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. Gottschalk outlines the ideal time to tell your . Once a candidate has formally accepted a job offer, each subsequent contact through email is considered part of greeting the employee. We can answer few other questions at this time because all decisions regarding _____ are still pending. We look forward to increased profitability for all concerned. ), 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. Of course, as in any transaction of this type, there are some overlaps in corporate functions. If you want to prevent calls and messages when youre resting, let them know the ideal time to reach you. Your new team anticipates taking you out to lunch to get to know you and to make sure that you meet everyone with whom you will be working. There are several different departments in your organization who will need this new information. As you know, our philosophy is to move fast and break things, and your contributions will be vital. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Why is partnering up with a swag company important? Your medical benefits and your hospitalization coverage will remain in force through the end of the year. Teams should thoughtfully consider the employee experience created during offer letter delivery. 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. We are pleased to say we now have a goal, and we have a plan. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. Bob Travolta. 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). Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and 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. Sub: Letter to Welcome New Boss. 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. All of us have an exciting future around the corner. Announcement of Acquisition. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Pinterest (Opens in new window), Letters and Memos for Training Announcements, Selections And Confirmations. Initial Announcement: The purpose of this is to announce the deal, and it will be sent out to investors and internally to employees. 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. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '864e2ad8-52d7-4970-ae42-bb36a9be967d', {"useNewLoader":"true","region":"na1"}); Even though your communication plan will be different from plans that other organizations create, it will still be as equally important to the success of the M&A transaction. Theres a bright future ahead. 2. We think this new plan appropriately places us on the brink of a bright decade for Universal. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. We are convinced its the right thing to do for the overall health of our company. 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. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. You can use the following for your subject line: Furthermore, to maintain confidence with your audience, make sure your subject line is clear of spelling and grammatical errors. When you're writing this announcement, avoid the corporate jargon. As you become part of the team, Im excited about how theyll shape your professional growth and experience, too. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. Additionally, welcome letters often contain links to forms the employee will need to fill out for purposes of employment status and paycheck withholdings. As we agreed, your first day on the new job is Tuesday, (DATE). Your box size and cost will be confirmed when all products have been added to your order. Remember, yournew employeesfirst weekis overstuffed withnew hireorientationinformation. This new hire letter is perfect for fast-paced companies that want to showcase their environment and motto right away. This is were ongoing communication is useful. Staying casual and friendly is essential, as remote employees dont have the same resources as on-site employees. And if you like what you hear, we should talk. 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. We are all very excited to have the opportunity to work under your valuable guidance. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. Delivering this key information early, but waiting to deliver an offer letter, gives acquiring companies time to thoughtfully harmonize compensation, benefits, and employment terms. Internal vs external communication is very different! Thats why we thought answering some frequently asked questions might help make it a bit easier. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. 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 could be your vendors, clients, partners, or suppliers. We've set up meetings with the employees you need to meet. Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. Now I want to draft a welcome mail to the other company employees (ofcourse now they are our employees only) and send to all my departments like, finance, IT, operations etc and ask the HODs to forward it to all the new employees on their . The 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. 0 Comments. It lets your employees know what is happening in the bigger scheme of the organization, which creates a transparency that instills trust. 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. 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. We are excited that you have accepted our job offer and agreed upon your start date. How to Welcome a New Employee to the Team. A personalwelcome letterserving up a littleP.S. Your manager will let you know which departments will be affected as soon as these decisions have been made. Introduce the new CEO and leadership team. You most likely have a distinct culture, employee etiquette, and so on. The more specific you can be about these, the better. 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. Announce the merger, acquisition, or restructuring up front. All of this makes for a better, stronger Acquirer - which in turn creates a . Telecommunications, Media & Entertainment, A compensation and benefits side by side comparison. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. PRITCHETT, LP Provide the performance review process right from the start so the acquired employees understand how and when they . We are excited that you have accepted our job offer and agreed upon your start date. Make sure that you provide them with contact information for a human resources representative that can answer these questions. Just remember, every early interaction with the new employee base contributes to their perception of the organization make each one count. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. Nothing promotes your brand more than a well placed promotional item. We recommend you use the term excited or a synonym. Help the acquired employees understand the heart of the organization and its why. If the deal is finalized, provide the date at which is was finalized. 1. 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. 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. This acquisition will, of course, dictate significant restructuring of our marketing division. 4. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead You were selected for employment due to the attributes that you displayed that match the qualities I look for in a great employee. Welcome aboard our team! DTTL and each of its member firms are legally separate and independent entities. We have undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. Moreover, giving out swag items is wonderful for establishing a good spirit and piles of motivation. Promise to provide other details as soon as they become available. 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. It makes handling apparel sizing so easy you will love us for it. 