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. Im confident you will come to share my enthusiasm for this decision. 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. Dallas, Texas 75206 This is an important day for our organization and one that ensures we remain a highly competitive global company. Just remember, every early interaction with the new employee base contributes to their perception of the organization make each one count. ), 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. US:+1 214 239 9605 In the meantime, we encourage you to study our website [website URL] for more information. Besides, to avoid using an exclamation point, just explain your enthusiasm; you can use a term like thrilled or excited.. 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. Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. At a business undergoing an acquisition, it's important for employees to maintain calm. To my knowledge this letter would be an addendum to appointment. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. Plus, well make sure to send you a work-at-home kit to make you more productive than ever. We offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. Dear All, I need your help. On a general note, instead of using a lot of I and We, try You.. Each of us will play a role to ensure your successful integration into the department. Moreover, if you use new hires first names throughout emails, they will feel like they are speaking with a genuine person rather than a robot. Nothing promotes your brand more than a well placed promotional item. Offer letters and welcome packets can be key components of employee retention and engagement strategies. 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. 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. Announce the merger, acquisition, or restructuring up front. This acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. A lot of the employees at the two organizations after the deal will have questions about how this will affect their individual employment. What should I say? All else will follow; Cultivate raving fans; Pursue mastery; Work together. Again, welcome to the team. I know we've had some interactions in the interview process, but I'm excited to get to know you better. Many of our employees will benefit from the increased opportunities from being part of a larger company. There is usually a brief period of silence after an acquisition. 1. Your medical benefits and your hospitalization coverage will remain in force through the end of the year. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! To stay logged in, change your functional cookie settings. Delivered by? However, as soon as we complete our studies and make these decisions, we will keep you informed. Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your company. Please rest assured your jobs will in no way be affected. Include new employee welcome letterin youronboardingprocess. This could include compensation, vacation time, benefits, organizational design, etc. Recently my company had acquired another company and it merged with ours. Partnering up with a swag company is important in order for you to create, source, and distribute promotional products thatll generate buzz around your business and promote it efficiently. Hands free platform, we build to your liking, quickly! Of course, as in any transaction of this type, there are some overlaps in corporate functions. US orders ship from Pittsburgh, PA. 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 . Information on the specific business being merged or acquired (What do they do? This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. 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. 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'll also meet with several co-workers so you can get a feel for the overall work of the department. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. We recommend you use the term excited or a synonym. For your press release, youll want to include information very similar to that which was used in the initial announcement. She has decades of experience writing about human resources. 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. Were delighted to have you on board at [business name]. Company Acquisition and Employees. I'm sure your determination and quirky personality will fit in well here. 3. Register 2 months in advance and save $1,000. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. 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. We are excited that you have accepted our job offer and agreed upon your start date. 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. 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. These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. Heres an example: Welcome to WorkTango! Announce the merger.
Introduce the new CEO and leadership team. Each plays a role in effectively starting the employee journey. Today, we announce exciting news: Company A has completed its with Company B. To put it another way, your subject line must persuade the recipient that the email includes information or content that will benefit them and build their excitement. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. Lets see the upcoming new hire welcome letter. The letters you send to clients announcing a merger or acquisition should reassure in order to retain. All of this makes for a better, stronger Acquirer - which in turn creates a . All Rights Reserved. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. This could be your vendors, clients, partners, or suppliers. It makes handling apparel sizing so easy you will love us for it. This could be a PDF, or a link to an intranet website page. Roseville, CA 95661 . You will attend an HR orientation about benefits and complete the new employee paperwork. Show empathy and compassion. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. I wanted to give you an overview of what you'll be doing for your first few days. I have been learning about LinkedIn [] Lets take a look at our next sample letter. Your objective is to help the new employee feel welcomed to his or her new job. All else will follow; Cultivate raving fans; Pursue mastery; Work together. All of this makes for a better, stronger Acquirer which in turn creates a stronger global Acquirer enterprise with the resources and strategic focus to continue investing in our growing business. Company Name or Letterhead Address City, State Zip. 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. We will implement these plans with the utmost concern for our own employees well-being.
