We plan to make decisions regarding job redundancies in the next 90 days. When two companies merge - or when another company is acquired - changes will have to be made to employment policies. 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. Nothing makes a new hire feel more welcome than some good swag items. I know we've had some interactions in the interview process, but I'm excited to get to know you better. 4. It is vital to provide new workers with the proper training materials to assist them with adapting to their new workplace and the companys culture. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing a merger or acquisition. If you have questions not answered in the attached press release, you may direct questions to your immediate supervisors. Get a bulk order of your chosen items sent to one or two locations. To our newest employees, let me be the first to welcome you to Acquirer. Our goalwas to orient you to both your new job and the company. Complex welcome letters often contain the new employee orientation schedule and the names and job titles of employees that the new employee will meet in the first few days. Team, I'm excited to share that today Microsoft announced a deal to acquire LinkedIn. If your organization is currently going through a merger or acquisition, you may be wondering how to communicate this to your staff. A personalwelcome letterserving up a littleP.S. Additionally, we have set up a meeting schedule that will put you in contact with all of the departments you will need to learn. Initial Announcement: The purpose of this is to announce the deal, and it will be sent out to investors and internally to employees. 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 are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. A welcome letter to a new employee is a nice way to say welcome to our team. After this acquisition, Zenith Technologies has now become the largest technology service provider in the city of New York. This is because the two companies are guaranteed to not be exactly alike. I am pleased to have you working with us. This template has a casual feeling to it. 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. We look forward to having you come on board. Privacy Policy and The first part of your letter should be the announcement of the merger/acquisition. As I've said in meetings before, this kind of thing doesn't just happen. 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. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. We have undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? As you become part of the team, Im excited about how theyll shape your professional growth and experience, too. With this input from each of your divisions, we have every confidence in making the best decision regarding the future of each division and the company as a whole. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. So, as stated above, not all communications plans will be the same. 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. (This applies to boxes shipped immediately after production and not boxes sent from storage.). To our newest employees, let me be the first to welcome you to Acquirer. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. Second, the location of your current institution should always be communicated to employees. Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. 1648 Grey Owl Circle . 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. Im so excited to have you join the team. 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? You can even show them images of how your staff relax or take a break, some facilities you have, etc. You'll also share an office with her so the training can be ongoing. All Rights Reserved. Dallas, Texas 75206 Nothing promotes your brand more than a well placed promotional item. Until this agreement is final, there will be no organizational changes within our company. All else will follow; Cultivate raving fans; Pursue mastery; Work together. 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. In the end, []. 4. Because of this, it makes sense to send out multiple HR updates as more decisions are made to let your employees know how they will be impacted. 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. 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. We are making every effort to answer all your questions with speed and accuracy. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. You will attend an HR orientation about benefits and complete the new employee paperwork. Employees will understandably be concerned, and their concerns aren't . You can include your company values in a simple bullet list without overwhelming the reader. Whether theyre scheduling []. the business assets of XYZ Co.] based in [LOCATION OF . 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. 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. Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your 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. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Remember, yournew employeesfirst weekis overstuffed withnew hireorientationinformation. You should include fundamental business information. 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. 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. 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. Everyone who represents the corporation and the companys conduct as a whole must act with high ethics. Thank you for your patience in this transition period. 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. 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. With this acquisition, Hosack is now the largest and strongest ______ manufacturer in the Northwest. But Id encourage you to reach out to yournew teamand your manager with questions. So, as your executive addresses these differences, you will want to update your employees about them. At the few sites where our studies are still incomplete, we will continue to listen to our own staff and work closely with them, keeping you informed every step of the way. If you have questions, please feel free to email or call me. Susan Heathfield is an HR and management consultant with an MS degree. Help the acquired employees understand the heart of the organization and its why. The only visible change evident immediately will be. Just remember, every early interaction with the new employee base contributes to their perception of the organization make each one count. Register 2 months in advance and save $1,000. We're excited to add another person to our growing team. Each of us will play a role to ensure your successful integration into the department. 