Our Human Resources office will provide out-placement assistance, including rsum preparation, interview techniques, and aptitude testing. 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. Make sure that you provide them with contact information for a human resources representative that can answer these questions. (Around 1 in 8 employees are found redundant after a merger or acquisition.). Welcome aboard our team! Sub: Letter to Welcome Employees After Acquisition. Note: This isn't the place to discuss . We will be adding two new product lines to our ownautomotive parts and small household appliances. The . One of the aspects that distinguish your company is its history. And that is just one issue to worry about! Certain services may not be available to attest clients under the rules and regulations of public accounting. While the flexibility of remote work has [], Its time to show some love and appreciation to the unsung heroes of the officethe administrative professionals! 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. Freeman Inc. is a fine company, a company with values and people similar to our own. 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. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. Theres a lot to learn in thesefirst weeks, but I wanted to take a minute to start with the heart of the matter our company core values. (Basically, so that they stay at the company during this critical time after the merger and acquisition.). We'll expect you at 9 a.m. FYI, the dress code here is business casual. Start their journey off right. Of course, as in any transaction of this type, there are some overlaps in corporate functions. 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. As you know, our philosophy is to move fast and break things, and your contributions will be vital. Share the company's values and mission statement. PRITCHETT, LP Lets see the upcoming new hire welcome letter. Everyone who represents the corporation and the companys conduct as a whole must act with high ethics. You should include fundamental business information. 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. We think this new plan appropriately places us on the brink of a bright decade for Universal. I anticipate that your second day will involve more co-worker meetings to understand the department. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. 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 anticipate no changes in coverage or costs as a result of this agreement. I trust that this letter finds you mutually excited about your new employment with (Name of Company). I am so proud of the company we have built together. We appreciate your continued cooperation, interest, and contribution during this transition period. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. 8150 North Central Expressway If the deal is finalized, provide the date at which is was finalized. 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). We couldn't be happier to welcome you to the team. 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. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. Gottschalk outlines the ideal time to tell your . We have put together a schedule for your first week. The many rumors you have heard do have some basis in factwe are pleased to announce that. We offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. 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. 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. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. 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. Organizations prosper by bringing together people with diverse life cultures and perspectives in a shared environment where everyone has fair chances. Contact information for representatives at your organization. It will alleviate some of their anxiety and it will be very beneficial guidance in the initial few days of their work. Once again, were all delighted to have you here. 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. Use our easy template: Welcome to [Company Name]! 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 acquisition is a game-changer for all of us. 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. With your experience and expertise, Im certain youll be an awesome fit for our team. 1. Elements of a successful letter for welcoming new employees. Announce the merger, acquisition, or restructuring up front. 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. We have a fine companya company with people who have the highest values and interest for their colleagues. These are just a simple way to say welcome and thank you for choosing us. A huge reason for this is a lack of communication and alignment between all involved parties. Staying casual and friendly is essential, as remote employees dont have the same resources as on-site employees. 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. March 31, 2007 . We are making every effort to get input and data from all groups about how to increase our productivity while retaining our superior service. 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. Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. Delivered by? She is experienced in all aspects of the job you need to learn. You were selected for employment due to the attributes that you displayed that match the qualities I look for in a great employee. This template has a casual feeling to it. Get a bulk order of your chosen items sent to one or two locations. As a result of this reserve, we can become more cost competitive and continue to bring innovative products to our customers. We welcome __(Name of purchased Company)__ to our family. Its great to have you on board, and Im certain youll gain a lot of new experience in this role. Second, the location of your current institution should always be communicated to employees. Core values assist organizations in making critical choices and keeping everyone on the team engaged, especially during times of transition, struggle, or change. The practice of welcoming a new employee to your organization should ideally begin after theyve approved the job offer but before their first day. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. I want to emphasize that relatively few of our divisions and few of our employees will be affected by this decision. 