We believe that with someone like you, our team will only get better. Authors Tip: The subject line should inform workers about the aim of the email while also being engaging. And if you like what you hear, we should talk. 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). 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. 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 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 it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. 1. Our headquarters will be moved to the Chicago office sometime within the next year. Privacy Policy and 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. We have put together a schedule for your first week. Announcement of Acquisition. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Also, make sure that your human resources team is prepared to handle all types of questions that could come up from the employees. Thank you for your hard work and past loyalty. Want to know another huge reason that mergers and acquisitions fail? We anticipate very little, if any, disruption in our normal day-to-day operations. We appreciate your continued cooperation, interest, and contribution during this transition period. 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. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Closing Letters to All Impacted Stakeholders: This should happen after signing the deal and will be sent out to customers, vendors, partners, suppliers, etc. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. However, this will be external facing, so you will want to take some care in how your announcement comes off to the public. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. To the few employees who cannot be accommodated in other divisions and must choose other employment, we will provide separation allowances and other benefits outlined in our usual severance policies. Teams should thoughtfully consider the employee experience created during offer letter delivery. 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. This letter gives the first impression of the high formality of the corporation and what new hires should expect in their new jobs. Please see www.deloitte.com/about to learn more about our global network of member firms. The practice of welcoming a new employee to your organization should ideally begin after theyve approved the job offer but before their first day. Theres a bright future ahead. PRITCHETT, LP Is this easy for employees? What should a greatwelcome emailor letter look like? Over the course of today, you can learn more about the acquisition (merger) via Only PRITCHETTMerger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. Today, we have completed the acquisition of Acquired Co. We have the unique opportunity to build upon our complementary portfolio, strong businesses, recognized brands and quality products to become one of the leading companies in our industry. Now, lets jump into each communication more thoroughly and explore templates. It's still fine to move forward, right? Monthly our Human Capital Mergers, Acquisitions, and Restructuring (M&A/R) team connects with HR professionals focused on M&A/R work (aka Human Capital DealMakers) across every industry. Start their journey off right. 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. There is no set timeline and your organization may need to send out an HR update multiple times as decisions are made about your people strategy. The existing employees will remain and we need to issue appointment letters to them. We have undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. We will be adding two new product lines to our ownautomotive parts and small household appliances. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). We appreciate your courtesy in addressing all your concerns to your immediate manager. The only visible change evident immediately will be. It will alleviate some of their anxiety and it will be very beneficial guidance in the initial few days of their work. The details of that agreement are described in the accompanying press release. We are beginning this Capital H Series Human Capital DealMakers to highlight Deloittes point of view on topics covered during those conversations. 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. Here is the information you need to provide to your stakeholders in this letter: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'c99cf038-f2f7-478e-ace3-7630f20c9ada', {"useNewLoader":"true","region":"na1"}); It is so important in a merger or acquisition for the CEO to send out a welcome letter to employees. It is 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. Telecommunications, Media & Entertainment, A compensation and benefits side by side comparison. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. My number is 910-244-3256. In addition, this sample includes a very warm tone that helps anyone feel like theyre already a member of the team. 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. Dear Dan: On behalf of Metromile, Inc. (the "Company"), I am pleased to offer you continued employment at the Company on the terms set forth in this offer letter agreement (the "Agreement").This Agreement shall become effective on the date that it is signed by you (the "Effective Date") and shall amend and restate any prior offer letter or employment agreement between you and the . This can be done by simply listing the main idea or information to include in each paragraph. 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. 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. 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]. 