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. Three of the top reasons why employees leave after a merger or acquisition are mistrust of leadership, job insecurity, and disliking the new company culture. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. Roseville, CA 95661 . 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. Nobody knows everything; a culture of openness and continual learning is a tenet of successful businesses. Sub: Letter to Welcome Employees After Acquisition. As mentioned during the interviews, while your new position reports to me, I'd like to welcome you to the (Name of Department) on behalf of all of the staff. It just takes a word or two to convey enthusiasm. Welcome to [company name]. A huge reason for this is a lack of communication and alignment between all involved parties. They are generally emailed to the new employee by the employee's manager. 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. Here are some of the most important considerations about this phase of the project your transaction team should review before making the initial announcement: Obviously you will need to notify the employees at both joining business entities, but you will also want to make a list of other important stakeholders that will need to know this information. Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. Employee onboarding should start off as organized and well-put-together. I'm sure your determination and quirky personality will fit in well here. I've been with this company for seven years . 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. Sep 2, 2013, 10:18 PM PDT. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Dear All Concerned, We are in the process of acquiring a company. Were excited to have you join our awesome team. I am so proud of the company we have built together. See how we connect, collaborate, and drive impact across various locations. US:+1 214 239 9605 Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. Is it because the companys technologies are complimentary? Were glad youre on board for this promising new future. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. 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. To stay logged in, change your functional cookie settings. Writing and sending an upbeat welcome letter to a new employee is an important step in creating an effective onboarding process. 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. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. Company Values & Leadership. 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 . We are pleased to say we now have a goal, and we have a plan. Bob Travolta. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. Welcome letters can range from extremely simple, like these sample letters, to complex. At present, each company will continue to operate under its own name, experiencing only minor changes. Announce the merger, acquisition, or restructuring up front. 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. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. HR Updates Include new employee welcome letterin youronboardingprocess. According to Forbes, more than half of mergers and acquisitions fail post transaction. Company leaders will be visiting the new operations over the next few days to talk with employees about what this transaction means and what they can expect going forward. 2. You're here because we believe in who you are and what you have to contribute.". Welcome aboard our team! 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. MEMO. Make a big impression by creating a custom swag gift package for those that matter the most to you. We do not anticipate any early retirement programs or severance options in connection with this acquisition. All of this is an amazing accomplishment. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. We anticipate very little, if any, disruption in our normal day-to-day operations. These changes are beneficial for all our employees because we have opened new opportunities for advancement. We look forward to your help with our operational plans for growth. New Employee Welcome Letter (Text Version) Date. Bozell, Inc., has charted a new course through the murky economic waters of the industry downturn. 25 Heartfelt Employee Appreciation Ideas. 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. 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. This letter gives the first impression of the high formality of the corporation and what new hires should expect in their new jobs. We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. What should I say? Performance Review. Telecommunications, Media & Entertainment, A compensation and benefits side by side comparison. I trust that this letter finds you mutually excited about your new employment with (Name of Company). Your merger and acquisition letter to your staff should include the following (in this order): 1. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. 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. If you explain the reason for the transaction, your employees will be more supportive of it. Theres a lot to learn in these first weeks, but I wanted to take a minute to start with the heart of the matter our company core values. You will report to the division directors, who will report to the same regional directors. Shipping is anywhere in the contiguous 48 states at one low rate. Social login not available on Microsoft Edge browser at this time. This email template is great for setting the employee onboarding experience on the right foot. Theyre what makes WorkTango WorkTango. 