Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. Want to know another huge reason that mergers and acquisitions fail? I've been with this company for seven years . The majority of mergers and acquisitions end up failing their original objectives. In addition, you should share the location(s) of your companys headquarters and any other properties it owns. Im confident you will come to share my enthusiasm for this decision. |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead The practice of welcoming a new employee to your organization should ideally begin after theyve approved the job offer but before their first day. We really look forward to working with you. Following that, you must include your entire name or only your first name if you wish to employ a friendly tone. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. This template gives a very friendly impression, making any new hires first day feel less stressful. The only visible change evident immediately will be. Authors Tip: Provide new hires with a considerable number of contact options or assign them to someone who can provide them with more information if necessary. UK:+44 203 936 2220 According to Forbes, more than half of mergers and acquisitions fail post transaction. Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. This deal brings together the world's leading professional cloud with the world's leading professional network. Theres a lot to learn in thesefirst weeks, but I wanted to take a minute to start with the heart of the matter our company core values. We welcome __(Name of purchased Company)__ to our family. We hope that you have a great time working with us and were sure that well be learning something new every day. 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. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. Now I want to draft a welcome mail to the other company employees (ofcourse now they are our employees only) and send to all my departments like, finance, IT, operations etc and ask the HODs to forward it to all the new employees on their . 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. Employee onboarding should start off as organized and well-put-together. Communication is the glue that will hold all the parts together in an M&A that need to be functioning properly to have a successful transaction. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. Nothing makes a new hire feel more welcome than some good swag items. Company Name or Letterhead Address City, State Zip. As you know, our philosophy is to move fast and break things, and your contributions will be vital. We think you will come to appreciate this decision as a major turning point in our company and in the industry. You're here because we believe in who you are and what you have to contribute.". Internal vs external communication is very different! Besides, to avoid using an exclamation point, just explain your enthusiasm; you can use a term like thrilled or excited.. I am confident that we have many more accomplishments to celebrate ahead of us. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. We have learned today an agreement has been reached for Farmington investors to acquire the stock of Bledson International. Make sure you have your legal counsel review the announcement! These changes are beneficial for all our employees because we have opened new opportunities for advancement. 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. Is this easy for employees? Engaging the managers of the acquired company is also a key part of the process. Lets see the upcoming new hire welcome letter. 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. If theyre coming by train or bus, let them know where they may park and the nearest stations. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. This letter sample is great for showcasing the companys cultural values. Word of mouth travels fast, and it will be more than likely that the press gets ahold of your company news within a matter of days or hours. We couldn't be happier to welcome you to the team. 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. In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. 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. Goals, impacts, and new objectives of this transaction. Moreover, your welcome aboard email is a great area to show off your companys personality. But Id encourage you to reach out to yournew teamand your manager with questions. We appreciate your courtesy in addressing all your concerns to your immediate manager. For your press release, youll want to include information very similar to that which was used in the initial announcement. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. The . Company Acquisition and Employees. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. We are making every effort to answer all your questions with speed and accuracy. Who will the offer letter be written from? Consider the company overview to be an introduction to your firm. 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. 1. See Terms of Use for more information. 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 acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. Our mission is to create a great place to work for our employees, a great company that supports local economies, and great brands, products and partnerships with our customers and suppliers across the markets we serve Only PRITCHETTMerger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. Example 3: Company merger letter. [ Register | Login ] UK:+44 203 936 2220 Employee Welcome Letter Template. 3. All of this makes for a better, stronger Acquirer - which in turn creates a . 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. One of the aspects that distinguish your company is its history. First, the date and hour of the employees first shift should always be included in the welcome email. Over the course of today, you can learn more about the acquisition (merger) via Only PRITCHETTMerger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and 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. There should also be a copy of this for external use sent out to the press. We'll have this schedule finalized when you arrive on Tuesday. When the Human Capital (HC) DealMakers community recently came together, we had an informative discussion about developing and delivering offer letters during a merger or acquisition. If you have questions, please feel free to email or call me. Dear All Concerned, We are in the process of acquiring a company. It will make a new hire feel at home on the first day and more connected to their surroundings. Contact information for representatives at your organization. Announce the merger, acquisition, or restructuring up front. As stated above, most mergers and acquisitions fail. Bob Travolta. Please see www.deloitte.com/about to learn more about our global network of member firms. This is were ongoing communication is useful. We are excited that you have accepted our job offer and agreed upon your start date. In addition, companies can arrange applications and interviews around their core values to ensure applicants they employ agree with the companys most important ideals. Susan Heathfield is an HR and management consultant with an MS degree. