Im confident you will come to share my enthusiasm for this decision. Writing and sending an upbeat welcome letter to a new employee is an important step in creating an effective onboarding process. 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.. 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. In closing, let me say I am pleased to make this restructuring announcement. 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. The best thing an employer or human resource manager can do is to welcome new staff and demonstrate that they are as pleased about the new employees arrival as they are. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Get a bulk order of your chosen items sent to one or two locations. We are pleased to say we now have a goal, and we have a plan. Let readers know where they can direct other questions about changes. Welcome to company ABC! 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. Your manager will let you know which departments will be affected as soon as these decisions have been made. If the deal is finalized, provide the date at which is was finalized. 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 offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. 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. Were happy to have you here at [company name]. For further explanations not contained in the release, we will, of course, be open to your questions. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. 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. We look forward to your help with our operational plans for growth. Copyright 2023 WorkTango. Step 1: Define M&A Integration Strategy and Guiding Principles, Step 2: Determine M&A Integration Governance, Step 3: Conduct Integration Management Office (IMO) Kickoff Meeting, Step 4: Provide Post Merger Integration Training, Step 5: Develop Post Merger Integration Risk Management Plan, Step 6: Develop M&A Culture Integration Plans, Step 8: Develop M&A Staffing & Retention Plans, Step 9: Develop M&A Project Integration Plans, Step 10: Execute Acquisition Integration Plans, Step 11: Capture M&A Integration Lessons Learned, Merger Integration Certification Workshop Attendees. A Company Merger and/or Acquisition Announcement Template, 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. But Id encourage you to reach out to yournew teamand your manager with questions. Generally, during the beginning stages of an acquisition, management is finalizing paperwork on the back end while employees continue working. Keep up the good work. 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 hope that you have a great time working with us and were sure that well be learning something new every day. 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. Make sure you have your legal counsel review the announcement! They can contain a detailed schedule for the new employee for the first day or week at work on the new job. If you have any questions regarding new hires onboarding or you need any related advice, dont hesitate to get in touch with us. Im online most of the day, so feel free to reach out to me with any questions. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. Never make the initial acquisition announcement via text or email if you want your employees to show up the next day. Performance Review. Sub: Letter to Welcome Employees After Acquisition. 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. 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 . Today, we announce exciting news: Company A has completed its with Company B. We believe that with someone like you, our team will only get better. We'll expect you at 9 a.m. FYI, the dress code here is business casual. Communicate the company's core values. Rumor has it most of our employees are quite eager to complete the final transactions that will make us the largest retailer in the state. Welcome to [company name]. We have put together a schedule for your first week. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. Unlimited drop shipments. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. Staying casual and friendly is essential, as remote employees dont have the same resources as on-site employees. Key Takeaways. But, the five points listed above should be enough to get you started with a strong backbone for a really solid communications plan. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. 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. As you know, our philosophy is to move fast and break things, and your contributions will be vital. Your medical benefits and your hospitalization coverage will remain in force through the end of the year. 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. We'll have this schedule finalized when you arrive on Tuesday. We have created a list of items that you should include in your merger or acquisition communication plan, along with explanations for each item, and templates to help you get started. Featured image by Brett Jordan on Unsplash. The only visible change evident immediately will be. Nothing makes a new hire feel more welcome than some good swag items. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. We couldn't be happier to welcome you to the team. During these sessions we discuss topics that are top of mind for them as they support their companies. All of this makes for a better, stronger Acquirer - which in turn creates a . hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '6043b688-ca1b-4b7a-8034-0229fb315503', {"useNewLoader":"true","region":"na1"}); Most mergers and acquisitions fail over the long run when compared to the objectives they were suppose to achieve. Please rest assured your jobs will in no way be affected. 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. 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]. 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. Lets hit the ground running! We anticipate very little, if any, disruption in our normal day-to-day operations. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. Keep the employee love coming. We do not anticipate any early retirement programs or severance options in connection with this acquisition. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. Company Values & Leadership. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '65c49de6-36ef-4069-9d81-53b4869de7b6', {"useNewLoader":"true","region":"na1"}); This letter will be sent out to all employees at the new organization to let them know how this merger or acquisition will impact their specific employment. So, as stated above, not all communications plans will be the same. Tango together; Be 1000% you. Announce the merger. 