hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, '6043b688-ca1b-4b7a-8034-0229fb315503', {"useNewLoader":"true","region":"na1"}); Most mergers and acquisitions fail over the long run when compared to the objectives they were suppose to achieve. Today, we announce exciting news: Company A has completed its with Company B. Who will manage employee questions, and how? Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. Welcome packs can include branded tumblers, customized notebooks, cool office supplies, personalized candy, and many more ideas. 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. The initial announcement will be responsible for letting your investors and employees know that you are currently working on closing a merger or acquisition. |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead Finally, we pledge those leaving the company every reasonable assistance in finding suitable employment. 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. They are generally emailed to the new employee by the employee's manager. 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). (Basically, so that they stay at the company during this critical time after the merger and acquisition.). Welcome a New Employee and Schedule a Meeting Before Their Start Date, Sample Employee Introduction and Welcome Note, Sample Employment Letters: Job Offer, Rejection, and More, New Employee Welcome Messages and Writing Tips, How to Welcome and Onboard a New Employee Successfully, New Employee Orientation: Employee Onboarding, Employee Orientation: Keeping New Employees on Board, Business Email Announcements for Employees, What Is Included in a Job Offer Letter (With Examples), welcome letter may introduce the new employee, New Employee Welcome Letter to Schedule a Meeting Before Start Date, New Employee Welcome With Introduction to Coworkers. Dallas, Texas 75206 4. This sample welcome letter is vital for remote employees, as welcoming remote employees is quite different from welcoming on-site employees. Introduce the new CEO and leadership team. Im sure the question in most minds is that of layoffs. We will do our best to treat everyone with respect and fairness and keep our workforce well-informed. Heres an example: Welcome to WorkTango! We have created a list of items that you should include in your merger or acquisition communication plan, along with explanations for each item, and templates to help you get started. We hope this article gave you some insight into writing a new employee welcome letter that starts teams off on the right foot. US:+1 214 239 9605 In a lot of these cases, it is common for your executive team to not decide on all of these at one single time. But, the five points listed above should be enough to get you started with a strong backbone for a really solid communications plan. 1648 Grey Owl Circle . Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. Theres a bright future ahead. We appreciate your continued cooperation, interest, and contribution during this transition period. Address immediate questions employees will have in their mind, such as those about layoffs or new openings, benefits, share values, or market position. 2. Is this easy for employees? Exceptional organizations are led by a purpose. 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. Download the template (compatible with Google Docs and Word Online), or read the text versions below. 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. Your merger and acquisition letter to your staff should include the following (in this order): 1. If it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. Hence, sharing your key values in your welcome letter is essential. Gottschalk outlines the ideal time to tell your . We'll expect you at 9 a.m. FYI, the dress code here is business casual. This could be your vendors, clients, partners, or suppliers. 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 . During transactions, employees are looking for assurance and clarity, especially regarding their role, compensation, and benefits. Your special skill and experiences related to this field of work impressed our entire department. 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. This is were ongoing communication is useful. Will it allow your organization to expand into a new market? Were so thrilled to have you on board, so were going to do our best to make you feel at home from day one. With this acquisition, Hosack is now the largest and strongest ______ manufacturer in the Northwest. At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. Date. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. Larson & Co, 123 Lane, Area 456, City, State, Pin Code] Dear [NAME, ex. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. 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. What should I say? Want to know another huge reason that mergers and acquisitions fail? Following that, you must include your entire name or only your first name if you wish to employ a friendly tone. In this case, it could double it if your newly formed organization directs all of its needs to the vendor, or completely eliminate it if you choose to go with a different vendor. On a personal note, I love working with all of you. 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. Authors Tip: The subject line should inform workers about the aim of the email while also being engaging. 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]. 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 also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. In the interim period, we anticipate operating as we do currently; no changes in management have been discussed or approved. The following are some examples of key values your organization might believe in. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). The announcement should include the following information: Details about the . For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. Use our easy template: Welcome to [Company Name]! As a CEO or manager, your letter should offer a warm welcome to the company and offer a few high-level details: Note: This isnt the place to discuss dress code, benefits, or first steps lethuman resourcesand theirhiring managerhandle these. At WorkTango, these values guide everything we do: Champion our passion. Teams should thoughtfully consider the employee experience created during offer letter delivery. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Example 3: Company merger letter. 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. Tuesday, February 21, 2012] [NAME, COMPANY AND ADDRESS, ex. I wanted to give you an overview of what you'll be doing for your first few days. Please be patient with us in getting the right answer to you. 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. 2. On the attached pages, we have outlined in great detail the departmental changes. At the few sites where our studies are still incomplete, we will continue to listen to our own staff and work closely with them, keeping you informed every step of the way. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. Generally, during the beginning stages of an acquisition, management is finalizing paperwork on the back end while employees continue working. Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. To our newest employees, let me be the first to welcome you to Acquirer. 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 look forward to increased profitability for all concerned. Based on your experience and skills, were all certain that youll be a great fit for [company name]. 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. Plus, well make sure to send you a work-at-home kit to make you more productive than ever. With this in mind, in addition to your mentor, we have asked Margaret Briony to work with you to provide on-the-job training. Please rest assured your jobs will in no way be affected. 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. Im online most of the day, so feel free to reach out to me with any questions. You will also meet your new employee mentor, Paul Smith. 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. Address It is, after all, your reason for writing the letter, so don't take too long to get to the point. [DATE, ex. This agreement is subject to several conditions that must be met before the acquisition is final, and this negotiation process may require up to five months. 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. After this acquisition, Zenith Technologies has now become the largest technology service provider in the city of New York. 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. Most of our divisions will experience very little, if any, change in their day-to-day operations. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. 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