Performance Review. There should also be a copy of this for external use sent out to the press. We can answer few other questions at this time because all decisions regarding _____ are still pending. What should I say? We welcome __(Name of purchased Company)__ to our family. You can include some personality and unique tidbits, especially if they connect to your corporate culture. Were so thrilled to have you on board, so were going to do our best to make you feel at home from day one. 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. Note: This isn't the place to discuss . Please rest assured your jobs will in no way be affected. Set general expectations for success. 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. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. DTTL (also referred to as "Deloitte Global") does not provide services to clients. We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. 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. This acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. Our Human Resources office will provide out-placement assistance, including rsum preparation, interview techniques, and aptitude testing. A personalwelcome letterserving up a littleP.S. For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. You'll also share an office with her so the training can be ongoing. 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. This template has a casual feeling to it. See how we connect, collaborate, and drive impact across various locations. Share the company's values and mission statement. In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. With this acquisition, Hosack is now the largest and strongest ______ manufacturer in the Northwest. 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 lot of the employees at the two organizations after the deal will have questions about how this will affect their individual employment. Such as your marketing team, legal team, shipping team, etc. Dissect who owns your company and how each person is associated with it. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. At a business undergoing an acquisition, it's important for employees to maintain calm. Plus, well make sure to send you a work-at-home kit to make you more productive than ever. There are several different departments in your organization who will need this new information. Read:
On a general note, instead of using a lot of I and We, try You.. Theyre what makes us [Company Name]. Describe the other organization that you're joining forces with. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. We do not anticipate any early retirement programs or severance options in connection with this acquisition. As a CEO or manager, your letter should offer a warm welcome to the company and offer a few high-level details: Express enthusiasm and appreciation for the new hire. Employee Welcome Letter Template. If you want to prevent calls and messages when youre resting, let them know the ideal time to reach you. If you have any questions regarding new hires onboarding or you need any related advice, dont hesitate to get in touch with us. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Your medical benefits and your hospitalization coverage will remain in force through the end of the year. We offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? This letter gives the first impression of the high formality of the corporation and what new hires should expect in their new jobs. Roseville, CA 95661 . This email template is great for setting the employee onboarding experience on the right foot. Besides, to avoid using an exclamation point, just explain your enthusiasm; you can use a term like thrilled or excited.. The above sample is a classic, yet you can add your own personal touch to it. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. 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. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. They will come to you with any problems and be calmer once they arrive. Im confident you will come to share my enthusiasm for this decision. Download the template (compatible with Google Docs and Word Online), or read the text versions below. 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. 2. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and I'm sure your determination and quirky personality will fit in well here. First, the date and hour of the employees first shift should always be included in the welcome email. We hope this article gave you some insight into writing a new employee welcome letter that starts teams off on the right foot. What do they sell?). The new employee welcome email is one of the most critical initial stages in the onboarding process. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! Updated logistical information, such as a new website, location, or logo. On the attached pages, we have outlined in great detail the departmental changes. Please be patient with us in getting the right answer to you. Make sure you have your legal counsel review the announcement! When you're writing this announcement, avoid the corporate jargon. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. Dear All Concerned, We are in the process of acquiring a company. You will want to notify them of such a big company change, and let them know how, if at all, this will impact your business relationship with them. Your close contact with the customer will offer the insights we need to take advantage of our leadership position. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Address Im sure the question in most minds is that of layoffs. Every new employee receives a welcome letter and a list of contacts for ongoing support. Gottschalk outlines the ideal time to tell your . Make sure that you provide them with contact information for a human resources representative that can answer these questions. 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. Unlimited drop shipments. Again, welcome to the team. 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 . Whether that be to gain market share, increase revenues, or develop a new technology. Each of us will play a role to ensure your successful integration into the department. We will keep you informed of all the events and plans as we learn of them ourselves. 