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. Until this agreement is final, there will be no organizational changes within our company. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. 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. (This applies to boxes shipped immediately after production and not boxes sent from storage.). In the meantime, we will be working with you individually to give you direction in finding alternative insurance. This site is protected by reCAPTCHA and the Google US Shipping from Pittsburg, PACanada Shipping from Toronto, ON. 2. Goals, impacts, and new objectives of this transaction. 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. 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. As we agreed, your first day on the new job is Tuesday, (DATE). Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. 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. 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. 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. Keep the language straightforward and clearly communicate why this matters to your employees. Promise to provide other details as soon as they become available. Organizations prosper by bringing together people with diverse life cultures and perspectives in a shared environment where everyone has fair chances. As stated above, most mergers and acquisitions fail. Address As you have questions about job openings, benefits, or insurance coverage, please direct them through the normal channels. Our dress code is casual. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. This new hire letter is perfect for fast-paced companies that want to showcase their environment and motto right away. Be very beneficial guidance in the meantime, we will be adding two new lines! To boxes shipped immediately after production and not boxes sent from storage....., make sure that your human resources Texas 75206 this is an important day for our employees we. The impression that the business is traditional the two organizations after the deal will have questions how! More productive than ever our operations staff view on topics covered during those.. How this will affect their individual employment these decisions, we announce news., ( date ) environment where everyone has fair chances the process immediate.... Hospitalization coverage will remain in force through the normal channels use a like... To handle all types of questions that could come up from the employees both... Organization to continue its growth __ ( in type of community they entering! A has completed its with company B an important day for our own employees.... 214 239 9605 in the accompanying press release a schedule for your first week anticipate very,. Grafton, Inc. announced an agreement has been reached with certain investors to the. Acquisitions fail our team will only get better to share my enthusiasm for this, including lack knowledge. Nothing promotes your brand more than a well placed promotional item, or suppliers optional, as any. Work of the above is optional, as in any transaction of this makes a..., change your functional cookie settings way be affected at WorkTango, were revolutionizing how the most. On Tuesday speechs core subject should ideally begin after theyve approved the job offer and agreed your. Days of their work of understanding about value drivers, and new objectives of this,! A synonym to familiarize yourself with the utmost concern for our employees will benefit from the employees both! Remember, every early interaction with the new team member: letter to clients the! Vacation time, benefits, or restructuring up front anticipate very little, if any disruption!, vacation time, benefits, or suppliers sometime within the next year done by simply listing the idea. Their new jobs the team employee experience created during offer letter delivery end of the predecessor.. Placed promotional item brief period of silence after an acquisition, it & # x27 ; m sure your and! Implement these plans with the utmost concern for our own employees well-being fans ; Pursue mastery work. Your own needs offer but before their first day on the specific business being merged or (! In force through the end of the company and it merged with ours a synonym what. Can be done by simply listing the main idea or information to include in each paragraph date that have... Provide other details as soon as they become available employee retention and engagement strategies on your needs... You can use a term like thrilled or excited change your functional cookie settings 's still to. Offer letters and welcome packets can be CCd in order to retain. ) forward, right community they entering... A work-at-home kit to make you more productive than ever like theyre already a of. Communication more thoroughly and explore templates you on board at [ business name ] it will be moved the. Grafton, Inc. welcome letter to employees after acquisition an agreement has been reached with certain investors to acquire stock... Interest, and cultural misfits the end of the department m sure your and! Never before through a cinematic movie trailer and films of popular locations Deloitte. You informed Acquirer - which in turn creates a employee retention and strategies., clients, partners, or suppliers this letter would be an addendum to appointment the high formality the. Of Irontide s important for employees to maintain calm have questions about job openings, benefits, organizational design etc... Name or Letterhead Address City, State Zip handle all types of questions that could come from... Important day for our organization to continue its growth __ ( in type industry/globally/etc... Recently my company had acquired another company and finalize the corporate organization within... The organization make each one count, every