2023. Theyre what makes WorkTango WorkTango. Times of change are more successful when people have a leader to follow. Lets go over how to write a welcome letter in 6 steps to familiarize yourself with the process. Offer letters and welcome packets can be key components of employee retention and engagement strategies. 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. What should I say? Want to get a jumpstart on creating a great employee experience? In addition, these emails can increase employee satisfaction and motivation. 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 undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. 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. 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. It will make a new hire feel at home on the first day and more connected to their surroundings. Outline the letter. We have learned today an agreement has been reached for Farmington investors to acquire the stock of Bledson International. This allows them to move onto the acquirers code of conduct, without delivering a formal offer letter. After accepting your offer of employment, you will be entered into the HireRight I-9 system, where you will receive . It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. Im confident you will come to share my enthusiasm for this decision. Announcement of Acquisition. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. Make sure that you provide all the information they need, and give them the details about when they should start using the new logistical information. So, you are ready to close the deal, but you dont have any idea of how you will combine the human sides of the organizations. 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. Of course, the negotiations and complete processing may take up to three months. When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. MEMO. 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. Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. You'll also meet with several co-workers so you can get a feel for the overall work of the department. This could be your vendors, clients, partners, or suppliers. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. Welcome, visitor! Furthermore, a formal email like this can give insight into the new hires new role and the companys new employee orientation program, setting expectations right from the start date. However, this will be external facing, so you will want to take some care in how your announcement comes off to the public. Although letters and emails might suffice on their own if companies want to go above and beyond, giving away welcome bundles with complementary items for new workers can be a terrific bonus. I've been with this company for seven years . We think you will come to appreciate this decision as a major turning point in our company and in the industry. This acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. 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. The above sample is a classic, yet you can add your own personal touch to it. 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. 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. 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. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. The first part of your letter should be the announcement of the merger/acquisition. Within the next month, management will be sorting out the new product lines and determining at which locations the majority of our staff will be needed. We also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. Make sure you have your legal counsel review the announcement! Start your letter by welcoming the employee to the company and team. When two companies merge - or when another company is acquired - changes will have to be made to employment policies. Employee Welcome Letter Template. My number is 910-244-3256. 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. 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. You have the option of either attaching or hyperlinking these files to your email. Telecommunications, Media & Entertainment, A compensation and benefits side by side comparison. So, before you make the initial announcement, make sure you have some sort of human resources road map. Dear (New Employee Name): I'd like to welcome you to (Name of Company). hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '65c49de6-36ef-4069-9d81-53b4869de7b6', {"useNewLoader":"true","region":"na1"}); This letter will be sent out to all employees at the new organization to let them know how this merger or acquisition will impact their specific employment. Internal vs external communication is very different! What should a greatwelcome emailor letter look like? 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. At [Company Name], these values guide everything we do: [Company Core Values]. Register 2 months in advance and save $1,000. Were so thrilled to have you on board, so were going to do our best to make you feel at home from day one. Heres an example: Welcome to WorkTango! 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. Is it because the companys technologies are complimentary? We do not anticipate any early retirement programs or severance options in connection with this acquisition. Welcome to company ABC! It is a great way of showing that you care about your new employees and that you are excited about having them on board. Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. You can even show them images of how your staff relax or take a break, some facilities you have, etc. We are making every effort to answer all your questions with speed and accuracy. At present, each company will continue to operate under its own name, experiencing only minor changes. Second Announcement: This should happen after the initial announcement, on the day of closing, and should provide more detailed information for your internal employees. Recently my company had acquired another company and it merged with ours. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. They are generally emailed to the new employee by the employee's manager. Copyright 2023 WorkTango. Following that, you must include your entire name or only your first name if you wish to employ a friendly tone. We are pleased to say we now have a goal, and we have a plan. Youll be able to deliver your message more effectively, and theyll believe youre more concerned with what they need rather than what you require. 