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. So, before you make the initial announcement, make sure you have some sort of human resources road map. Should you have any questions, dont hesitate to contact me or a fellow employee for help! Help the acquired employees understand the heart of the organization and its why. the business assets of XYZ Co.] based in [LOCATION OF . The first part of your letter should be the announcement of the merger/acquisition. 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. Today, we announce exciting news: Company A has completed its with Company B. 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. Tuesday, February 21, 2012] [NAME, COMPANY AND ADDRESS, ex. 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"). 2023. Company Values & Leadership. Team, Id like all of you to give a warm welcome to [new employee name] and make [him/her] feel at home. |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead Youll be able to deliver your message more effectively, and theyll believe youre more concerned with what they need rather than what you require. We are all very excited to have the opportunity to work under your valuable guidance. You can use active verbs, vocatives, and elements of curiosity to entice employees to read your email. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. 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. This letter will not only validate their choice to take the position and make your new team member feel appreciated, but it will also give essential information about what to anticipate when they start. But all communications plans will have similar things in them. This could be a PDF, or a link to an intranet website page. Dear Employees, We are happy to announce that Zenith Technologies has acquired all the stocks of Invincible Technologies, New York, effective today. Our headquarters will be moved to the Chicago office sometime within the next year. UK:+44 203 936 2220 We recommend you use the term excited or a synonym. 2023 Professional Business Documents, Agreements & Letters. Of course, the negotiations and complete processing may take up to three months. Date. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. 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. We offer the only Employee Experience Platform that enables meaningful, , offers actionable insights through employee. Today, we announce exciting news: Company A has completed its with Company B. To my knowledge this letter would be an addendum to appointment. It measures how well a brand has [], Remote work has become the new normal for many businesses, big and small. We are beginning this Capital H Series Human Capital DealMakers to highlight Deloittes point of view on topics covered during those conversations. 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 are several ways to do this. The following are some examples of key values your organization might believe in. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Make sure to share the names and essential functions of your highly active management team with the corporation as well. At WorkTango, these values guide everything we do: Champion our passion. 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. As you become part of the team, Im excited about how theyll shape your professional growth and experience, too. Even if you compose your welcome email in a more informal way, a few essential elements must be included. Times of change are more successful when people have a leader to follow. 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. 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. 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 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. I wanted to give you an overview of what you'll be doing for your first few days. Goals, impacts, and new objectives of this transaction. During this time, management will establish new processes, choose different time tracking solutions for payroll, and make financial . 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. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. During these sessions we discuss topics that are top of mind for them as they support their companies. Step #2: Show enthusiasm. 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. We believe that with someone like you, our team will only get better. 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. 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. All Ingram Micro Global Associates: 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. Why is partnering up with a swag company important? They can contain a detailed schedule for the new employee for the first day or week at work on the new job. I anticipate that your second day will involve more co-worker meetings to understand the department. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. We also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. Second, the location of your current institution should always be communicated to employees. Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Many of our employees will benefit from the increased opportunities from being part of a larger company. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. We are making every effort to answer all your questions with speed and accuracy. We're excited to add another person to our growing team. Free branded merchandise keeps new employees motivated and enhances the experience for new workers by giving them a sense of your business culture. 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 . You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. 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 are, after all, in good company. Who will the offer letter be written from? hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '6cb35dcb-497b-4607-a5a5-1a308ab0ae9e', {"useNewLoader":"true","region":"na1"}); This letter will be sent out to all of your impacted stakeholders that arent your investors, employees, or the press. You'll also meet with several co-workers so you can get a feel for the overall work of the department. 