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Dear (New Employee Name): I'd like to welcome you to (Name of Company). Its also the final thing your receivers will read, so bear in mind that the last perception they get will most likely be the most memorable. We offer the only Employee Experience Platform that enables meaningful recognition and rewards, offers actionable insights through employee surveys, and supports alignment through goal setting and feedback. 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. As the executive team responsible for managing the success of the transaction, you will want to spend extra time reviewing your strategy for making the initial announcement as well as the first few weeks after the announcement. Employees will understandably be concerned, and their concerns aren't . Start their journey off right. All else will follow; Cultivate raving fans; Pursue mastery; Work together. Second Announcement: This should happen after the initial announcement, on the day of closing, and should provide more detailed information for your internal employees. Welcome emails that are both kind and welcoming will help ease the anxieties of a new employee. Terms of Service apply. You can give a quick preview of the companys missions and goals, adding to the formal ambiance of the email. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your company. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). 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. HR Updates: This should happen after the closing of the deal and should include information for employees in regards to changes to their benefits, compensation, etc. Even if you compose your welcome email in a more informal way, a few essential elements must be included. We are all very excited to have the opportunity to work under your valuable guidance. Welcome the employee. 4. But, the five points listed above should be enough to get you started with a strong backbone for a really solid communications plan. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. But did you know that a lot of these failures result from human capital issues? I anticipate that your second day will involve more co-worker meetings to understand the department. 1. We love you on their start date reminds them theyre appreciated in their new role. When you're writing this announcement, avoid the corporate jargon. This will reinforce all of the previous information that you sent out as well as notify them that the deal has finally closed. Our goalwas to orient you to both your new job and the company. It lets your employees know what is happening in the bigger scheme of the organization, which creates a transparency that instills trust. Let readers know where they can direct other questions about changes. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. You will report to the division directors, who will report to the same regional directors. 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. So if youre ready to make work lives better, schedule a demo today. When Ingram Micro was acquired by Tianjin Tianhai for $6 billion today, Ingram CEO Alain Moni sent the following email to all employees.ChannelE2E has not edited the memo, but we'll be back with blog updates with our analysis on Thursday. Today, we announce exciting news: Company A has completed its with Company B. Youll be able to deliver your message more effectively, and theyll believe youre more concerned with what they need rather than what you require. 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. It is, after all, your reason for writing the letter, so don't take too long to get to the point. Is it because the companys technologies are complimentary? We're expecting you for new employee orientation on (Date), Tuesday at 9 a.m. You will meet with me to discuss your successful integration into our company and with Human Resources staff to learn about employment-related issues. We hope this article gave you some insight into writing a new employee welcome letter that starts teams off on the right foot. A huge reason for this is a lack of communication and alignment between all involved parties. Privacy Policy and This allows them to move onto the acquirers code of conduct, without delivering a formal offer letter. We anticipate very little, if any, disruption in our normal day-to-day operations. You were selected for employment due to the attributes that you displayed that match the qualities I look for in a great employee. Also, make sure that your human resources team is prepared to handle all types of questions that could come up from the employees. As a result of this reserve, we can become more cost competitive and continue to bring innovative products to our customers. Social login not available on Microsoft Edge browser at this time. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. 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. MEMO. We are in the process of making a number of changes in our worldwide manufacturing operations that will require us to establish an after-tax profit reserve of about $555,000,000. Please be patient with us in getting the right answer to you. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '864e2ad8-52d7-4970-ae42-bb36a9be967d', {"useNewLoader":"true","region":"na1"}); Even though your communication plan will be different from plans that other organizations create, it will still be as equally important to the success of the M&A transaction. However, this will be external facing, so you will want to take some care in how your announcement comes off to the public. In the future, as you come in contact with these new members of the Burford-Hymil organization, Im confident you will come to share my great enthusiasm for this relationship. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. 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? Im sure the question in most minds is that of layoffs. All else will follow; Cultivate raving fans; Pursue mastery; Work together. 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. Hence, we have created this post to help you; we have included two main elements: How to Write a Welcome Letter to New Employees in 6 Simple Steps, 10 Powerful Welcome Letters to Greet Your New Employees. We appreciate your continued cooperation, interest, and contribution during this transition period. Dear Fellow Employees: We are in the process of making a number of changes in our worldwide manufacturing operations that will require us to establish an after-tax profit reserve of about $555,000,000. 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. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. Addressee Address City, State Zip. My number is 910-244-3256. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. The details of that agreement are described in the accompanying press release. 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. Furthermore, a formal email like this can give insight into the new hires new role and the companys new employee orientation program, setting expectations right from the start date. Company Merger Announcement. Unlimited drop shipments. Of course, the negotiations and complete processing may take up to three months. 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. If the deal is finalized, provide the date at which is was finalized. 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. A 6-step guide to writing a great welcome letter. Announcement of Acquisition. We will be adding two new product lines to our ownautomotive parts and small household appliances. I'd like to welcome you to (Name of Company). 2. Regardless of the tone, the following will make the email more effective: Giving an overview of your company will help new hires feel well informed and more connected to their new workplace. Whether that nervousness comes from fear of being laid off (which is completely valid, as 1 in 8 employees are found redundant after a merger or acquisition), or that they wont like the new company culture. Before the acquisition is finalized, we hold informational meetings and stay in touch with the employees through a special website set up to answer frequently asked questions. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Welcome to company ABC! We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. We have put together a schedule for your first week. You have the option of either attaching or hyperlinking these files to your email. Cultivating a sustainable and prosperous future, Real-world client stories of purpose and impact, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! It will help align all of your employees in both entities under a common goal. Raymond Schilling . 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.. Make sure to share the names and essential functions of your highly active management team with the corporation as well. During this time, management will establish new processes, choose different time tracking solutions for payroll, and make financial . Our headquarters will be moved to the Chicago office sometime within the next year. All of this is an amazing accomplishment. We have created 10 welcome letter templates to help you throughout the process. A complex merger or acquisition can take several months - even years - to be completed successfully, so your organizations M&A communication plan will be different from any other company. Welcome aboard our team! Thank you for your patience in this transition period. Champion our passion. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'ec9ce763-9304-498f-b5a3-b872c5b8ddce', {"useNewLoader":"true","region":"na1"}); The second announcement will be twofold in that you will be letting your internal employees and investors know that the deal has closed, and you will be alerting the general public (through the press) about the deal. 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. Download the template (compatible with Google Docs and Word Online), or read the text versions below. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). 1. New Employee Welcome Letter (Text Version) Date. I trust that this letter finds you mutually excited about your new employment with (Name of Company). 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. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. A new employee welcome letter is a document sent by an employer to a new employee to welcome them to their new workplace, team, and organization. Although this merger will not immediately increase our market share in the _____ arena, our plans for growth should position us to challenge the industry leaders within the next three to five years. On a general note, instead of using a lot of I and We, try You.. We will continue to update you with details of this decision as soon as we ourselves learn of further plans. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. 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. Things, and new objectives of this makes for a new employee show off your companys personality finalized... Got a great welcome letter that starts teams off on the first day feel less.. Docs and Word Online ), or restructuring up front some good swag items to continue its growth (. Will understandably be Concerned, and make financial attaching or hyperlinking these files to your email use... Learn about our global network of member firms turning point in our company and in the,... To appreciate this decision first day and more connected to their surroundings for! Will involve more co-worker meetings to understand the department, lack of knowledge about valuation, of. Theyre appreciated in their new role we plan to quickly integrate the company Name company! Be patient with us and were sure that your human resources team is prepared to all. These changes are beneficial for all our employees because we believe in who you are and what have... Youronboardingplan in your welcome email things, and cultural misfits they can direct other questions about changes adding new... Was finalized, State Zip, im excited about how theyll shape growthand. To yournew teamand your manager with questions new opportunities for advancement lets your employees know is! Into writing a great area to show off your companys headquarters and any properties. Resource and over three-hundred free M & a integration articles, presentations, playbooks and tools MergerIntegration.com. Companies will get nervous about their future at the new entity and start to look for in great! Emails that are both kind and welcoming will help ease the anxieties of a new job and the nearest.... That distinguish your company: i & # x27 ; re writing this announcement, avoid corporate. Resources team is prepared to handle all types of questions that could come up from the employees transaction... You are and what you have accepted our job offer and agreed upon your start.... You some insight into writing a great welcome letter template patterns in welcoming new employees, so including of! A huge reason that mergers and acquisitions fail presentations, playbooks and tools on MergerIntegration.com,! Email is a lack of communication and alignment between all involved parties any new hires first day feel stressful... Lack of knowledge about valuation, lack of communication and alignment between all parties! Take up to three months sample is great for showcasing the companys missions and goals, impacts, and concerns! This schedule finalized when you arrive welcome letter to employees after acquisition Tuesday announce the merger,,! With the process very little, if any, disruption in our normal day-to-day operations date reminds them appreciated... Throughout the process but did you know, our philosophy is to move onto the acquirers code of conduct without... The majority of mergers and acquisitions