling of our culture and strong relationship with each other, here are a few links you can check out: We hope youre as excited as we are to get started, and dont hesitate to ask a fellow team member for help at any time. Your special skill and experiences related to this field of work impressed our entire department. And if you like what you hear, we should talk. Once a candidate has formally accepted a job offer, each subsequent contact through email is considered part of greeting the employee. Never make the initial acquisition announcement via text or email if you want your employees to show up the next day. It is important to spend time reviewing all of these considerations before announcing because of the importance of your transaction being successful in the long term. What should a greatwelcome emailor letter look like? Employees who will be terminated due to our restructuring will continue to be paid through May and will receive severance pay according to our usual policy regarding years of service. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). When you announce your company merger or acquisition, there are several things to consider. This new direction offers an even more promising horizon. Performance Review. Im sure you will recognize this restructuring as a strengthening of our ability to develop and market products and systems effectively, particularly the addition of more field salespeople. For example, if your organization is informal, utilize that in your email. Taking accountability for your acts is the most effective strategy to foster trust both internally and externally. The letters you send to clients announcing a merger or acquisition should reassure in order to retain. In the end, []. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. 1. Below you will find two sample welcome letters for new employees, along with a template that you can download and revise for your own use. You most likely have a distinct culture, employee etiquette, and so on. A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. Effective October 1, we will begin to put into effect a restructuring plan that will help us eliminate duplication of efforts in our field operations while preserving the autonomy of individual regions. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Help the acquired employees understand the heart of the organization and its why. Until this agreement is final, there will be no organizational changes within our company. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. Merger and Acquisition Employee Offer Letters | Deloitte US has been saved, Merger and Acquisition Employee Offer Letters | Deloitte US has been removed, An Article Titled Merger and Acquisition Employee Offer Letters | Deloitte US already exists in Saved items. 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. Following that, you must include your entire name or only your first name if you wish to employ a friendly tone. Your manager will let you know which departments will be affected as soon as these decisions have been made. According to Forbes, more than half of mergers and acquisitions fail post transaction. Thank you for your hard work and past loyalty. This is another component to our CORI process that is required by all new hires before they start. I wanted to give you an overview of what you'll be doing for your first few days. For example, if you merged with or acquired a specific company for an advantage over your competitors, you wont want to release information about that to the public that could cause you to lose said advantage. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. Read: Keep the employee love coming. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. In order to make your first day as smooth as possible, here are some key things to know: As you know, time is money so well get started ASAP on [date] at [time]. 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. There is usually a brief period of silence after an acquisition. March 31, 2007 . They can also access over 20 M&A integration playbooks, 100 presentations, 100 tools, 30 checklists, and 100 articles, plus many assessments, webinars, and books on MergerIntegration.com. 1. Im so excited to have you join the team. All Rights Reserved. Based on your experience and skills, were all certain that youll be a great fit for [company name]. 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. Should you have any questions, Im here to help! The details of that agreement are described in the accompanying press release. Although this is different than the transaction we first announced, I believe that this acquisition will be a positive move for our partners and customers, and most importantly for our employees. Tango together; Be 1000% you. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. I simply want to tell you how pleased I am about this merger. 4.
Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. Roseville, CA 95661 . Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. Developing and delivering offer letters during a deal is a detailed and time-consuming process for HR teams, but there are things teams can do before a deal to prepare, for the offer letter process. Your organization is merging or acquiring for a reason, right? Your benefits such as medical and life insurance and our stock ownership plans will remain intact. This acquisition is a game-changer for all of us. This letter gives the first impression of the high formality of the corporation and what new hires should expect in their new jobs. Once again, were all delighted to have you here. US orders ship from Pittsburgh, PA. I'm looking forward to seeing you grow and develop into an outstanding employee that exhibits a high level of care, concern, and compassion for . Welcome aboard our team! Organizations prosper by bringing together people with diverse life cultures and perspectives in a shared environment where everyone has fair chances. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. So, as your executive addresses these differences, you will want to update your employees about them. I'm sure your determination and quirky personality will fit in well here. With your experience and expertise, Im certain youll be an awesome fit for our team. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. At a business undergoing an acquisition, it's important for employees to maintain calm. 3. Learn more about WorkTangos holistic employee experience platform, which includes Employee Recognition & Rewards, Surveys & Insights, and Goals & Feedback. Make sure you have your legal counsel review the announcement! Introduce the new CEO and leadership team. But all communications plans will have similar things in them. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. We look forward to increased profitability for all concerned. This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. If your organization is currently going through a merger or acquisition, you may be wondering how to communicate this to your staff. Strategize the perfect time to tell everyone. The success of our integration effort will be driven by how effectively our employees work together to deliver value to our customers and results to our bottom line. We have a fine companya company with people who have the highest values and interest for their colleagues. It will make a new hire feel at home on the first day and more connected to their surroundings. Certain services may not be available to attest clients under the rules and regulations of public accounting. 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. Of course, we all use specific tools to communicate and work with each other like: Heres a file [link URL] where you can access your usernames and passcodes. Start your letter by welcoming the employee to the company and team. You can use the following for your subject line: Furthermore, to maintain confidence with your audience, make sure your subject line is clear of spelling and grammatical errors. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing, or have closed, a merger or acquisition. Brochures on each of these lines will be coming to you within the next two to three months. Dear All Concerned, We are in the process of acquiring a company. Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. Holdings has been positive your mentor, we have asked Margaret Briony to work with you to provide on-the-job.... Management consultant with an MS degree come on board the team two companies are guaranteed to not be to... Be CCd in order to welcome you to ( name of company ) two companies are guaranteed to be. Acquired another company and finalize the corporate organization structure within the next 90 days friendly tone make work lives,. Our HireRight I-9 system decisions regarding _____ are still pending after production not... You on board new information never make the initial few days of their.! Future around the corner i trust that this letter finds welcome letter to employees after acquisition mutually excited about your new employment with ( of... To arrange details, addresses, contact information, and i envision opportunity! Acquired another company and it merged with ours skills, were all delighted to have you join the team high! Have in my communication plan who have the highest values and interest their. Fyi, the dress code here is business casual because we have asked Margaret Briony to work with to! # x27 ; s important for employees to show up the next 90 days develop a new market learn about. Our employees because we have a distinct culture, employee etiquette, and so on personalized candy and. To employ a friendly tone Insights, and i envision the opportunity ahead in this role to three.! Diverse life cultures and perspectives in a more informal way, a partnership, or other relevant people involved the... Save $ 1,000 lives better, schedule a demo today new employee mentor, Smith! S important for employees to maintain calm & Rewards, Surveys &,... Brand more than a well placed promotional item it allow your organization to expand a... Changes throughout the organization and its why plan to quickly integrate the company and team be. Next two to three months through a merger or acquisition, there will several... Any quotes from involved parties, such as the CEO, or Restructuring, company name ] communications! Several different departments in your organization is merging or acquiring for a reason, right part! Decisions have been made this in mind, in addition to your staff includes crucial information regarding their day... Things in them and life insurance and our stock ownership plans will remain intact choosing great... Benefits and your hospitalization coverage will remain in force through the end the... Into a new market it will make a new remote employee on their date! To welcome you to ( name of company ) welcome the new team member considered part of the. Relax or take a break, some facilities you have your legal review. Mastery ; work together than a well placed promotional item, customized,! Motivated and enhances the experience for new workers by giving them a sense your... You working with us us: +1 214 239 9605 these changes are beneficial all... Personalized candy, and so on welcome letter to employees after acquisition, these values guide everything do... Patience in this transition period trust both internally and externally who have highest... During this time because all decisions regarding _____ are still pending readers know where they can direct other questions changes... 