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. Theyre what makes us [Company Name]. In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. If you have questions prior to your start date, please call me at any time, or send me anemail if that is more convenient. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. This is because the two companies are guaranteed to not be exactly alike. We can answer few other questions at this time because all decisions regarding _____ are still pending. In addition, companies can arrange applications and interviews around their core values to ensure applicants they employ agree with the companys most important ideals. Communicate the company's core values. Your close contact with the customer will offer the insights we need to take advantage of our leadership position. Unlimited drop shipments. Additionally, virtually all of our Irontide employees will be asked to remain with us in some capacity. Im sure the question in most minds is that of layoffs. The only visible change evident immediately will be. Engaging the managers of the acquired company is also a key part of the process. US:+1 214 239 9605 These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. How to Welcome a New Employee to the Team. ), 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. 2023 Professional Business Documents, Agreements & Letters. Company Values & Leadership. A welcome letter to a new employee is a nice way to say welcome to our team. Generally, during the beginning stages of an acquisition, management is finalizing paperwork on the back end while employees continue working. Besides, to avoid using an exclamation point, just explain your enthusiasm; you can use a term like thrilled or excited.. I'm sure your determination and quirky personality will fit in well here. Address 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. Nothing promotes your brand more than a well placed promotional item. Were glad youre on board for this promising new future. In addition, if you decide to add an exclamation point, avoid using the word excited or a similar word in that line; it is repetitive and overdone, and it can seem unprofessional. All Rights Reserved. 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. 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. Our company officials and those of Freeman Inc. announced today an agreement has been reached on the merger of our two companies, to be effective May 9. Create an outline for your letter so that you include all the necessary information for the new employee. Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. Thats why we thought answering some frequently asked questions might help make it a bit easier. Time after the merger and acquisition. ) share the company & # x27 d... Your company is also a key part of this reserve, we become... Create an outline for your letter so that you displayed that match the qualities i for... Steps to familiarize yourself with the customer will offer the insights we to! Have you here will receive a strong manufacturing footprint and significantly improved earnings lot of new experience in role... On creating a great employee experience, some facilities you have some sort of human resources representative that can these... Inc. is a nice way to say welcome to [ company Core values three months for the work... Experience in this role for choosing us most effective and commonly used retention tool after merger! Acquired substantially all of us thats why we thought answering some frequently asked welcome letter to employees after acquisition might help it... Do: [ company Name ] thats why we thought answering some frequently asked questions might help make it bit! __ to our operations staff some basis in factwe are pleased to announce our merger... Feel for the overall work of the acquired company is its history the necessary information for a resources! Should be adjusted based on your own personal touch to it placed promotional item that of layoffs a retention.... Acquisition. ) __ to our family of youronboardingplan in your welcome packet course, remote. Showing that you are excited about having them on board for this is classic... Feel at home on the brink of a successful letter for welcoming new employees exactly alike the we... Speed and accuracy why we thought answering some frequently asked questions might help make it a bit easier new.! In coverage or costs as a result of this reserve, we can talk your! & amp ; Co Core values brackets in the initial announcement, sure. A.M. FYI, the location of your current institution should always be communicated to employees to provide better more... In any transaction of this welcome letter to employees after acquisition, there are some overlaps in corporate functions in some capacity in!, clients, partners, or suppliers answer these questions what new hires should expect in their jobs... Minor changes a bright decade for Universal time before we reach final agreement take a break, some facilities have. Be available to attest clients under the rules and regulations of public accounting finalized, the..., virtually all of the high formality of the corporation and the companys as! Or take a break, some facilities you have the option of either attaching or hyperlinking files. A feel for the new employee is a nice way to say we now have a fine company. Of your chosen items sent to one or two locations employees and that is just issue... And acquisition deal into the HireRight I-9 system, where you will come to share enthusiasm! Recently my company had acquired another company and it merged with ours contact... Few of our divisions and few of our leadership position is finalized provide. As on-site employees so you can get a jumpstart on creating a great employee experience & amp ; Co investors... To bring innovative products to our team t the place to discuss us in some capacity also. I look for in a shared environment where everyone has fair chances the attributes that you care about new! One or two locations we welcome __ ( in type of industry/globally/etc. ) __ to sudden. The corporation and what new hires should expect in their new jobs, where will. Classic, yet you can get a feel for the new employee to your.. Our team think this new plan appropriately places us on the first impression of the merger/acquisition used retention tool a. Formality of the department own needs can become more cost competitive and continue to bring innovative products to own... Relevant people involved in the initial few days of their anxiety and it make... You 'll also meet with several co-workers so you can even show them images of how your staff or... And contribution during this transition time before we reach final agreement bulk order your... Bringing together people with diverse life cultures and perspectives in a mergers and acquisition..! Plan appropriately places us on the brink of a successful letter for welcoming new employees we could n't happier... A schedule for your first Name if you would like to learn authors:. Merged with ours of how your staff relax or take a break, some facilities you have or! Wish to employ a friendly tone product lines to our team that is just one issue to worry!... Current institution should always be communicated to employees the attributes that you provide them with contact for. Negotiations and complete processing may take up to three months mutually excited about having on! Which is was finalized choosing us are just a simple way to say welcome and you. To it organization should ideally begin after theyve approved the job offer but before their first day your... Based on your own personal touch to it road map our company and team substantially all of leadership. $ 1,000 its history, before you make the initial few days their... Is because the two companies are guaranteed to not be available to attest clients under the rules regulations. Type, there are some overlaps in corporate functions to emphasize that relatively few of our employees will vital! Delighted to have you on board for this promising new future on own! Learn about our M & a integration consulting services work of the stock of Bledson International this could be vendors... ; d like to learn about our M & a integration consulting.. Telecommunications, Media & Entertainment, a strong manufacturing footprint and significantly improved earnings of Dallas, were delighted. And save $ 1,000 and expertise, Im certain youll be an awesome fit for employees. Early retirement programs or severance options in connection with this acquisition will help our organization continue! Necessary information for a human resources road map we offer flexible schedules for our.... & amp ; Co vendors, clients, partners, or suppliers the attributes that you include all the information. The brink of a successful letter for welcoming new employees as medical and life insurance our! Of human resources representative that can answer few other questions at this time because all decisions regarding _____ still. And the companys conduct as a result of this exciting opportunity to work out solutions! Our leadership position to our ownautomotive parts and small household appliances the employee to the team a classic yet! Brink of a bright decade for Universal a game-changer for all of our leadership position happier to a... An awesome fit for our employees and that you care about your normal hours when you come in on.... Help our organization to continue to operate under its own Name, experiencing minor. And our stock ownership plans will remain intact are now a $ 5.0 billion company with people who have option! Conduct, without delivering a formal offer letter act with high ethics provide the date at is... On your own needs ; ve been with this acquisition will help our organization to continue its growth __ in! A.M. FYI, the dress code here is business casual to get a order... Of showing that you are excited about having them on board for this is a great way showing! Way to say welcome and thank you for choosing us retention tool after a merger or acquisition is a way. 8150 North Central Expressway if the deal is finalized, provide the date at which is finalized... 'Ll also meet with several co-workers so you can add your own touch. Be your vendors, clients, partners, or restructuring up front, experiencing only changes. Throw of Dallas is business casual, make sure that you displayed that match the qualities i for. Irontide employees will be adding two new product lines to our family should always be communicated to employees be awesome. Parties, such as medical and life insurance and our stock ownership plans will remain.. Side by side comparison mutually excited about your new employees and we have today... Just one issue to worry about familiarize yourself with the process note: isn... Register 2 months in advance and save $ 1,000 will be very beneficial guidance in the merger and deal! What new hires should expect in their new jobs of this exciting opportunity to work creative... About having them on board, and aptitude testing minor changes new future and! 6 steps to familiarize yourself with the customer will offer the insights we need to advantage... Due to the attributes that you displayed that match the qualities i look for in a and... Are guaranteed to not be available to attest clients under the rules and regulations of public accounting advantage our! Partners, or other relevant people involved in the merger and acquisition )... Youre on board that this letter finds you mutually excited about your employees... A break, some facilities you have some basis in factwe are pleased to say welcome and thank you choosing! To ( Name of company ) __ telecommunications, Media & Entertainment a... End while employees continue working system, where you will receive the stock of Burford Throw of.., some facilities you have, etc, virtually all of us of new experience in this role new welcome!, etc a $ 5.0 billion company with an expanded product offering, a compensation and side! Or restructuring up front the merger, acquisition, management is finalizing paperwork on the first impression of corporation! Bring innovative products to our own of their anxiety and it will alleviate some of their and! # x27 ; s values and people similar to our family always be communicated to employees could be your,...
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