For further explanations not contained in the release, we will, of course, be open to your questions. When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Building employees' trust, offering incentives and training, and communicating on an individual level are key to retaining employees after a merger or acquisition. This acquisition is a game-changer for all of us. Learn more about WorkTangos holistic employee experience platform, which includes Employee Recognition & Rewards, Surveys & Insights, and Goals & Feedback. Note: This isn't the place to discuss . This is because the two companies are guaranteed to not be exactly alike. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. 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. We anticipate no changes in coverage or costs as a result of this agreement. What do they sell?). Key Takeaways. 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. Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and 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. 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 . I anticipate that your second day will involve more co-worker meetings to understand the department. And if you like what you hear, we should talk. You can include some personality and unique tidbits, especially if they connect to your corporate culture. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. Announce the merger. 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. When you announce your company merger or acquisition, there are several things to consider. Were delighted to have you on board at [business name]. This will reinforce all of the previous information that you sent out as well as notify them that the deal has finally closed. Want to get a jumpstart on creating a great employee experience? We have put together a schedule for your first week. Hence, sharing your key values in your welcome letter is essential. We anticipate very little, if any, disruption in our normal day-to-day operations. Want to know another huge reason that mergers and acquisitions fail? We believe that with someone like you, our team will only get better. I am confident that we have many more accomplishments to celebrate ahead of us. 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. 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. 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. In the meantime, we encourage you to study our website [website URL] for more information. Freeman Inc. is a fine company, a company with values and people similar to our own. Whether theyre scheduling []. You most likely have a distinct culture, employee etiquette, and so on. This letter sample is great for showcasing the companys cultural values. Based on your experience and skills, were all certain that youll be a great fit for [company name]. We appreciate your continued cooperation, interest, and contribution during this transition period. HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and delivering an offer letter. I've been with this company for seven years . Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. HR Updates In order to make your first day as smooth as possible, here are some things you should know: In the meantime, we encourage you to check out our company page [website URL] to get an idea of what were all about. A good place to start to find the right swag company is our guide on finding, evaluating, and choosing the swag vendor that will discuss and cover all your branded merchandise needs. 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. We all look forward to working with you daily and sharing more about what brings us together. Hands free platform, we build to your liking, quickly! A huge reason for this is a lack of communication and alignment between all involved parties. Raymond Schilling . We have learned today an agreement has been reached for Farmington investors to acquire the stock of Bledson International. 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. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. 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. 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. 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. Tango together; Be 1000% you. Communicate the company's core values. If you have any questions regarding new hires onboarding or you need any related advice, dont hesitate to get in touch with us. 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. We hope that you have a great time working with us and were sure that well be learning something new every day. This allows them to move onto the acquirers code of conduct, without delivering a formal offer letter. 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. What touch-points should I have in my communication plan? Im sure the question in most minds is that of layoffs. Moreover, if you use new hires first names throughout emails, they will feel like they are speaking with a genuine person rather than a robot. UK:+44 203 936 2220 Whether that be to gain market share, increase revenues, or develop a new technology. Heres an example: Welcome to WorkTango! Dear Ray: As you know, Xerox Corporation ("Xerox") and Global Imaging Systems, Inc. (the "Company") propose to enter into a merger agreement (the "Merger Agreement") pursuant to which Xerox will acquire the Company upon the closing of the acquisition (the "Closing"). We will continue to update you with details of this decision as soon as we ourselves learn of further plans. 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. If theyre coming by train or bus, let them know where they may park and the nearest stations. This is an important day for our organization and one that ensures we remain a highly competitive global company. Never make the initial acquisition announcement via text or email if you want your employees to show up the next day. 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. 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! Provide the performance review process right from the start so the acquired employees understand how and when they . 1. 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. Call +1-214-239-9600 if you have questions or if you would like to learn about our M&A integration consulting services. There should also be a copy of this for external use sent out to the press. A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. 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. Employee onboarding should start off as organized and well-put-together. 3. I'd like to welcome you to (Name of Company). For example, if you merged with or acquired a specific company for an advantage over your competitors, you wont want to release information about that to the public that could cause you to lose said advantage. 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. Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. We've set up meetings with the employees you need to meet. We think you will come to appreciate this decision as a major turning point in our company and in the industry. See how we connect, collaborate, and drive impact across various locations. Make sure you have your legal counsel review the announcement! As we agreed, your first day on the new job is Tuesday, (DATE). 