As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Please be patient with us in getting the right answer to you. 1648 Grey Owl Circle . The practice of welcoming a new employee to your organization should ideally begin after theyve approved the job offer but before their first day. We look forward to your help with our operational plans for growth. 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. At WorkTango, these values guide everything we do: Champion our passion. 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. Privacy Policy and I simply want to tell you how pleased I am about this merger. This could be a PDF, or a link to an intranet website page. Include new employee welcome letterin youronboardingprocess. 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. I trust that this letter finds you mutually excited about your new employment with (Name of Company). As you have questions about job openings, benefits, or insurance coverage, please direct them through the normal channels. Team, I'm excited to share that today Microsoft announced a deal to acquire LinkedIn. Announce the merger. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. We couldn't be happier to welcome you to the team. hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '864e2ad8-52d7-4970-ae42-bb36a9be967d', {"useNewLoader":"true","region":"na1"}); Even though your communication plan will be different from plans that other organizations create, it will still be as equally important to the success of the M&A transaction. To our newest employees, let me be the first to welcome you to Acquirer. Contact information for representatives at your organization. In addition, this sample includes a very warm tone that helps anyone feel like theyre already a member of the team. The welcome packet could include: Sometimes welcome packets will also include an employee agreement or handbook for employees to sign. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. Again, congratulations on thenew job. Plus, well make sure to send you a work-at-home kit to make you more productive than ever. See how we connect, collaborate, and drive impact across various locations. 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. 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. 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. (Bonus: Check out our 10 tips for welcoming a new remote employee on their start date.). We will keep you informed of all the events and plans as we learn of them ourselves. Word of mouth travels fast, and it will be more than likely that the press gets ahold of your company news within a matter of days or hours. 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. DTTL and each of its member firms are legally separate and independent entities. Im sure the question in most minds is that of layoffs. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. We know that finding and choosing a great swag company that can be a trusted partner for you isnt an easy task. Date. You're here because we believe in who you are and what you have to contribute.". 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. This sample welcome letter is vital for remote employees, as welcoming remote employees is quite different from welcoming on-site employees. Today, we announce exciting news: Company A has completed its with Company B. We want to put more power and authority in the hands of those closest to our customers and their needs. Social login not available on Microsoft Edge browser at this time. There should also be a copy of this for external use sent out to the press. Were happy to have you here at [company name]. Dallas, Texas 75206 To stay logged in, change your functional cookie settings. The more specific you can be about these, the better. What do they sell?). Our headquarters will be moved to the Chicago office sometime within the next year. This allows them to move onto the acquirers code of conduct, without delivering a formal offer letter. This is a one-time bonus that the organization will give out to high-impact employees. You can even show them images of how your staff relax or take a break, some facilities you have, etc. Your meeting agenda for the rest of your first day will involve planning your orientation with me and setting some initial work goals so that you feel immediately productive in your new role. Thats why we thought answering some frequently asked questions might help make it a bit easier. Hence, sharing your key values in your welcome letter is essential. Each of us will play a role to ensure your successful integration into the department. Such as your marketing team, legal team, shipping team, etc. If you need a hand, have an unanswered question, please fill out our contact form and our friendly sales staff will get back to you ASAP! Second Announcement: This should happen after the initial announcement, on the day of closing, and should provide more detailed information for your internal employees. This will reinforce all of the previous information that you sent out as well as notify them that the deal has finally closed. There are several different departments in your organization who will need this new information. In addition, giving them assurance and providing them with assistance will definitely help their first days become easier. 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. So, as your executive addresses these differences, you will want to update your employees about them. We have learned today an agreement has been reached for Farmington investors to acquire the stock of Bledson International. Sub: Letter to Welcome New Boss. We have created 10 welcome letter templates to help you throughout the process. Register 2 months in advance and save $1,000. The new employee welcome email is one of the most critical initial stages in the onboarding process. Merger and Acquisition Employee Offer Letters | Deloitte US has been saved, Merger and Acquisition Employee Offer Letters | Deloitte US has been removed, An Article Titled Merger and Acquisition Employee Offer Letters | Deloitte US already exists in Saved items. Were glad youre on board for this promising new future. Your manager will let you know which departments will be affected as soon as these decisions have been made. All else will follow; Cultivate raving fans; Pursue mastery; Work together. 0 Comments. A welcome letter to a new employee is a nice way to say welcome to our team. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. 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. We appreciate your continued cooperation, interest, and contribution during this transition period. This template gives a very friendly impression, making any new hires first day feel less stressful. This could be your vendors, clients, partners, or suppliers. 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. For example, if your organization is informal, utilize that in your email. We are excited that you have accepted our job offer and agreed upon your start date. 1. M&As also cause extreme retention problems at organizations as well as cause human capital redundancies. Who will the offer letter be written from? 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. Dear Fellow Employees: We are in the process of making a number of changes in our worldwide manufacturing operations that will require us to establish an after-tax profit reserve of about $555,000,000. Register 2 months in advance and save $1,000. I am so proud of the company we have built together. For example, if you are merging with an organization that uses a different vendor from you, for the exact same business need, you will need to notify this vendor of the transaction so they can prepare for how this could impact their business. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. Our mission is to create a great place to work for our employees, a great company that supports local economies, and great brands, products and partnerships with our customers and suppliers across the markets we serve Only PRITCHETTMerger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. 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. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. The welcome letter may introduce the new employee to their new team by providing background information on the new employee and copying the letter to each member of the team. All Rights Reserved. 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. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. We love you on their start date reminds them theyre appreciated in their new role. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. Wrong! See Terms of Use for more information. All the events and plans as we learn of them ourselves welcome letter to employees after acquisition separate and independent entities through the normal.. A role to ensure your successful integration into the department email is one the! 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