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.. Dear (New Employee Name): I'd like to welcome you to (Name of Company). 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. Dallas, Texas 75206 We will continue to update you with details of this decision as soon as we ourselves learn of further plans. You were selected for employment due to the attributes that you displayed that match the qualities I look for in a great employee. Want to know another huge reason that mergers and acquisitions fail? If you have questions prior to your start date, please call me at any time, or send me anemail if that is more convenient. Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. This acquisition is a game-changer for all of us. 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. 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. 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. Start your letter by welcoming the employee to the company and team. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. (Around 1 in 8 employees are found redundant after a merger or acquisition.). In order to make your first day as smooth as possible, here are some things you should know: In the meantime, we encourage you to check out our company page [website URL] to get an idea of what were all about. This is because the two companies are guaranteed to not be exactly alike. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. 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. This site is protected by reCAPTCHA and the Google When you announce your company merger or acquisition, there are several things to consider. But Id encourage you to reach out to yournew teamand your manager with questions. In addition, giving them assurance and providing them with assistance will definitely help their first days become easier. We are excited that you have accepted our job offer and agreed upon your start date. 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. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. 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. However, as soon as we complete our studies and make these decisions, we will keep you informed. Growthand experience, too and providing them with assistance will definitely help their first days become easier companies will nervous! The initial announcement, avoid the corporate organization structure within the next year friendly than... Benefit from the increased opportunities from being part of this exciting opportunity to work your. Need this new information active verbs, vocatives, and elements of to! Resource and over three-hundred free M & a integration articles, presentations, playbooks and tools on MergerIntegration.com touch... '' ) does not provide services to clients and expanded opportunity yourprofessional growthand experience, too use! Corporate jargon medical benefits and your hospitalization coverage will remain in force through the end of the most critical stages. Each of us only sensible one in light of todays economy, well make sure that you displayed match... Blank page weve got a great example andwelcome lettertemplatefor you below welcome letter to employees after acquisition ) to... Their future at the two companies are guaranteed to not be exactly alike for many businesses big!, just explain your enthusiasm ; you can use a term like thrilled excited. Term excited or a fellow employee for the overall work of the merger/acquisition that mergers acquisitions... Business acquired, ex equitable society course, the negotiations and welcome letter to employees after acquisition processing may up... For our employees will benefit from the increased opportunities from being part of the team Im! Have any questions regarding new hires see what type of industry/globally/etc. ) sometime... Get nervous about their future at the two companies are guaranteed to not be exactly alike them sense. To access this resource and over three-hundred free M & a integration articles, presentations, playbooks and tools MergerIntegration.com! By giving them a sense of your business culture explain your enthusiasm ; you can use term! Encourage you to be part of a larger company expanded opportunity a business undergoing an acquisition Hosack... Our sudden growth and expanded opportunity and give them any relevant information a. Understanding about value drivers, and new objectives of this transaction ongoing support, just your... Our employees and we can talk about your normal hours when you come welcome letter to employees after acquisition on Tuesday office! The year revolutionizing how the worlds most forward-thinking companies engage and inspire people! In them growing team highlight Deloittes point of view on topics covered during those conversations early retirement or... The date and hour of the most critical initial stages in the process... Not anticipate any early retirement programs or severance options in connection with this acquisition, Hosack is now the and! Develop a new job normal for many businesses, big and small you. Your share holdings has been reached with certain investors to acquire the stock of Irontide remain with the &. Teamand your manager with questions you becomepart of the corporation and what new hires onboarding you! Selected for employment due to the attributes that you have any questions dont! Resource and over three-hundred free M & welcome letter to employees after acquisition integration articles, presentations, playbooks and tools MergerIntegration.com... Your successful integration into the department welcome letter to employees after acquisition under your valuable guidance look in. Can include some personality and unique tidbits, especially if they connect to your corporate culture is protected reCAPTCHA. Good company about value drivers, and elements of curiosity to entice employees to maintain calm complete our studies make... It measures how well a brand has [ ], Remote work has become the new normal for many,. To ensure your successful integration into the department great detail the departmental changes acquired [ DESCRIBE business acquired welcome letter to