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. Were excited to have you join our awesome team. 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. Our headquarters will be moved to the Chicago office sometime within the next year. Such as your marketing team, legal team, shipping team, etc. MEMO. 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. If theyre coming by train or bus, let them know where they may park and the nearest stations. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Again, congratulations on thenew job. 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. We have put together a schedule for your first week. In addition, this sample includes a very warm tone that helps anyone feel like theyre already a member of the team. Register 2 months in advance and save $1,000. This is a one-time bonus that the organization will give out to high-impact employees. 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. Get a bulk order of your chosen items sent to one or two locations. 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. [email protected]. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Larson & Co, 123 Lane, Area 456, City, State, Pin Code] Dear [NAME, ex. All of us have an exciting future around the corner. Social login not available on Microsoft Edge browser at this time. 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. This welcome message includes a tone of inclusiveness and solidarity, which is great for employee engagement, as the new hire will feel an immediate sense of belonging. 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. Dear All Concerned, We are in the process of acquiring a company. Once a candidate has formally accepted a job offer, each subsequent contact through email is considered part of greeting the employee. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. In the future, as you come in contact with these new members of the Burford-Hymil organization, Im confident you will come to share my great enthusiasm for this relationship. So, as your executive addresses these differences, you will want to update your employees about them. Staying casual and friendly is essential, as remote employees dont have the same resources as on-site employees. Employees who will be terminated due to our restructuring will continue to be paid through May and will receive severance pay according to our usual policy regarding years of service. Describe the other organization that you're joining forces with. When two companies merge - or when another company is acquired - changes will have to be made to employment policies. 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. Certain services may not be available to attest clients under the rules and regulations of public accounting. Use our easy template: Welcome to [Company Name]! Every new employee receives a welcome letter and a list of contacts for ongoing support. But all communications plans will have similar things in them. At a business undergoing an acquisition, it's important for employees to maintain calm. Avoid using redundant adverbs such as extremely, very, or really, Caps marks should be avoided since they might make your email seem excessively aggressive or emotive, Our office phone number is [phone number], Well offer you [item 1/item 2/item 3] to help you get started, You can contact your manager here [email address]. 2023. You can include your company values in a simple bullet list without overwhelming the reader. Brochures on each of these lines will be coming to you within the next two to three months. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). To help you get a feeling of our culture and strong relationship with each other, here are a few links you can check out: We hope youre as excited as we are to get started, and dont hesitate to ask a fellow team member for help at any time. 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. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. During these sessions we discuss topics that are top of mind for them as they support their companies. Whether that nervousness comes from fear of being laid off (which is completely valid, as 1 in 8 employees are found redundant after a merger or acquisition), or that they wont like the new company culture. Transparency and trustworthiness are important business practices that gain the respect of coworkers, clients, and the general public. Whether that be to welcome the employees of the newly acquired company or to welcome all of the employees to the brand new merged company. Our Human Resources office will provide out-placement assistance, including rsum preparation, interview techniques, and aptitude testing. The . Please be patient with us in getting the right answer to you. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. Following that, you must include your entire name or only your first name if you wish to employ a friendly tone. 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.. We have learned today an agreement has been reached for Farmington investors to acquire the stock of Bledson International. 4. Adding to this, a welcome email from a pleasant and contemporary workplace should be catchier than that of a corporation with a more traditional culture, such as a university. 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. 1. Everyone who represents the corporation and the companys conduct as a whole must act with high ethics. 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. It lets your employees know what is happening in the bigger scheme of the organization, which creates a transparency that instills trust. This is another component to our CORI process that is required by all new hires before they start. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'ec9ce763-9304-498f-b5a3-b872c5b8ddce', {"useNewLoader":"true","region":"na1"}); The second announcement will be twofold in that you will be letting your internal employees and investors know that the deal has closed, and you will be alerting the general public (through the press) about the deal. 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. Please rest assured your jobs will in no way be affected. 4. Read: As you can imagine, this decision to establish a restructuring reserve has been given thorough and deliberate consideration by the companys management. Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. 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. Whether that be to gain market share, increase revenues, or develop a new technology. The majority of mergers and acquisitions end up failing their original objectives. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. Theyre what makes WorkTango WorkTango. As a part of this effort, you will be involved in a series of meetings with your manager to gather information and suggestions on decisions directly affecting your area. Nobody knows everything; a culture of openness and continual learning is a tenet of successful businesses. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. To our newest employees, let me be the first to welcome you to Acquirer. UK:+44 203 936 2220 Information on the specific business being merged or acquired (What do they do? Initial Announcement: The purpose of this is to announce the deal, and it will be sent out to investors and internally to employees. HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and . Key Takeaways. This template gives a very friendly impression, making any new hires first day feel less stressful. I have been learning about LinkedIn [] What process will employees follow to accept / decline their offer. Today, we announce exciting news: Company A has completed its with Company B. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. 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. Let readers know where they can direct other questions about changes. Dallas, Texas 75206 You're here because we believe in who you are and what you have to contribute.". There are several ways to do this. You can give a quick preview of the companys missions and goals, adding to the formal ambiance of the email. You will report to the division directors, who will report to the same regional directors. Now I want to draft a welcome mail to the other company employees (ofcourse now they are our employees only) and send to all my departments like, finance, IT, operations etc and ask the HODs to forward it to all the new employees on their . As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. 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. 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. What touch-points should I have in my communication plan? 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. Employee Welcome Letter Template. 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. For your press release, youll want to include information very similar to that which was used in the initial announcement. A welcome letter is a great way to make new employees feel more comfortable before they even start work. Free branded merchandise keeps new employees motivated and enhances the experience for new workers by giving them a sense of your business culture. In the end, a well-written welcome email can help get a new employees career off to a fantastic start at your firm, and its a good idea to take advantage of it. I know we've had some interactions in the interview process, but I'm excited to get to know you better. PRITCHETT, LP Heres an example: Welcome to WorkTango! When the deal closes, you'll send around an email to your employees announcing the merger. At [Company Name], these values guide everything we do: [Company Core Values]. Now that you have included everything in your welcome letter, its time to conclude it in a respectful and professional manner. And acquisition less stressful they support their companies our CORI process that is by! In them include your entire Name or only your first week rest assured your jobs will in way. 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