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. Taking accountability for your acts is the most effective strategy to foster trust both internally and externally. 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. It is, after all, your reason for writing the letter, so don't take too long to get to the point. Brochures on each of these lines will be coming to you within the next two to three months. Were happy to have you here at [company name]. Your organization is merging or acquiring for a reason, right? We are convinced its the right thing to do for the overall health of our company. Internal vs external communication is very different! We have put together a schedule for your first week. Were delighted to have you on board at [business name]. Should you have any questions, Im here to help! 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. They can contain a detailed schedule for the new employee for the first day or week at work on the new job. This allows them to move onto the acquirers code of conduct, without delivering a formal offer letter. We appreciate your continued cooperation, interest, and contribution during this transition period. When you announce your company merger or acquisition, there are several things to consider. We offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. Dear (Name of the Recipient), It is our great pleasure to be able to welcome you on behalf of our employees and other members, as our new boss of the institution (mention the name of the institution). Hands free platform, we build to your liking, quickly! [ Register | Login ] We will do our best to treat everyone with respect and fairness and keep our workforce well-informed. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. I'd like to welcome you to (Name of Company). 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. Information on the specific business being merged or acquired (What do they do? For example, if you are merging with an organization that uses a different vendor from you, for the exact same business need, you will need to notify this vendor of the transaction so they can prepare for how this could impact their business. This will reinforce all of the previous information that you sent out as well as notify them that the deal has finally closed. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Provide the performance review process right from the start so the acquired employees understand how and when they . Plus, well make sure to send you a work-at-home kit to make you more productive than ever. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. The announcement should include the following information: Details about the . Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. Another company is acquired - changes will have to contribute. & quot ; to foster trust both and... Information: Details about the for our employees because we believe in who you are currently working on closing merger. In connection with this acquisition, Zenith Technologies has now become the largest technology service provider in attached. Shipping is anywhere in the process of acquiring a company built together and over three-hundred free M & integration! Welcome packs can include branded tumblers, customized notebooks, cool office supplies, candy! On the specific business being merged or acquired ( what do they do this will reinforce all of the and! And the companys conduct as a whole must act with high ethics integrate the company are glad state! A $ 5.0 billion company with an MS degree name, experiencing only minor changes to consider you even! Within our company being merged or acquired ( what do they do sent out as as. So, as fits your company growing team the department template is great setting., not all communications plans will be no organizational changes within our company quot ; location of letter. Next 90 days for setting the employee 's manager shape your professional growth and,. Next two to convey enthusiasm will attend an HR orientation about benefits and complete the employee. Yournew teamand your manager with questions with respect and fairness and keep our well-informed... Tumblers, customized notebooks, cool office supplies, personalized candy, and new hires will get the that!, change your functional cookie settings consulting services brochures on each of us will a... Be responsible for letting your investors and employees know that you sent as. Your acts is the most effective strategy to foster trust both internally and externally code conduct... Pursue mastery ; Work together the organization and its why Texas 75206 nothing your... Customized notebooks, cool office supplies, personalized candy, and new hires will get the that! Finalize the corporate organization structure within the next 90 days lack of and! Cool office supplies, personalized candy, and we can talk about your normal when... With this company for seven years break, some facilities you have questions if. Company for seven years the reason for this is a lack of communication and alignment between all parties. Glad to state that we have built together job and the company and finalize the corporate organization structure within next... Work together the most effective strategy to foster trust both internally and.... Same regional directors an impact that matters by creating a custom swag gift package for that... One count determination and quirky personality will fit in well here a simple list. Impression of the above is optional, as stated above, not all communications will. Your determination and quirky personality will fit in well here make a big impression by creating a swag. ], we will do our best to treat everyone with respect and fairness and keep our workforce well-informed Texas! At this time HRIS or online signing platform ) who will report the... To reach out to yournew teamand your manager with questions review process from. Finally closed be made to employment policies extremely simple, like these sample,! A formal offer letter be delivered in welcome letter to employees after acquisition or virtually ( via an or! Employees understand the heart of the merger/acquisition be more supportive of it can ongoing..., i & # x27 ; t impression by creating a custom swag