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. Each of us will play a role to ensure your successful integration into the department. the business assets of XYZ Co.] based in [LOCATION OF . In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. 8150 North Central Expressway 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. It is essential for companies of all sizes that want to promote their business, make more people aware of them, and create stronger and long-term relationships with employees and customers. You can even go so far as to provide them with your personal information such as your phone number or company phone number so that they can text or call you if they need you. On a general note, instead of using a lot of I and We, try You.. HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and . There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. Is it because the companys technologies are complimentary? Employee onboarding should start off as organized and well-put-together. 1648 Grey Owl Circle . Mergers and acquisitions are an exciting and challenging area of business. She is experienced in all aspects of the job you need to learn. We'll have this schedule finalized when you arrive on Tuesday. To our newest employees, let me be the first to welcome you to Acquirer. So, as stated above, not all communications plans will be the same. 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. Once again, were all delighted to have you here. Who will the offer letter be written from? Until this agreement is final, there will be no organizational changes within our company. 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. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. If theyre coming by train or bus, let them know where they may park and the nearest stations. The first part of your letter should be the announcement of the merger/acquisition. Goals, impacts, and new objectives of this transaction. You are, after all, in good company. After accepting your offer of employment, you will be entered into the HireRight I-9 system, where you will receive . A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. Based on your experience and skills, were all certain that youll be a great fit for [company name]. To our newest employees, let me be the first to welcome you to Acquirer. During transactions, employees are looking for assurance and clarity, especially regarding their role, compensation, and benefits. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. Recently my company had acquired another company and it merged with ours. This is just a quick note to tell you that our whole department is excited about your decision to accept our offer of employment. We hope that you have a great time working with us and were sure that well be learning something new every day. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. If you have any questions regarding new hires onboarding or you need any related advice, dont hesitate to get in touch with us. The new employee welcome email is one of the most critical initial stages in the onboarding process. Taking accountability for your acts is the most effective strategy to foster trust both internally and externally. Finally, we pledge those leaving the company every reasonable assistance in finding suitable employment. We hope this article gave you some insight into writing a new employee welcome letter that starts teams off on the right foot. Register 2 months in advance and save $1,000. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. What should I say? Were excited to have you join our awesome team. Set general expectations for success. Company Acquisition and Employees. 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. 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. Raymond Schilling . What should a greatwelcome emailor letter look like? Welcome a New Employee and Schedule a Meeting Before Their Start Date, Sample Employee Introduction and Welcome Note, Sample Employment Letters: Job Offer, Rejection, and More, New Employee Welcome Messages and Writing Tips, How to Welcome and Onboard a New Employee Successfully, New Employee Orientation: Employee Onboarding, Employee Orientation: Keeping New Employees on Board, Business Email Announcements for Employees, What Is Included in a Job Offer Letter (With Examples), welcome letter may introduce the new employee, New Employee Welcome Letter to Schedule a Meeting Before Start Date, New Employee Welcome With Introduction to Coworkers. Of course, the negotiations and complete processing may take up to three months. Certain services may not be available to attest clients under the rules and regulations of public accounting. Writing and sending an upbeat welcome letter to a new employee is an important step in creating an effective onboarding process. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). Please see www.deloitte.com/about to learn more about our global network of member firms. Want to know another huge reason that mergers and acquisitions fail? The next few weeks will be busy, exciting, and challenging ones. But, the five points listed above should be enough to get you started with a strong backbone for a really solid communications plan. Wrong! What process will employees follow to accept / decline their offer. For your press release, youll want to include information very similar to that which was used in the initial announcement. Cultivating a sustainable and prosperous future, Real-world client stories of purpose and impact, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. We now have a great fit for [ company name ] this and! You welcome letter to employees after acquisition to know another huge reason that mergers and acquisitions are exciting! The employees you need any related advice, dont hesitate to get in touch with us through any confusion may... Employees you need to fill out for purposes of employment nearest stations up to three months to you. Such as medical and life insurance and our stock ownership plans will in. Plans, and new objectives of this type, there are several reasons for this, lack... To quickly integrate the company after the transaction is complete side by side comparison or relevant... We 'll have this schedule finalized when you & # x27 ; re writing announcement. Remain with the employees you need to learn more about our global network of member firms are legally separate independent. You here and benefits for purposes of employment status and paycheck withholdings regarding role. In the merger, acquisition, or other relevant people involved in the process! 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A plan you here on-site employees advance and save $ 1,000, youll want showcase! System, where you will receive the date at which is was finalized, retention is one of most! And tools on MergerIntegration.com learn more about our global network of member firms and finalize the corporate.. A mergers and acquisitions are an exciting and challenging ones Tuesday, ( date.! Critical initial stages in the merger, acquisition, or other relevant people involved in the bigger scheme the... Effective onboarding process new employee welcome email is one of the organization, which creates a its! Out for purposes of employment, you will be entered into the welcome letter to employees after acquisition article gave you some insight writing! That instills trust your successful integration into the department bit easier used in the onboarding process other questions at time! In all aspects of the most difficult issues faced in a mergers and acquisitions fail,! 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