Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. (This applies to boxes shipped immediately after production and not boxes sent from storage.). At a business undergoing an acquisition, it's important for employees to maintain calm. I'm sure your determination and quirky personality will fit in well here. 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. Whether that be to gain market share, increase revenues, or develop a new technology. This could include compensation, vacation time, benefits, organizational design, etc. 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. Featured image by Brett Jordan on Unsplash. It just takes a word or two to convey enthusiasm. Since most mergers and acquisitions fail, this ongoing communication to keep your new band of employees aligned and working towards one goal will greatly improve your chances of success. We will do our best to treat everyone with respect and fairness and keep our workforce well-informed. My number is 910-244-3256. Welcome, visitor! Additionally, we have set up a meeting schedule that will put you in contact with all of the departments you will need to learn. Start their journey off right. You will attend an HR orientation about benefits and complete the new employee paperwork. You're here because we believe in who you are and what you have to contribute.". 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. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. Information on the specific business being merged or acquired (What do they do? We anticipate no changes in coverage or costs as a result of this agreement. 25 Heartfelt Employee Appreciation Ideas. Employee Welcome Letter Template. Your box size and cost will be confirmed when all products have been added to your order. 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. And that is just one issue to worry about! 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. We have undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. I want to emphasize that relatively few of our divisions and few of our employees will be affected by this decision. Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. A huge reason for this is a lack of communication and alignment between all involved parties. The first part of your letter should be the announcement of the merger/acquisition. You will want to notify them of such a big company change, and let them know how, if at all, this will impact your business relationship with them. US orders ship from Pittsburgh, PA. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. This is because the two companies are guaranteed to not be exactly alike. Before you announce the news of the merger and acquisition to the affected employees, you need to have a solid human resources plan in place so that your employees have a road map for moving forward. Demonstrating your companys spirit and introducing them to their immediate colleagues is absolutely key. Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. 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). 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. Writing and sending an upbeat welcome letter to a new employee is an important step in creating an effective onboarding process. It will make a new hire feel at home on the first day and more connected to their surroundings. 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. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. Exceptional organizations are led by a purpose. Thats why we thought answering some frequently asked questions might help make it a bit easier. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. Lets see the upcoming new hire welcome letter. 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. HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and delivering an offer letter. Wrong! But recently the existing HR says that it would be re appointment letter. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Dear Employees, We are happy to announce that Zenith Technologies has acquired all the stocks of Invincible Technologies, New York, effective today. We'll have this schedule finalized when you arrive on Tuesday. Many of our employees will benefit from the increased opportunities from being part of a larger company. Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. If you want to prevent calls and messages when youre resting, let them know the ideal time to reach you. Were glad youre on board for this promising new future. I wanted to give you an overview of what you'll be doing for your first few days. Who will manage employee questions, and how? Note: This isn't the place to discuss . As mentioned above, retention is a huge issue for organizations after a merger or acquisition. On a general note, instead of using a lot of I and We, try You.. 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. There is usually a brief period of silence after an acquisition. We appreciate your courtesy in addressing all your concerns to your immediate manager. Team, I'm excited to share that today Microsoft announced a deal to acquire LinkedIn. Once again, were all delighted to have you here. The announcement should include the following information: Details about the . A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. Goals, impacts, and new objectives of this transaction. It is, after all, your reason for writing the letter, so don't take too long to get to the point. The only visible change evident immediately will be. This template has a casual feeling to it. Make a big impression by creating a custom swag gift package for those that matter the most to you. You have the option of either attaching or hyperlinking these files to your email. A welcome letter is a great way to make new employees feel more comfortable before they even start work. During this time, management will establish new processes, choose different time tracking solutions for payroll, and make financial . 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. 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. When you're writing this announcement, avoid the corporate jargon. if youre ready to make work lives better, Recognition, Rewards & Employee Engagement: How Leaders Drive Positive Business Outcomes, How Employee Surveys and Continuous Feedback Can Help Turn Quiet Quitting Around, How to Celebrate Employee Appreciation (Every) Day, 2022 Workplace Report: From Great Resignation to Workplace Revolution, How to Welcome a New Employee to the Team. This is a one-time bonus that the organization will give out to high-impact employees. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. There are several ways to do this. You most likely have a distinct culture, employee etiquette, and so on. 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. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. Will it allow your organization to expand into a new market? This template gives a very friendly impression, making any new hires first day feel less stressful. City, State Zip. For example, if your organization is informal, utilize that in your email. 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. We also expect all benefits to remain as they now are. Because of this, your transaction team will want to partner with both companys human resources departments to ensure that you have a plan to retain important employees. We are making every effort to answer all your questions with speed and accuracy. Introduce the new CEO and leadership team. A Company Merger and/or Acquisition Announcement Template, Merger and Acquisition Client Announcement Letter (Template Included), Mergers and Acquisitions: Everything HR Needs to Know, Mergers and Acquisitions: Due Diligence Surrounding Layoffs and RIFs. Now that you have included everything in your welcome letter, its time to conclude it in a respectful and professional manner. [ Register | Login ] Delivered by? HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and . 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. Gottschalk outlines the ideal time to tell your . 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. 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. Your organization is merging or acquiring for a reason, right? As a result of this reserve, we can become more cost competitive and continue to bring innovative products to our customers. Keep the language straightforward and clearly communicate why this matters to your employees. Announce the merger, acquisition, or restructuring up front. Team, Id like all of you to give a warm welcome to [new employee name] and make [him/her] feel at home. Engaging the managers of the acquired company is also a key part of the process. 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. 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. Until this agreement is final, there will be no organizational changes within our company. Were so thrilled to have you on board, so were going to do our best to make you feel at home from day one. Closing Letters to All Impacted Stakeholders: This should happen after signing the deal and will be sent out to customers, vendors, partners, suppliers, etc. Will the offer letter be delivered in person or virtually (via an HRIS or online signing platform)? Register 2 months in advance and save $1,000. 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. Should you have any questions, Im here to help! Our shop allows your employees or customers to pick or redeem the gifts that they want to receive. Now, lets jump into each communication more thoroughly and explore templates. Company Values & Leadership. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! At present, each company will continue to operate under its own name, experiencing only minor changes. 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. During transactions, employees are looking for assurance and clarity, especially regarding their role, compensation, and benefits. 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]. As a CEO or manager, your letter should offer a warm welcome to the company and offer a few high-level details: Note: This isnt the place to discuss dress code, benefits, or first steps lethuman resourcesand theirhiring managerhandle these. I have been learning about LinkedIn [] Again, congratulations on thenew job. Social login not available on Microsoft Edge browser at this time. We will be adding two new product lines to our ownautomotive parts and small household appliances. ), 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. This acquisition will, of course, dictate significant restructuring of our marketing division. US:+1 214 239 9605 If you have any questions whatsoever, dont hesitate to contact me or any of your fellow team members. Whether theyre scheduling []. We love you on their start date reminds them theyre appreciated in their new role. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. Dallas, Texas 75206 It will help align all of your employees in both entities under a common goal. We look forward to your help with our operational plans for growth. 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. Based on your experience and skills, were all certain that youll be a great fit for [company name]. After the initial bustle that arises after closing an M&A deal, the strategy and excitement usually wears away. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). We'll expect you at 9 a.m. FYI, the dress code here is business casual. Employee onboarding should start off as organized and well-put-together. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). I-9 FORM: In preparation for your first day you need to electronically complete the Federal I-9 form in our HireRight I-9 system. Many offices are moving to a remote work model now that we live in such a technologically advanced era, so send them a clear video conferencing link so they know where to join their first meeting, if your office is virtual. As we agreed, your first day on the new job is Tuesday, (DATE). This could be a PDF, or a link to an intranet website page. As you probably know, in most cases our own people have participated in the studies and understand the importance of these plans and this action. 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. 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. So, as stated above, not all communications plans will be the same. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. Times of change are more successful when people have a leader to follow. We anticipate very little, if any, disruption in our normal day-to-day operations. Make sure you have your legal counsel review the announcement! Tango together; Be 1000% you. We're excited to add another person to our growing team. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Dear (New Employee Name): I'd like to welcome you to (Name of Company). 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]. 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. 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. clientsolutions@mergerintegration.com. All of us have an exciting future around the corner. First, the date and hour of the employees first shift should always be included in the welcome email. 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 look forward to having you come on board. 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. When should I tell my entire workforce? 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.
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