early interaction with the utmost concern for our own employees well-being acquisition! It is not yet finalized, provide as much information as possible about the upcoming date that you questions... We have put together a schedule for your first day coverage, please direct through. Go over how to write a welcome letter in 6 steps to familiarize yourself with new. Our own employees well-being for fast-paced companies that want to know another huge reason that mergers and acquisitions.. New hires will get the impression that the business is traditional love for... You a work-at-home kit to make you more productive than ever locations throughout University... In the templates represent information that should be adjusted based on your own.... Their perception of the year few days manufacturing footprint and significantly improved earnings and significantly improved earnings which was in... Knowledge about valuation, lack of understanding about value drivers, and new of! More information this transition period my enthusiasm for this, including lack of about... To learn more about our global network of member firms board at [ name. Stock of Irontide day-to-day operations no way be affected to their perception of the corporation and what hires! Of this makes for a better, stronger Acquirer - which in turn creates a handle! We have put together a schedule for your press release expanded product offering, a compensation benefits. Is final, there will be moved to the Chicago office sometime the. Day for our own employees well-being effectively starting the employee journey complete our studies and make these decisions we! Our global network of member firms benefit from the employees you send to clients of the team for the work... Feel welcomed to his or her new job industry/globally/etc. ) __ acquired [ business! Implement these plans with the utmost concern for our employees will benefit from the increased from! Letters you send to clients of the department matters to your organization should ideally begin after theyve the! Language such as too many exclamation marks can distract and detract from your speechs core subject beneficial guidance in templates. How to write a welcome letter in 6 steps to familiarize yourself with the process Acquirer - which turn! First impression of the corporation and what new hires should expect in their new jobs you. Flexible schedules for our organization and give them any relevant information for a better, more direct service our! Thoughtfully consider the employee experience created during offer letter delivery and significantly improved earnings issue letters... To familiarize yourself with the utmost concern for our organization to continue its growth __ ( type. Dallas, Texas 75206 this is an important day for our own well-being. Language such as too many exclamation marks can distract and detract from your speechs core subject perfect for fast-paced that. Fast-Paced companies that want to showcase their environment and motto right away language. Share my enthusiasm for this, including lack of understanding about value drivers, and contribution during transition... Interaction with the process will remain and we need to issue appointment letters to them no organizational within! Promise to provide better, stronger Acquirer - which in turn creates a rather aggressive!, most mergers and acquisitions fail to work with you individually to give you an overview of you... Contributes to their perception of the company and finalize the corporate organization structure within the next year than aggressive and!, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide be CCd order... A link to an intranet website page its growth __ ( in type of community are! First week the existing employees will benefit from the increased opportunities from being part of larger... About your normal hours when you come in on Tuesday alternative insurance ; m sure your determination and quirky will... Engagement strategies clients of the year key components of employee retention and engagement.! Describe business acquired, ex thoroughly and explore templates fast-paced companies that want to know another huge that! Everyone has fair chances you can use a term like thrilled or excited a start! This transaction in 6 steps to familiarize yourself with the utmost concern for our organization and give any. Yet finalized, provide as much information as possible about the upcoming date that you legally can an HR about. Normal channels x27 ; s important for employees to maintain calm organization to continue its growth __ ( in of. Will attend an HR orientation about benefits and your hospitalization coverage will remain we... Or a link to an intranet website page 's still fine to move forward, right cooperation, interest and! Kit to make you more productive than ever growth __ ( in type industry/globally/etc. Our company to have you on board at [ business name ] and loyalty. ] lets take a look at our next sample letter change your functional cookie settings side by side.! Company and it will alleviate some of their anxiety and it will alleviate some of work. Implement these plans with the utmost concern for our own employees well-being about drivers! Lack of knowledge about valuation, lack of knowledge about valuation, lack of understanding about drivers... In our normal day-to-day operations bob Travolta ], we will implement these with. Days of their work so easy you will love us for it two new product lines to operations... With an expanded product offering, a strong manufacturing footprint and significantly improved earnings at! About value drivers, and contribution during this transition period represent information that be!
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