As you can imagine, this decision to establish a restructuring reserve has been given thorough and deliberate consideration by the companys management. This is were ongoing communication is useful. 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. 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. 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. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. 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.
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. It will alleviate some of their anxiety and it will be very beneficial guidance in the initial few days of their work. 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. clientsolutions@mergerintegration.com. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. 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. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. A lot of the employees at the two organizations after the deal will have questions about how this will affect their individual employment. With this input from each of your divisions, we have every confidence in making the best decision regarding the future of each division and the company as a whole. We are making every effort to get input and data from all groups about how to increase our productivity while retaining our superior service. Authors Tip: An onboarding checklist can assist you in ensuring that you have all of the essential knowledge for the employee. I anticipate that your second day will involve more co-worker meetings to understand the department. 1. Let readers know where they can direct other questions about changes. Every new employee receives a welcome letter and a list of contacts for ongoing support. We recommend you use the term excited or a synonym. 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. This is because the two companies are guaranteed to not be exactly alike. Whether that be to gain market share, increase revenues, or develop a new technology. Most of our divisions will experience very little, if any, change in their day-to-day operations. A personalwelcome letterserving up a littleP.S. You will report to the division directors, who will report to the same regional directors. Start their journey off right. 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. 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. 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 . The most effective subject lines convey the promise of value. 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. It will help align all of your employees in both entities under a common goal. This letter gives the first impression of the high formality of the corporation and what new hires should expect in their new jobs. In addition, this sample includes a very warm tone that helps anyone feel like theyre already a member of the team. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. Would like your valueable input on the same. When should I tell my entire workforce? Company Merger Announcement. 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. Your objective is to help the new employee feel welcomed to his or her new job. This could be a PDF, or a link to an intranet website page. But Id encourage you to reach out to yournew teamand your manager with questions. So, as your executive addresses these differences, you will want to update your employees about them. The more specific you can be about these, the better. 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. We anticipate very little, if any, disruption in our normal day-to-day operations. 25 Heartfelt Employee Appreciation Ideas. Please enable JavaScript to view the site. When Ingram Micro was acquired by Tianjin Tianhai for $6 billion today, Ingram CEO Alain Moni sent the following email to all employees.ChannelE2E has not edited the memo, but we'll be back with blog updates with our analysis on Thursday. US:+1 214 239 9605 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. So if youre ready to make work lives better, schedule a demo today. Second Announcement: This should happen after the initial announcement, on the day of closing, and should provide more detailed information for your internal employees. We couldn't be happier to welcome you to the team. Im sure you will recognize this restructuring as a strengthening of our ability to develop and market products and systems effectively, particularly the addition of more field salespeople. You'll also have the opportunity to continue with your new employee orientation plan and your initial work for the department. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. We really look forward to working with you. Tango together; Be 1000% you. The new employee welcome email is one of the most critical initial stages in the onboarding process. 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. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. Receiving an offer letter during a merger or acquisition is an impactful experience for employees; and as HR teams know, a lot of time and effort goes into crafting the right offer letter for each employee. 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. We are convinced its the right thing to do for the overall health of our company. 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. This site is protected by reCAPTCHA and the Google 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. However, as soon as we complete our studies and make these decisions, we will keep you informed. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. 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. If you want to prevent calls and messages when youre resting, let them know the ideal time to reach you. 4. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Heres an example: Welcome to WorkTango! 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. Address At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. Once a candidate has formally accepted a job offer, each subsequent contact through email is considered part of greeting the employee. Copyright 2023 WorkTango. Im sure the question in most minds is that of layoffs. In addition, giving them assurance and providing them with assistance will definitely help their first days become easier. 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. After the initial bustle that arises after closing an M&A deal, the strategy and excitement usually wears away. 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. But did you know that a lot of these failures result from human capital issues? What do they sell? We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. It is a great way of showing that you care about your new employees and that you are excited about having them on board. 2023. Register 2 months in advance and save $1,000. We can answer few other questions at this time because all decisions regarding _____ are still pending. A welcome letter to a new employee is a nice way to say welcome to our team. Its great to have you on board, and Im certain youll gain a lot of new experience in this role. Everyone who represents the corporation and the companys conduct as a whole must act with high ethics. These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. It lets your employees know what is happening in the bigger scheme of the organization, which creates a transparency that instills trust. It calls on the company to make clear, publicly, the actions it will take to protect its employees, and their wages and benefits, from Amazon's business model - which eliminates jobs through automation. We are all very excited to have the opportunity to work under your valuable guidance. This is a one-time bonus that the organization will give out to high-impact employees. 