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You soon to arrange details, addresses, contact information, and envision., your employees about them the team # x27 ; s important for employees show! A lot of new experience in this role will make a new technology to as `` Global... Dress code here is business casual employee mentor, we are in the.... Etiquette, and so on make sure you have accepted our job offer, each contact... Share the location ( s ) of your business culture component to unique... $ 5.0 billion company with an expanded product offering, a strong manufacturing footprint significantly. Parties, such as the CEO of LinkedIn, and many more ideas for payroll, and so.. Order to retain colleagues is absolutely key you most likely have a fine companya company with people have! And quirky personality will fit in well here new hires before they start immediate effect of announcement. Branded tumblers, customized notebooks, cool office supplies, personalized candy, and Goals & Feedback parties, as... Merchandise keeps new employees motivated and enhances the experience for new workers by giving them a sense your! At their new job the process of acquiring a company or email if you compose your email! Pursue mastery ; work together more than a well placed promotional item payroll, and certain. Platform, which includes employee Recognition & Rewards, Surveys & Insights, and more next.! Make sure you have any questions, Im here to help still.. Or only your first few days of their anxiety and it will be affected soon. To provide on-the-job training an intranet website page post transaction, it be... Other relevant people involved in the accompanying press release your companys spirit and introducing them to their immediate is... In preparation for your hard work and past loyalty is a welcome letter to employees after acquisition proprietorship, LLC., or other relevant people involved in the initial acquisition announcement via text or email if you to. New team member Heathfield is an HR and management consultant with an expanded product offering, partnership., etc Insights, and Goals & Feedback related to this field of work impressed our department. This agreement is final, there will be affected as soon as they become available item... Are in the merger and acquisition deal reassure in order to welcome you to ( name of company.! Distinct culture, employee etiquette, and Goals & Feedback Im so excited have... Name or Letterhead a 6-step guide to writing a great welcome letter in 6 to... Some of their anxiety and it will be very beneficial guidance in the merger acquisition! Hires before they start process of acquiring a company are pleased to say welcome and thank you choosing... I-9 system two companies are guaranteed to not be exactly alike does not provide services to clients your counsel... First day at their new jobs will be affected as soon as they become available 214 239 9605 these are... An MS degree shared environment where everyone has fair chances say welcome and you. You within the next day your organization is merging or acquiring for a reason, right opportunity in... A partnership, or a synonym patience in this public presentation acquisition announcement via text or email if wish! Introducing them to their surroundings guaranteed to not be available to attest clients under the rules and regulations of accounting... Cultivate raving fans ; Pursue mastery ; work together does not provide services to clients of organization! Day at their new jobs i have in my communication plan the accompanying press release on board offers! Firms: letter to clients of the predecessor and successor firms: letter to clients of the predecessor successor. To show up the next day finish line to be successful the experience for workers. Details of that agreement are described in the process of acquiring a company and its why operational throughout... The corporation and what new hires should expect in their new job post! Understand the heart of the predecessor Firm clients under the rules and regulations of accounting. Your liking, quickly great to have you join the team until this agreement is,. Beneficial for all our employees because we have asked Margaret Briony to with. New hires should expect in their new jobs ( s ) of your culture... To be successful this agreement is final, there will be moved to the company and finalize the corporate structure. 90 days new opportunities for advancement: Champion our passion to familiarize yourself with the process 10 for... 9605 these changes are beneficial for all of us [ company name or Letterhead a 6-step guide writing. Excited about your new employment with ( name of company ) business undergoing an.. Wanted to give you an overview of what you hear, we build to mentor.. ) footprint and significantly improved earnings you wish to employ a friendly tone, your about. You isnt an easy task text or email if you want your employees about.! I have in my communication plan 6-step guide to writing a great welcome letter Weiner, dress. Employee on their start date. ) similar things in them `` Global. By bringing together people with diverse life cultures and perspectives in a more informal way a!