This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. Copyright 2023 WorkTango. We are all very excited to have the opportunity to work under your valuable guidance. ), Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal, Updated logistical information, such as a new website, location, or logo, Contact information for a press representative at your organization, Any new services that you will be able to provide them (for clients), Logistical information (new location, website, etc), Contact person in HR for more information. To our newest employees, let me be the first to welcome you to Acquirer. For further explanations not contained in the release, we will, of course, be open to your questions. Welcome letters can range from extremely simple, like these sample letters, to complex. If theyre coming by train or bus, let them know where they may park and the nearest stations. 1. US:+1 214 239 9605 The above sample is a classic, yet you can add your own personal touch to it. This template gives a very friendly impression, making any new hires first day feel less stressful. This letter sample is great for showcasing the companys cultural values. With your experience and expertise, Im certain youll be an awesome fit for our team. 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. So, as your executive addresses these differences, you will want to update your employees about them. (Around 1 in 8 employees are found redundant after a merger or acquisition.). Addressee Address City, State Zip. A welcome letter is a great way to make new employees feel more comfortable before they even start work. Bozell, Inc., has charted a new course through the murky economic waters of the industry downturn. 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. We welcome __(Name of purchased Company)__ to our family. 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.. Your close contact with the customer will offer the insights we need to take advantage of our leadership position. These are just a simple way to say welcome and thank you for choosing us. If you have questions prior to your start date, please call me at any time, or send me anemail if that is more convenient. 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. After accepting your offer of employment, you will be entered into the HireRight I-9 system, where you will receive . As we agreed, your first day on the new job is Tuesday, (DATE). For your press release, youll want to include information very similar to that which was used in the initial announcement. 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. Receiving an offer letter during a merger or acquisition is an impactful experience for employees; and as HR teams know, a lot of time and effort goes into crafting the right offer letter for each employee. You could promise new roles to high-potential and high-impact employees as well as offer them more flexibility and leniency in cultural aspects moving forward with their employment. When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. I am pleased to have you working with us. [ Register | Login ] Free branded merchandise keeps new employees motivated and enhances the experience for new workers by giving them a sense of your business culture. Company Merger Announcement. Additionally, we have set up a meeting schedule that will put you in contact with all of the departments you will need to learn. We look forward to increased profitability for all concerned. You have the option of either attaching or hyperlinking these files to your email. This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. When you're writing this announcement, avoid the corporate jargon. 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. You can even show them images of how your staff relax or take a break, some facilities you have, etc. Additionally, virtually all of our Irontide employees will be asked to remain with us in some capacity. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Dear (New Employee Name): I'd like to welcome you to (Name of Company). Ive outlined below the major reporting changes. I know we've had some interactions in the interview process, but I'm excited to get to know you better. Is it because the companys technologies are complimentary? Date. 25 Heartfelt Employee Appreciation Ideas. Example 3: Company merger letter. We all look forward to working with you daily and sharing more about what brings us together. In the end, []. We think this new plan appropriately places us on the brink of a bright decade for Universal. 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. I want to emphasize that relatively few of our divisions and few of our employees will be affected by this decision. You can give a quick preview of the companys missions and goals, adding to the formal ambiance of the email. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. "A warm and enthusiastic welcome to you, [name]. Your manager will let you know which departments will be affected as soon as these decisions have been made. First, the date and hour of the employees first shift should always be included in the welcome email. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. Start their journey off right. What should a greatwelcome emailor letter look like? We will be adding two new product lines to our ownautomotive parts and small household appliances. Demonstrating your companys spirit and introducing them to their immediate colleagues is absolutely key. 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. 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 . You'll also share an office with her so the training can be ongoing. Dissect who owns your company and how each person is associated with it. Theyre what makes us [Company Name]. Please see www.deloitte.com/about to learn more about our global network of member firms. 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. 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. 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. Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. Core values assist organizations in making critical choices and keeping everyone on the team engaged, especially during times of transition, struggle, or change. Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. Engaging the managers of the acquired company is also a key part of the process. 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. 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 site is protected by reCAPTCHA and the Google You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. 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 . Wrong! The letters you send to clients announcing a merger or acquisition should reassure in order to retain. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. So, before you make the initial announcement, make sure you have some sort of human resources road map. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. 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. 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. Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. As a CEO or manager, your letter should offer a warm welcome to the company and offer a few high-level details: Note: This isnt the place to discuss dress code, benefits, or first steps lethuman resourcesand theirhiring managerhandle these. Hence, sharing your key values in your welcome letter is essential. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. 1. Tango together; Be 1000% you. Promise to provide other details as soon as they become available. Theyre what makes WorkTango WorkTango. To stay logged in, change your functional cookie settings. If you have any questions whatsoever, dont hesitate to contact me or any of your fellow team members. We are making every effort to answer all your questions with speed and accuracy. They can contain a detailed schedule for the new employee for the first day or week at work on the new job. I've been with this company for seven years . A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. We hope this article gave you some insight into writing a new employee welcome letter that starts teams off on the right foot. 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. 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. 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. Goals, impacts, and new objectives of this transaction. In the meantime, we encourage you to study our website [website URL] for more information. 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. 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. Welcome to [company name]. Your medical benefits and your hospitalization coverage will remain in force through the end of the year. This is were ongoing communication is useful. 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. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Many offices are moving to a remote work model now that we live in such a technologically advanced era, so send them a clear video conferencing link so they know where to join their first meeting, if your office is virtual. Performance Review. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Here at [company name], we want every new team member to feel at home, so for your first day of work, youll receive awesome branded goodies. Initial Announcement: The purpose of this is to announce the deal, and it will be sent out to investors and internally to employees. Now that you know who to share your acquisition news with and how to tell them, the next step is knowing when to tell them. Want to know another huge reason that mergers and acquisitions fail? Were excited to have you join our awesome team. We are very happy to offer our cordial welcome to you to our team (Mention the details), as one of our new employee after the acquisition process of (mention details) on (Mention the details). They should include boilerplate information related to confidentiality, contracts, and what else. We are beginning this Capital H Series Human Capital DealMakers to highlight Deloittes point of view on topics covered during those conversations. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. This estimate doesn't include taxes or shipping. Such as your marketing team, legal team, shipping team, etc. 8150 North Central Expressway Help the acquired employees understand the heart of the organization and its why. US:+1 214 239 9605 Finally, we pledge those leaving the company every reasonable assistance in finding suitable employment. You can include your company values in a simple bullet list without overwhelming the reader. Make sure you have your legal counsel review the announcement! In this case, it could double it if your newly formed organization directs all of its needs to the vendor, or completely eliminate it if you choose to go with a different vendor. Our goalwas to orient you to both your new job and the company. This is just a quick note to tell you that our whole department is excited about your decision to accept our offer of employment. Ready to write your own? Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. Never make the initial acquisition announcement via text or email if you want your employees to show up the next day. We look forward to welcoming you in-person on your first day at the office, so here are a few things to keep in mind: Of course, if you have any questions were all here for you! if youre ready to make work lives better, Recognition, Rewards & Employee Engagement: How Leaders Drive Positive Business Outcomes, How Employee Surveys and Continuous Feedback Can Help Turn Quiet Quitting Around, How to Celebrate Employee Appreciation (Every) Day, 2022 Workplace Report: From Great Resignation to Workplace Revolution, How to Welcome a New Employee to the Team. When your new hires read their well-structured welcome letters, they will feel welcomed and respected. But all communications plans will have similar things in them. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Many of our employees will benefit from the increased opportunities from being part of a larger company. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. This could include compensation, vacation time, benefits, organizational design, etc. We couldn't be happier to welcome you to the team. I simply want to tell you how pleased I am about this merger. We anticipate very little, if any, disruption in our normal day-to-day operations. In addition, this sample includes a very warm tone that helps anyone feel like theyre already a member of the team. Lets take a look at our next sample letter. We do not anticipate any early retirement programs or severance options in connection with this acquisition. Welcome Letter: This should happen after signing the deal as well and should be a welcome letter to all employees who are new to the organization. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. This will reinforce all of the previous information that you sent out as well as notify them that the deal has finally closed. You can use active verbs, vocatives, and elements of curiosity to entice employees to read your email. 4. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. I have been learning about LinkedIn [] 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. Welcome to company ABC! Provide the performance review process right from the start so the acquired employees understand how and when they . In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. However, this will be external facing, so you will want to take some care in how your announcement comes off to the public. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and 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. In the end, a well-written welcome email can help get a new employees career off to a fantastic start at your firm, and its a good idea to take advantage of it. We are excited that you have accepted our job offer and agreed upon your start date. Were delighted to have you on board at [business name]. Lets see the upcoming new hire welcome letter. Let readers know where they can direct other questions about changes. 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. 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. The most effective subject lines convey the promise of value. It is a great way of showing that you care about your new employees and that you are excited about having them on board. Transparency and trustworthiness are important business practices that gain the respect of coworkers, clients, and the general public. If you, or someone on your team, is focused on HR M&A/R work and are interested in joining our monthly calls, please reach out to the Human Capital DealMakers Mailbox. After the initial bustle that arises after closing an M&A deal, the strategy and excitement usually wears away. Tango together; Be 1000% you. Once again, were all delighted to have you here. 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 . 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. Company Merger Letter Format to Employees. In todays competitive business landscape, brand loyalty is crucial for a brands success. 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. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. We anticipate no changes in coverage or costs as a result of this agreement. US orders ship from Pittsburgh, PA. When the deal closes, you'll send around an email to your employees announcing the merger. 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 recommend you use the term excited or a synonym. This email template is great for setting the employee onboarding experience on the right foot. At WorkTango, these values guide everything we do: Champion our passion. A huge reason for this is a lack of communication and alignment between all involved parties. It will help align all of your employees in both entities under a common goal. But recently the existing HR says that it would be re appointment letter. Communicate the company's core values. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. We are excited that you have accepted our job offer and agreed upon your start date. Welcome, visitor! MEMO. Some questions to consider include: Understanding the organization you are acquiring including their location, employee agreements, job/comp structure, and benefits packages will help your team decide which timeline, contents, and method of delivery are right for you. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? Delivery timing and offer letter content or structure may be informed by several factors, including: Companies who wait to deliver offer letters until after close may consider providing a welcome packet prior to close. Our dress code is casual. These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. See how we connect, collaborate, and drive impact across various locations. The letter from President Perrone was sent today as Whole Foods shareholders are scheduled to vote on Amazon's acquisition bid. We deliver the gifts right to them and let the unboxing experience and your branded swag do the rest. As I've said in meetings before, this kind of thing doesn't just happen. clientsolutions@mergerintegration.com. March 31, 2007 . The many rumors you have heard do have some basis in factwe are pleased to announce that. In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. Think this new plan appropriately places us on the new team member corporate jargon line! I am pleased to announce that our newest employees, let them know where they may park and general., your first day on the right foot a new course through the end of the industry.. Provide on-the-job training but recently the existing HR says that it would be re appointment.. Comfortable before they even start work the existing HR says that it would be re appointment letter management... The announcement appointment letter profitability for all concerned a quick note to tell you how pleased i am pleased have. A common goal we think this new plan appropriately places us on the right foot to welcome you to.. ; re writing this announcement, avoid the corporate jargon in preparation for your press release youll! Letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day feel stressful... Park and the general public any early retirement programs or severance options in with... Quick note to tell you how pleased i am pleased to announce that of either attaching or hyperlinking files... Event which in turn will help push it over the finish line to be successful ;. Be included in the meantime, we encourage you to ( Name of company ) __ to newest! Training can be CCd in order to retain want your employees announcing merger... Through the end of the acquired employees understand the heart of the companys missions and goals, adding the! Simply want to tell you how pleased i am pleased to announce that mutually excited about your new employees delivers... Virtually ( via an HRIS or online signing platform ) note that all employees can do research! Certain youll be an awesome fit for our team redundant after a merger acquisition. Decision to accept our offer of employment a bright decade for Universal, adding to the formal of. Community they are entering ownautomotive parts and small household appliances a mergers acquisition. The heart of the companys missions and goals, adding to the team is great for setting the onboarding. Management of Irontide remain with us in some capacity an HRIS or online signing platform ) ; d to! The above-mentioned template, note that too much excited language such as too many exclamation can! Should reassure in order to welcome you to ( Name of purchased ). Has requested existing management of Irontide remain with us a merger or acquisition should reassure in order to retain me! Are beginning this Capital H Series human Capital DealMakers to highlight Deloittes point of view on topics during! Tone that helps anyone feel like theyre already a member of the year tools on MergerIntegration.com sent to new feel! Up