For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. The letters you send to clients announcing a merger or acquisition should reassure in order to retain. Each of us will play a role to ensure your successful integration into the department. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. We couldn't be happier to welcome you to the team. If you have questions prior to your start date, please call me at any time, or send me anemail if that is more convenient. Outline the letter. We also expect all benefits to remain as they now are. In addition, these emails can increase employee satisfaction and motivation. Delivering this key information early, but waiting to deliver an offer letter, gives acquiring companies time to thoughtfully harmonize compensation, benefits, and employment terms. DTTL and each of its member firms are legally separate and independent entities. Complex welcome letters often contain the new employee orientation schedule and the names and job titles of employees that the new employee will meet in the first few days. 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. Lets hit the ground running! Social login not available on Microsoft Edge browser at this time. Want to get a jumpstart on creating a great employee experience? You will also meet your new employee mentor, Paul Smith. Im so excited to have you join the team. We are convinced its the right thing to do for the overall health of our company. This can be done by simply listing the main idea or information to include in each paragraph. What do they sell? HR Updates We want to put more power and authority in the hands of those closest to our customers and their needs. There are several reasons for this, including lack of knowledge about valuation, lack of understanding about value drivers, and cultural misfits. Bob Travolta. 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. [DATE, ex. Welcome aboard our team! All Rights Reserved. I saw a CEO intervene with his company's insurance provider when one of his new employees was having trouble getting needed medical services following the . 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. Taking accountability for your acts is the most effective strategy to foster trust both internally and externally. Company Merger Letter Format to Employees. Im so excited to have you join the team. We are beginning this Capital H Series Human Capital DealMakers to highlight Deloittes point of view on topics covered during those conversations. Employee onboarding should start off as organized and well-put-together. Promise to provide other details as soon as they become available. We will be adding two new product lines to our ownautomotive parts and small household appliances. 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. 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. Champion our passion. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. 1. This acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. Whether theyre scheduling []. This acquisition is a game-changer for all of us. Please see www.deloitte.com/about to learn more about our global network of member firms. 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. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. When you announce your company merger or acquisition, there are several things to consider. For your press release, youll want to include information very similar to that which was used in the initial announcement. New Employee Welcome Letter (Text Version) Date. The announcement should include the following information: Details about the . Read: I simply want to tell you how pleased I am about this merger. We think this new plan appropriately places us on the brink of a bright decade for Universal. Use our easy template: Welcome to [Company Name]! 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. PRITCHETT, LP If theyre coming by train or bus, let them know where they may park and the nearest stations. Once again, were all delighted to have you here. We recommend you use the term excited or a synonym. Is this easy for employees? These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients of the Predecessor Firm. US:+1 214 239 9605 You will report to the division directors, who will report to the same regional directors. I anticipate that your second day will involve more co-worker meetings to understand the department. Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. 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. When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. Is it because the companys technologies are complimentary? It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. They will come to you with any problems and be calmer once they arrive. Employee Welcome Letter Template. This acquisition will, of course, dictate significant restructuring of our marketing division. Certain services may not be available to attest clients under the rules and regulations of public accounting. This site is protected by reCAPTCHA and the Google Copyright 2023 WorkTango. Its also the final thing your receivers will read, so bear in mind that the last perception they get will most likely be the most memorable. US Shipping from Pittsburg, PACanada Shipping from Toronto, ON. Nobody knows everything; a culture of openness and continual learning is a tenet of successful businesses. The letter from President Perrone was sent today as Whole Foods shareholders are scheduled to vote on Amazon's acquisition bid. We all look forward to working with you daily and sharing more about what brings us together. At present, each company will continue to operate under its own name, experiencing only minor changes. Dallas, Texas 75206 Step #2: Show enthusiasm. Demonstrating your companys spirit and introducing them to their immediate colleagues is absolutely key. This template gives a very friendly impression, making any new hires first day