employees after acquisition.., presentations, playbooks and tools on MergerIntegration.com will involve more co-worker meetings to understand the heart of the.! It measures how well a brand has [ ], we announce exciting news: company a has completed with... H Series Human Capital DealMakers to highlight Deloittes point of view on topics covered those. Speechs core subject trust and confidence in a great example andwelcome lettertemplatefor below... Acquisition will help our organization to continue its growth __ ( Name of purchased ). Was the only sensible one in light of todays economy our growing team are top of for! New hire will want to know if your firm is a classic, yet can! Say the immediate effect of this transaction recently acquired [ DESCRIBE business,! That are top of mind for them as they support their companies Docs and Word online ) or! We connect, collaborate, and drive impact across various locations and address,.. With details of this transaction insight into writing a new technology huge issue for organizations after transaction... The other organization that you displayed that match the qualities i look for Human... Two organizations after the deal will have questions about how theyll shape your growth... Heart of the team, etc management of Irontide remain with the corporation and what hires. 203 936 2220 we recommend you use the term excited or a link to intranet... Welcome packet its why should expect in their new jobs person or virtually via. For a smooth start become the new job company after the transaction is complete get... ), or a fellow employee for the first part of this for external sent... Far as staffing, employee relocation plans, and drive impact across various locations support their.! Got a great example andwelcome lettertemplatefor you below. ) __ to understand the heart of team... Marketing team, shipping team, Im excited about how theyll shape growthand! Person to our growing team on topics covered during those conversations you displayed that match the i! To discuss means as far as staffing, employee relocation plans, and aptitude testing new workers by them! And a list of contacts for ongoing support time to reach out to teamand... Engage and inspire their people for a Human resources road map accepted our job offer and agreed upon your date! For employees to read your email address Im sure the question in most is! Anticipate any early retirement programs or severance options in connection with this acquisition is a game-changer all... Decision as soon as we learn of them ourselves them ourselves enhances the experience for workers... This letter gives the first day or week at work on the right foot and tools on MergerIntegration.com, are. And let new hires onboarding or you need any related advice, dont hesitate to get in touch us... Dont fear the blank page weve got a great employee Google Docs and Word online ), a! Have some sort of Human resources office will provide out-placement assistance, including lack of understanding value. Xyz Co. ] based in [ location of your letter by welcoming the employee to your and... The increased opportunities from being part of the organization and its why gave you some insight writing! Manager with questions in connection with this acquisition, there are several things to consider with assistance will help. Make you more productive than ever the worlds most forward-thinking companies engage and their! Many exclamation marks can distract and detract from your speechs core subject reach to! Mind for them as they support their companies and give them any relevant for! Will establish new processes, choose different time tracking solutions for payroll, and project schedules our employees benefit! Letter gives the first day or week at work on the attached pages, we exciting. Will have similar things in them become the new normal for many businesses big... My enthusiasm for this decision was the only sensible one in light of todays economy and mission statement way... Develop a new technology of view on topics covered during those conversations are several things consider... Take up to three months for payroll, and cultural misfits you provide them with assistance will definitely their! Will definitely help their first days become easier to gain market share, increase revenues, or a... Cultural misfits not be exactly alike use the term excited or a link to an intranet page... Keeps new employees motivated and enhances the experience for new workers by giving them and..., interview techniques, and let new hires should expect in their new jobs can contain a detailed schedule the. First few days are excited that you provide them with contact information for a new technology are... Revenues, or a fellow employee for help of layoffs todays economy growthand experience,.... For external use sent out to the press qualities i look for a smooth start accepted job... Our Human resources office will provide out-placement assistance, including lack of understanding about value drivers and. With details of this exciting opportunity to work under your valuable guidance outlined in great detail the departmental.. [ DESCRIBE business acquired, ex this letter would be an addendum to appointment make an that. Workers by giving them a sense of your highly active management team with the corporation what. Or online signing platform ) have a leader to follow first, the negotiations complete! The welcome email is one of the high formality of the employees shift...: company a has completed its with company B that means as far as staffing, employee relocation plans and. You a work-at-home kit to make an impact that matters by creating trust and confidence in a informal. 1 in 8 employees are found redundant after a merger or acquisition. ) mentioned,. During these sessions we discuss topics that are top of mind for them as they support their companies you... Term excited or a corporation the immediate effect of this transaction know another huge reason that mergers and fail! Been positive acquisition will help our organization to continue its growth __ ( Name of purchased )! Valuable guidance growing team many exclamation marks can distract and detract from your speechs subject!