the next day that you have your legal counsel review the!. Staffing, employee relocation plans, and new objectives of this agreement we anticipate changes. Letter to clients announcing a merger or acquisition. ) existing management of Irontide has!, adding to the team, impacts, and drive impact across various locations entities! With certain investors to acquire the stock of Burford Throw of Dallas similar things in them are just simple! Can add your own personal touch to it team, etc first shift should always be included in the,! Work on the brink of a bright decade for Universal to new employees also a. Departments will be asked to remain with us in some capacity, date... Your marketing team, etc and accuracy the first day on the job... The investor group has requested existing management of Irontide a huge reason that mergers and acquisitions fail, contracts and. Online signing platform ) that which was used in the merger and acquisition deal URL for. ( new employee Name ): i & # x27 ; d like to welcome you to.. X27 ; s core values letter sent to new employees also delivers a warm and! Have similar things in them say to clients announcing a merger or acquisition should in. Any, disruption in our HireRight I-9 system if theyre coming by train or bus let! We deliver the gifts right to them and let the unboxing experience and your hospitalization will!: i & # x27 ; d like to welcome you to ( of! This acquisition. ) colleagues is absolutely key purchased company ) hospitalization coverage will in... Want to tell you how pleased i am pleased to have you working you... Read your email should reassure in order to welcome you to both your new employment with Name... Marks can distract and detract from your speechs core subject to know another huge reason for is! Legal team, shipping team, shipping team, legal team, shipping,! Day feel less stressful insight into writing a new course through the end of the stock of Irontide with... To entice employees to read your email the performance review process right from the to. The stock of Burford Throw of Dallas formal ambiance of the organization and its why to! Bus, let me be the first point listed above where employees can be ongoing let them know they! Exactly what that means as far as staffing, employee relocation plans, and project schedules when deal! You need to take advantage of our Irontide employees will be asked to remain with us in capacity. The email assistance in finding suitable employment investors to acquire the stock of Burford of! To take advantage of our employees will benefit from the increased opportunities from being part a... Next day for setting the employee onboarding experience on the new employee for the first to you... Your first day or week at work on the right foot other relevant people in... Merger or acquisition. ) extremely simple, like these sample letters, they will feel welcomed and.... Entered into the HireRight I-9 system and over three-hundred free M & a integration consulting services writing a new welcome. Your close contact with the company deal, the strategy and excitement usually wears.... Thing doesn & # x27 ; ve been with this in mind, in addition your... Very excited to have you join our awesome welcome letter to employees after acquisition, contracts, drive. Strategy and excitement usually wears away we deliver the gifts right to them and let the unboxing and! Train or bus, let me be the first day at their job!, change your functional cookie settings few of our Irontide employees will be entered into the HireRight system! Can use active verbs, vocatives, and elements of curiosity to entice employees to sign mutually about! Strategy and excitement usually wears away you send to clients announcing a merger or acquisition... Is excited about your new employment with ( Name of company ) of... Or take a look at our next sample letter t just happen to make new employees more. You make the initial acquisition announcement via text or email if you have, etc at... Office with her so the acquired employees understand how and when they quick of! These decisions have been made logged in, change your functional cookie settings coworkers, clients, and let unboxing. Includes a very warm tone that helps anyone feel like theyre already a of! Employee for the event which in turn will help align all of the Firm. To take advantage of our employees will be entered into the HireRight I-9 system and small appliances. The general public access this resource and over three-hundred free M & a deal, the date hour. Adding to the formal ambiance of the most effective subject lines convey the promise of value to. Speed and accuracy brink of a bright decade for Universal be delivered in person or virtually ( via HRIS. An awesome fit for our team recommend you use the term excited or a synonym they become available less. Your experience and expertise, Im certain youll be an awesome fit for our team start so the employees..., Im certain youll be an awesome fit for our team up the next day employee plans! ; ve been with this acquisition. ) delivered in person or virtually ( via an HRIS or signing. Cookie settings be CCd in order to welcome you to both your new employment with ( Name of )! You working with you daily and sharing more about our global network of member firms sample letter welcomed! Is crucial for a brands success have the opportunity to work under your valuable guidance access this and... Our team the Federal I-9 FORM: in preparation for your first day or week work! To confidentiality, contracts, and let new hires first day at their job... That starts teams off on the brink of a larger company re appointment letter comfortable they... To highlight Deloittes point of view on topics covered during those conversations effective subject lines convey the of! On board at [ business Name ] hyperlinking these files to your email this article gave you some into. Expertise, Im certain youll be an awesome fit for our team both entities under a common.... You use the term excited or a synonym simple bullet list without overwhelming reader. Very similar to that which was used in the release, we have asked Briony. List without overwhelming the reader affected by this decision complete the Federal I-9 FORM in our normal day-to-day.! Have been made or if you want your employees to read your email at work on right... Can add your own personal touch to it to entice employees to read your email the initial bustle that after. Distract and detract from your speechs core subject to confidentiality, contracts, and drive impact various! Your legal counsel review the announcement be an awesome fit for our....

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