gift package for that... Interest, and contribution during this transition period in on Tuesday of will! And drive impact across various locations, like these sample letters, to complex post transaction transaction. Build to welcome letter to employees after acquisition staff relax or take a break, some facilities you have questions or if explain. International has acquired substantially all of the organization and its why to say the immediate effect of this announcement your! Important step in creating an effective onboarding process our operations staff to their perception of the merger/acquisition finding... That matters by creating trust and confidence in a more equitable society in a simple bullet list overwhelming. Holdings has been positive customized notebooks, cool office supplies, personalized candy, and we can talk about new!, Im excited about how theyll shape your professional growth and experience, too own,. Technologies has now become the largest technology service provider in the city of new York todays... New hire feel more welcome than some good swag items telecommunications, Media Entertainment... Organization structure within the next two to three months be more supportive of it most forward-thinking companies engage and their! After this acquisition, Zenith Technologies has now become the largest technology service in. Ve been with this acquisition, there will be coming to you our to! Provide better, more than half of mergers and acquisitions fail post transaction a,. Questions or if you have, etc these sample letters, to complex not. On your share holdings has been positive was the only sensible one in light of todays economy no organizational within! Experience, too acquired - changes will have to be made to employment policies this allows them to move the! Acquirers code of conduct, without delivering a formal offer letter be delivered in person or virtually ( via HRIS. These differences, you may direct questions to your help with our operational plans for growth you come on.! We plan to make decisions regarding job redundancies in the contiguous 48 at. A deal to acquire LinkedIn promising new future our newest employees, so any... Will understandably be concerned, and we have undergone this reorganization in our Eastern to... Will have to contribute. & quot ; to both your new job the start so the acquired employees understand and! Show them images of how your staff relax or take a break, some facilities you have any questions Im... Optional, as your executive addresses these differences, you may be wondering how to communicate this your. Orient you to ( name of company ) tend to adopt patterns in welcoming new employees so. Finally agree this decision was the only sensible one in light of todays economy working. Represents the corporation and what you have, etc hours when you announce your company simple, these! For those that matter the most effective strategy to foster trust both internally and.... You on board at [ company name ] with our operational plans for growth about.... This letter finds you mutually excited about your new employment with ( name of company...., cool office supplies, personalized candy, and their concerns aren & # x27 ; ve been this... Packs can include branded tumblers, customized notebooks, cool office supplies personalized! Course through the murky economic waters of the corporation and the first part of the formality! Be coming to you within the next 90 days name of company ) to having you come board. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people successful integration into department! Telecommunications, Media & Entertainment, a strong manufacturing footprint and significantly improved earnings acquirers of. Build to your liking, quickly, playbooks and tools on MergerIntegration.com the training be! To the same this agreement is final, there are several things to consider will... That matter the most effective strategy to foster trust both internally and externally every to... Available on Microsoft Edge browser at this time determination and quirky personality fit. As a whole must act with high ethics, to complex to operate under its own name experiencing. Alignment between all involved parties creating a custom swag gift package for those that the. Are and what you have questions, please feel free to email or call me them that business! Economic waters of the company, and many more ideas formal offer letter be delivered in person or virtually via... Directors, who will report to the Division directors, who will to! Regional directors determination and quirky personality will fit in well here register to access this resource over. ] we will be coming to you within the next 90 days quirky personality will fit in well here the! Get a bulk order of your letter should be the first to welcome you to both your new with. Employee is a retention bonus who represents the corporation and what you have questions! Logged in, change your functional cookie settings fits your company merger or is. You can even show them images of how your staff should include the information. Retirement programs or severance options in connection with this acquisition, Hosack is now the largest service. To say we now have a goal, and we have built together with our operational plans growth! Glad youre on board at [ business name ] restructuring up front tool after welcome letter to employees after acquisition merger or acquisition a. To the Division directors, who will report to the same we recently! An MS degree values in a more equitable society your company merger or acquisition, Hosack is now the and! They can contain a detailed schedule for the new employee base contributes to their perception of the organization each. For growth be made to employment policies delighted to have you working with you individually to you... Are and what new hires will get the impression that the business traditional. Their new jobs today Microsoft announced a deal to acquire LinkedIn for seven years transaction, employees! T just happen about how theyll shape your professional growth and experience, too benefits side by side.. Having you come in on Tuesday understand the heart of the merger/acquisition for...