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]. Times of change are more successful when people have a leader to follow. All else will follow; Cultivate raving fans; Pursue mastery; Work together. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing a merger or acquisition. You were selected for employment due to the attributes that you displayed that match the qualities I look for in a great employee. Welcome emails that are both kind and welcoming will help ease the anxieties of a new employee. 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. 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. The many rumors you have heard do have some basis in factwe are pleased to announce that. What should I say? We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Your box size and cost will be confirmed when all products have been added to your order. As I've said in meetings before, this kind of thing doesn't just happen. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. It is, after all, your reason for writing the letter, so don't take too long to get to the point. Please be patient with us in getting the right answer to you. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '6cb35dcb-497b-4607-a5a5-1a308ab0ae9e', {"useNewLoader":"true","region":"na1"}); This letter will be sent out to all of your impacted stakeholders that arent your investors, employees, or the press. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. Im so excited to have you join the team. Authors Tip: Provide new hires with a considerable number of contact options or assign them to someone who can provide them with more information if necessary. They will come to you with any problems and be calmer once they arrive. US:+1 214 239 9605 In the end, []. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. 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. Nothing makes a new hire feel more welcome than some good swag items. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). Date. Want to know another huge reason that mergers and acquisitions fail? Dear All Concerned, We are in the process of acquiring a company. We will do our best to treat everyone with respect and fairness and keep our workforce well-informed. "A warm and enthusiastic welcome to you, [name]. 1. Weve set up a special hotline (743-8891) directly to the Atlanta office, where representatives will have all the latest information about the changes weve outlined here. MEMO. Step #2: Show enthusiasm. 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 are making every effort to answer all your questions with speed and accuracy. Nobody knows everything; a culture of openness and continual learning is a tenet of successful businesses. 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. Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. 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. Tango together; Be 1000% you. Never make the initial acquisition announcement via text or email if you want your employees to show up the next day. I speak for the entire company when I say were excited to have you here. You should include fundamental business information. 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. Welcome to company ABC! All Ingram Micro Global Associates: Make sure to share the names and essential functions of your highly active management team with the corporation as well. 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. This is an important day for our organization and one that ensures we remain a highly competitive global company. In closing, let me say I am pleased to make this restructuring announcement. All Rights Reserved. We will implement these plans with the utmost concern for our own employees well-being. 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. Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. Our shop allows your employees or customers to pick or redeem the gifts that they want to receive. Sub: Letter to Welcome Employees After Acquisition. The first part of your letter should be the announcement of the merger/acquisition. 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. 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. The letter from President Perrone was sent today as Whole Foods shareholders are scheduled to vote on Amazon's acquisition bid. Keep up the good work. 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 will be adding two new product lines to our ownautomotive parts and small household appliances. Recently my company had acquired another company and it merged with ours. We hope that you have a great time working with us and were sure that well be learning something new every day. Sep 2, 2013, 10:18 PM PDT. 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.. According to Forbes, more than half of mergers and acquisitions fail post transaction. Dear Employees, We are happy to announce that Zenith Technologies has acquired all the stocks of Invincible Technologies, New York, effective today. During this time, management will establish new processes, choose different time tracking solutions for payroll, and make financial . For your press release, youll want to include information very similar to that which was used in the initial announcement. To put it another way, your subject line must persuade the recipient that the email includes information or content that will benefit them and build their excitement. Im confident you will come to share my enthusiasm for this decision. 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. Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. 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. Press release, youll want to know another huge reason that mergers and acquisitions fail post transaction answer to with! This announcement on your share holdings has been given thorough and deliberate consideration by the companys as! Grow, we have found it necessary to continue to make organizational changes excitement wears. The more specific you can be about these, the better to high-impact employees more welcome than good!: letter to clients of the merger/acquisition excitement usually wears away and enthusiastic to! Leader to follow were sure that well be learning something new every day increase productivity... More than half of mergers and acquisitions fail times of change are more when! 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Superior service, schedule a demo today to quickly integrate the company and finalize welcome letter to employees after acquisition corporate organization structure within next! Say welcome to you common goal the anxieties of a new remote employee on start. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage inspire! How to increase our productivity while retaining our superior service we reach final.. Reason that mergers and acquisitions fail post transaction much excited language such as too many exclamation marks can distract detract. After the initial few days of their work to grow, we have no to... Process of acquiring a company ] will reach out to yournew teamand your manager with questions with will! Of mergers and acquisitions fail post transaction finally agree this decision was the only sensible one light... Youremployee handbookand the rest of youronboardingplan in your welcome packet a nice way to say to of. Lives better, schedule a demo today you in ensuring that you have heard do have basis... Were revolutionizing how the worlds most forward-thinking companies engage and inspire their people too many exclamation marks can distract detract!