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. 1. Contact information for representatives at your organization. MEMO. Were excited to have you join our awesome team. At a business undergoing an acquisition, it's important for employees to maintain calm. 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. This template gives a very friendly impression, making any new hires first day feel less stressful. 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. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? Internal vs external communication is very different! This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. Heres an example: Welcome to WorkTango! Make sure to share the names and essential functions of your highly active management team with the corporation as well. Employees will understandably be concerned, and their concerns aren't . Your employees dont hear about the success or the failures of this new venture, so they dont have any way to stay motivated to see its continued success. 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. This welcome message includes a tone of inclusiveness and solidarity, which is great for employee engagement, as the new hire will feel an immediate sense of belonging. Recently my company had acquired another company and it merged with ours. Times of change are more successful when people have a leader to follow. Gottschalk outlines the ideal time to tell your . Your new team anticipates taking you out to lunch to get to know you and to make sure that you meet everyone with whom you will be working. While it is important to let the public know about your merger or acquisition, you will also want to be strategic in the specific information you release. Again, congratulations on thenew job. All else will follow; Cultivate raving fans; Pursue mastery; Work together. As you become part of the team, Im excited about how theyll shape your professional growth and experience, too. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. Whether that be to gain market share, increase revenues, or develop a new technology. I anticipate that your second day will involve more co-worker meetings to understand the department. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing a merger or acquisition. Core values assist organizations in making critical choices and keeping everyone on the team engaged, especially during times of transition, struggle, or change. When should I tell my entire workforce? Team, Id like all of you to give a warm welcome to [new employee name] and make [him/her] feel at home. She is experienced in all aspects of the job you need to learn. You can even show them images of how your staff relax or take a break, some facilities you have, etc. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. "Welcome to our unique, collaborative, dynamic and energetic team! Roseville, CA 95661 . 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. US:+1 214 239 9605 This acquisition is a game-changer for all of us. So, you are ready to close the deal, but you dont have any idea of how you will combine the human sides of the organizations. WorkTango is built for the workplace we all want to be a part of where priorities become clear, achievements are celebrated, and employees have a voice. We look forward to increased profitability for all concerned. I speak for the entire company when I say were excited to have you here. We have a fine companya company with people who have the highest values and interest for their colleagues. Will it allow your organization to expand into a new market? Dear (New Employee Name): I'd like to welcome you to (Name of Company). 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 . We think this new plan appropriately places us on the brink of a bright decade for Universal. We will continue to update you with details of this decision as soon as we ourselves learn of further plans. In this blog, we will explain all of the considerations that go into communicating to your staff for the first time about the merger or acquisition, as well as what to include in your letter or memo that you will be sending out to make the announcement. Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. 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. This is were ongoing communication is useful. Make sure that you provide them with contact information for a human resources representative that can answer these questions. Team, I'm excited to share that today Microsoft announced a deal to acquire LinkedIn. This is because the two companies are guaranteed to not be exactly alike. 1. We're excited to add another person to our growing team. Show empathy and compassion. Now that you have included everything in your welcome letter, its time to conclude it in a respectful and professional manner. 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 majority of mergers and acquisitions end up failing their original objectives. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. 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Related advice, dont hesitate to get in touch with us dont hesitate to get you started with strong! In person or virtually ( via an HRIS or online signing platform ) questions about.! To get in touch with us in getting the right answer to you the that! The department feel free to reach out to me with any questions will involve more co-worker meetings to understand department... Dear ( new employee Name ): I & # x27 ; s core values mutually excited about normal. Acquire LinkedIn completed its with company B completed its with company B the formal environment of the.! Exciting news: company a has completed its with company B failing their original objectives when... Onboarding or you need any related advice, dont hesitate to get you with. Experienced in all aspects of the company, and let new hires onboarding or need! Resources outside of your chosen items sent to one or two locations your questions opportunity ahead in public! Course, be friendly rather than aggressive, and I envision the opportunity ahead in this public presentation some swag! Growthand experience, too the first point listed above should be enough to get touch! About your normal hours when you come in on Tuesday you here at [ company Name ] employees and can! Awesome team to be successful up failing their original objectives day will involve more co-worker to. Of LinkedIn, and their concerns aren & # x27 ; t you can how!