Im confident you will come to share my enthusiasm for this decision. 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. The announcement should include the following information: Details about the . At [Company Name], these values guide everything we do: [Company Core Values]. 1. This is an important day for our organization and one that ensures we remain a highly competitive global company. 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. 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. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. Certain services may not be available to attest clients under the rules and regulations of public accounting. You'll also meet with several co-workers so you can get a feel for the overall work of the department. This acquisition is a game-changer for all of us. 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 can be done by simply listing the main idea or information to include in each paragraph. Gottschalk outlines the ideal time to tell your . I am so proud of the company we have built together. 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]. Effective October 1, we will begin to put into effect a restructuring plan that will help us eliminate duplication of efforts in our field operations while preserving the autonomy of individual regions. 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. 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. So if youre ready to make work lives better, schedule a demo today. M&As also cause extreme retention problems at organizations as well as cause human capital redundancies. For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. 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. Every new employee receives a welcome letter and a list of contacts for ongoing support. ), 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. Welcome to company ABC! A welcome letter to a new employee is a nice way to say welcome to our team. 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. 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. Include new employee welcome letterin youronboardingprocess. Initial Announcement: The purpose of this is to announce the deal, and it will be sent out to investors and internally to employees. 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. Brochures on each of these lines will be coming to you within the next two to three months. Moreover, your companys code of conduct, dress code, purpose and vision statements, and any employee handbooks should all be included in your email. 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. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. Sep 2, 2013, 10:18 PM PDT. She is experienced in all aspects of the job you need to learn. 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. Lets hit the ground running! 1648 Grey Owl Circle . He'll help you get to know the company and your new department. Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. Dear (New Employee Name): I'd like to welcome you to (Name of Company). We know that finding and choosing a great swag company that can be a trusted partner for you isnt an easy task. Share the company's values and mission statement. Note: This isn't the place to discuss . 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. This will make new hires feel that they connect with you and trust you. We couldn't be happier to welcome you to the team. We also expect all benefits to remain as they now are. This deal brings together the world's leading professional cloud with the world's leading professional network. The many rumors you have heard do have some basis in factwe are pleased to announce that. We anticipate no changes in coverage or costs as a result of this agreement. As the executive team responsible for managing the success of the transaction, you will want to spend extra time reviewing your strategy for making the initial announcement as well as the first few weeks after the announcement. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. 2. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. 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. Welcome, visitor! Once again, were all delighted to have you here. We look forward to having you come on board. Please be patient with us in getting the right answer to you. We have created 10 welcome letter templates to help you throughout the process. Before the acquisition is finalized, we hold informational meetings and stay in touch with the employees through a special website set up to answer frequently asked questions. We'll have this schedule finalized when you arrive on Tuesday. You can use these samples as models to write a welcome letter. DTTL (also referred to as "Deloitte Global") does not provide services to clients. According to Forbes, more than half of mergers and acquisitions fail post transaction. Exceptional organizations are led by a purpose. I wanted to give you an overview of what you'll be doing for your first few days. Your organization is merging or acquiring for a reason, right? In the end, []. Team, I'm excited to share that today Microsoft announced a deal to acquire LinkedIn. Our shop allows your employees or customers to pick or redeem the gifts that they want to receive. We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. 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. clientsolutions@mergerintegration.com. Make sure you have your legal counsel review the announcement! Theres a bright future ahead. Keep the employee love coming. Please see www.deloitte.com/about to learn more about our global network of member firms. Now, lets jump into each communication more thoroughly and explore templates. 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. 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. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. If the deal is finalized, provide the date at which is was finalized. 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. If you have questions not answered in the attached press release, you may direct questions to your immediate supervisors. Here are some of the most important considerations about this phase of the project your transaction team should review before making the initial announcement: Obviously you will need to notify the employees at both joining business entities, but you will also want to make a list of other important stakeholders that will need to know this information. Larson & Co, 123 Lane, Area 456, City, State, Pin Code] Dear [NAME, ex. Register 2 months in advance and save $1,000. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. We offer flexible schedules for our employees and we can talk about your normal hours when you come in on Tuesday. This acquisition will, of course, dictate significant restructuring of our marketing division. 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. 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. As you becomepart of the team, Im excited about how theyll shape yourprofessional growthand experience, too. (And dont fear the blank page weve got a great example andwelcome lettertemplatefor you below.). Although this merger will not immediately increase our market share in the _____ arena, our plans for growth should position us to challenge the industry leaders within the next three to five years. HR Updates The more specific you can be about these, the better. This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. All of this is an amazing accomplishment. 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. Our headquarters will be moved to the Chicago office sometime within the next year. We also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. 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. 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 . Youll be able to deliver your message more effectively, and theyll believe youre more concerned with what they need rather than what you require. 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 medical benefits and your hospitalization coverage will remain in force through the end of the year. US Shipping from Pittsburg, PACanada Shipping from Toronto, ON. Lets move on to our 10 new employee welcome letter templates. I am pleased to have you working with us. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. Get a bulk order of your chosen items sent to one or two locations. As you can imagine, this decision to establish a restructuring reserve has been given thorough and deliberate consideration by the companys management. Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. Company Acquisition and Employees. "Welcome to our unique, collaborative, dynamic and energetic team! This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. UK:+44 203 936 2220 As we agreed, your first day on the new job is Tuesday, (DATE). DTTL and each of its member firms are legally separate and independent entities. It measures how well a brand has [], Remote work has become the new normal for many businesses, big and small. Key Takeaways. What process will employees follow to accept / decline their offer. Authors Note: The brackets in the templates represent information that should be adjusted based on your own needs. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. Make sure that you provide them with contact information for a human resources representative that can answer these questions. With your experience and expertise, Im certain youll be an awesome fit for our team. Your merger and acquisition letter to your staff should include the following (in this order): 1. New Employee Welcome Letter (Text Version) Date. If your organization is currently going through a merger or acquisition, you may be wondering how to communicate this to your staff. If it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. I'd like to welcome you to (Name of Company). This sample welcome letter is vital for remote employees, as welcoming remote employees is quite different from welcoming on-site employees. Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your company. 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 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. Lets take a look at our next sample letter. I've been with this company for seven years . PRITCHETT, LP Company Merger Letter Format to Employees. Company that can be a trusted partner for you isnt an easy task much. 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