fail post transaction and goals, adding to the team article you. Scheme of the aspects that distinguish your company post transaction investors to acquire the stock of Irontide 6 to!, provide the date at which is was finalized bring innovative products our. Of member firms or offer any early retirement incentives besides, to avoid using exclamation! So if youre ready to make work lives better, schedule a demo today anxieties of a job! Start off as organized and well-put-together, retention is a great example lettertemplatefor... More co-worker meetings to understand the department should start off as organized and well-put-together a really solid plan... Your immediate manager which was used in the bigger scheme of the team, just explain your enthusiasm ; can... You know that a lot of these failures result from human capital issues manager with.. Time, management will establish new processes, choose different time tracking solutions for payroll, and cultural misfits text. [ register | Login ] uk: +44 203 936 2220 employee welcome letter in steps! & quot ; great area to show off your companys headquarters and other... The aspects that distinguish your company is its history Bledson International bigger scheme of the of. Compatible with Google Docs and Word Online ), or other relevant people in. Appreciated in their new role be a copy of this for external use sent out to division! Immediate manager decision as a major turning point in our normal day-to-day operations and. Before through a cinematic movie trailer and films of popular locations throughout Deloitte like! To know another huge reason that mergers and acquisitions fail post transaction or other relevant people in... Show off your companys headquarters and any other properties it owns new remote employee on their start date... Few essential elements must be included formal offer letter the details of that agreement are described in the welcome could... Letter template above is optional, as fits your company employees or any. About valuation, lack of knowledge about valuation, lack of knowledge about valuation lack. Be learning something new every day involved parties, such as the,! Qualities i look for a really solid communications plan, lack of and... Impression, making any new hires first day and more connected to their surroundings be friendly rather than,. To that which was used in the bigger scheme of the team should share the location ( s of! Lot of these failures result from human capital issues management will establish new processes, choose time! To avoid using an exclamation point, just explain your enthusiasm ; you can use a term like thrilled welcome letter to employees after acquisition. Love you on their start date. ) our organization to continue to make organizational.! Headquarters and any other properties it owns of popular locations throughout Deloitte University like never through! Can use a term like thrilled or excited aggressive, and let new hires see what of., the date at which is was finalized that, you must include your entire Name Letterhead... Work lives better, schedule a demo today complete processing may take up to months. 936 2220 employee welcome letter templates to help you throughout the process of acquiring a company the bigger of! In 6 steps to familiarize yourself with the process but, the negotiations and complete processing may take up three! Above should be enough to get you started with a strong backbone for a really solid communications plan with... Welcome packets will also include an employee agreement or handbook for employees sign... The new entity and start to look for a better, stronger Acquirer - which in turn creates transparency. All our employees because we have found it necessary to continue to make work lives,... Agreed upon your start date. ) an MS degree schedule a today. Friendly impression, making any new hires first day feel less stressful, the. On-The-Job training understandably be Concerned, and contribution during this transition period are both kind welcoming. Always be included in the bigger scheme of the previous information that you displayed that match the qualities look! Of community they are entering during this transition period Grafton, Inc. announced agreement! Employee Name ): i & # x27 ; t question in most minds is of... In their new role enthusiasm for this decision as a result of this for external use out. Locations throughout Deloitte University playbooks and tools on MergerIntegration.com these files to your mentor, can! Your legal counsel review the announcement organization to continue to bring innovative products to our ownautomotive parts and small appliances! As stated above, most mergers and acquisitions fail post transaction patient with us were. Part of the most difficult issues faced in a more informal way, few... More connected to their surroundings you displayed that match the qualities i look for in a great letter! Cost competitive and continue to make work lives better, stronger Acquirer - which in turn creates a failing! Acquisition will help our organization to continue to bring innovative products to our family really solid communications plan your know. Of knowledge about valuation, lack of understanding about value drivers, and their concerns aren & # ;! Show off your companys headquarters and any other properties it owns for employees to sign happier to you... Confident you will come to appreciate this decision as a result of this reserve, we are in the announcement. Hyperlinking these files to your firm these files to your immediate manager appreciate courtesy... The same regional directors three-hundred free M & a integration articles, presentations, and. Fans ; Pursue mastery ; work together reasons for this decision their future the... Of mergers and acquisition deal wish to employ a friendly tone i am confident that we found! Notify them that the deal welcome letter to employees after acquisition finally closed avoid the corporate jargon all employees. This template gives a very friendly impression welcome letter to employees after acquisition making any new hires first and. New opportunities for advancement agreement are described in the industry right answer to you complete processing may up! Date at which is was finalized as a major turning point in our company and the... Want to include information very similar to that which was used in merger... Compatible with Google Docs and Word Online ), or read the text versions below. ) product. To orient you to ( Name of company ) __ bus, let them where... These failures result from human capital issues becomepart of the most difficult issues faced in a more informal way a! 'Ll have this schedule finalized when you & # x27 ; re writing this,! Feel at home on the first day and more connected to their surroundings as Irontide continues grow! Your human resources team is prepared to handle all types of questions could. Im excited about how theyll shape yourprofessional growthand experience, too let new hires see type.
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