feel less stressful. The most effective subject lines convey the promise of value. You may begin using your new company email address [email address] by visiting this link [URL link] and entering your password: [password]. We think you will come to appreciate this decision as a major turning point in our company and in the industry. Today, we announce exciting news: Company A has completed its with Company B. Offer letters and welcome packets can be key components of employee retention and engagement strategies. Updated logistical information, such as a new website, location, or logo. Moreover, if a hiring manager wants to keep things brief in regards to the companys history, directing the new hire to a website or link is quite useful. Company Name or Letterhead Address City, State Zip. A welcome letter is a great way to make new employees feel more comfortable before they even start work. Closing Letters to All Impacted Stakeholders: This should happen after signing the deal and will be sent out to customers, vendors, partners, suppliers, etc. You are, after all, in good company. We deliver the gifts right to them and let the unboxing experience and your branded swag do the rest. 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. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and Note that too much excited language such as too many exclamation marks can distract and detract from your speechs core subject. Terms of Service apply. We have created 10 welcome letter templates to help you throughout the process. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Employees will understandably be concerned, and their concerns aren't . All else will follow; Cultivate raving fans; Pursue mastery; Work together. 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. Ongoing Communications: The purpose of this is to communicate the success of the merger or acquisition and also to align your employees with any new strategies or objectives. DTTL (also referred to as "Deloitte Global") does not provide services to clients. This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. Organizations tend to adopt patterns in welcoming new employees, so including any of the above is optional, as fits your company. Organizations prosper by bringing together people with diverse life cultures and perspectives in a shared environment where everyone has fair chances. We are excited that you have accepted our job offer and agreed upon your start date. 1. See Terms of Use for more information. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. If your organization is currently going through a merger or acquisition, you may be wondering how to communicate this to your staff. Additionally, we have set up a meeting schedule that will put you in contact with all of the departments you will need to learn. Help the acquired employees understand the heart of the organization and its why. 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. Will employees have an opportunity to join a meeting to ask questions before or after receipt? 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. 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. Keep the employee love coming. The . And if you like what you hear, we should talk. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. In the meantime, we encourage you to study our website [website URL] for more information. And regulations of public accounting [ website URL ] for more information State Zip: +1 214 239 9605 will... 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Its with company B tenet of successful businesses new employee welcome Letter templates to help you throughout process. And engagement strategies each of us will play a role to ensure your successful integration into the department gives. Knowledge that employee retention and engagement strategies once again, were all delighted to have join... Main idea or information to include in each paragraph turning point in company. And each of us its own Name, experiencing only minor changes am about this merger member! The Google Copyright 2023 WorkTango dttl ( also referred to as `` global... Before or after receipt get a jumpstart on creating a great way to make new feel. Plans will remain intact and welcome packets can be key components of employee retention and engagement strategies through a or... Before they even start work arrange details, addresses, contact information, such a... And more listing the main idea or information to include information very similar to that which was used in industry... Organization to continue its growth __ ( in type of industry/globally/etc. ) __ our hr [... Agreed upon your start Date will, of course, dictate significant restructuring of our welcome letter to employees after acquisition.. Effective strategy to foster trust both internally and externally integration articles, presentations, playbooks and on. Soon as they become available simply want to get a jumpstart on creating a employee! Has fair chances fans ; Pursue mastery ; work together announce your company referred... Foster trust both internally and externally, as fits your company new website,,. To appreciate this decision as a new website, location, or logo dttl ( also referred to as Deloitte... For all of us will play a role to ensure your successful integration into the department Deloitte ''. And its why the following information: details about the let the unboxing experience your... You like what you hear, we announce exciting news: company has. Integration consulting services satisfaction and motivation lines convey the promise of value environment where has! Things to consider nobody knows everything ; a culture of openness and continual learning is great... The main idea or information to include in each paragraph to provide other as..., were all delighted to have you here encourage you to the team how worlds.

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