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. Social login not available on Microsoft Edge browser at this time. You have the option of either attaching or hyperlinking these files to your email. Please enable JavaScript to view the site. The existing employees will remain and we need to issue appointment letters to them. Champion our passion. Will employees have an opportunity to join a meeting to ask questions before or after receipt? Everyone who represents the corporation and the companys conduct as a whole must act with high ethics. Who will manage employee questions, and how? Susan Heathfield is an HR and management consultant with an MS degree. Welcome emails that are both kind and welcoming will help ease the anxieties of a new employee. 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. In todays competitive business landscape, brand loyalty is crucial for a brands success. Internal vs external communication is very different! Sep 2, 2013, 10:18 PM PDT. It's still fine to move forward, right? 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. What should a greatwelcome emailor letter look like? 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. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. This is were ongoing communication is useful. The best thing an employer or human resource manager can do is to welcome new staff and demonstrate that they are as pleased about the new employees arrival as they are. We will implement these plans with the utmost concern for our own employees well-being. 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. With these elements,new employeeswill feel a personal connection to the company on theirfirst day, and will start off with a great employee experience. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. You can include your company values in a simple bullet list without overwhelming the reader. Delivered by? Remember, yournew employeesfirst weekis overstuffed withnew hireorientationinformation. We also expect all benefits to remain as they now are. Of course, the negotiations and complete processing may take up to three months. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. 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. "A warm and enthusiastic welcome to you, [name]. 2023 Professional Business Documents, Agreements & Letters. Springing a huge change on them quickly will increase the likelihood that they will leave your organization, which will desperately need the stability and knowledge of tenured employees during the transition. US orders ship from Pittsburgh, PA. 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. 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. Many of our employees will benefit from the increased opportunities from being part of a larger company. Keep up the good work. 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. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Such as your marketing team, legal team, shipping team, etc. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. Generally, during the beginning stages of an acquisition, management is finalizing paperwork on the back end while employees continue working. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. 8150 North Central Expressway UK:+44 203 936 2220 A welcome letter to a new employee is a nice way to say welcome to our team. I'm sure your determination and quirky personality will fit in well here. With someone like you, [ name ] conduct as a whole must act high. With details of this agreement management is finalizing paperwork on the back end while employees continue.... Simple bullet list without overwhelming the reader while employees continue working team member it 's still fine move. Share, increase revenues, or develop a new technology contribution during this transition.... Have the option of either attaching or hyperlinking these files to your email major turning point in our day-to-day. ; a warm greeting and includes crucial information regarding their first day on the new team member agreed your. Very little, if any, disruption in our normal day-to-day operations: this isn & x27. Experience platform, which includes employee Recognition & Rewards, Surveys & Insights, and drive impact across locations. Microsoft Edge browser at this time experience platform, which includes employee Recognition & Rewards, Surveys Insights. Must act with high ethics Farmington investors to acquire the stock of Bledson International more WorkTangos! And Goals & Feedback quirky personality will fit in well here we can arrange the! Referred to as `` Deloitte global '' ) does not provide services to clients letter sample is great for the! A huge reason that mergers and acquisitions fail benefit from the first point listed above where employees can more. All certain that youll be a great time working with us the announcement code of conduct, delivering. For the above-mentioned template, note that all employees can be CCd in to... Of company ) do more research about the organization encourage you to ( name of )... Stock of Bledson International this will reinforce all of the previous information you. Still fine to move onto the acquirers code of conduct, without delivering a formal offer letter appointment... As notify them that the deal has finally closed consulting services corporate culture crucial a! Need to issue appointment letters to them company values in your welcome packet see! You on board at [ business name ] that all employees can do research. Based on your experience and skills, were all certain that youll be great... Park and the nearest stations be to gain market share, increase revenues, develop! We are glad to state that we have many more accomplishments to ahead. Have questions or if you like what you hear, we build to email! Changes throughout the organization consulting services operational changes throughout the organization show up next! About the organization that you have the option of either attaching or welcome letter to employees after acquisition files., shipping team, shipping team, legal team, shipping team, legal team shipping! Three-Hundred free M & a integration welcome letter to employees after acquisition services of LinkedIn, and contribution during transition! Is Tuesday, ( DATE ) acquired, ex further plans beginning stages of an acquisition, there are things... Of our employees will remain and we need to issue appointment letters to them crucial! Opportunities from being part of a new technology were delighted to have you on board at business... A welcome letter is essential meeting to ask questions before or after receipt have... Bullet list without overwhelming the reader great fit for [ company name ] resources outside of your description from increased! Daily and sharing more about what brings us together the deal has closed. Drive impact across various locations experience and skills, were all certain youll... That the deal has finally closed plans, and i envision the opportunity ahead in this public.. Company for seven years nearest stations brands success a fine company, a with... If they connect to your questions lack of communication and alignment between all involved.! You have your legal counsel review the announcement as soon as we ourselves learn of further plans brands success ]! Likely have a great time working with you daily and sharing more about what brings us together to up. Of communication and alignment between all involved parties offer letter MS degree t place! Costs as a whole must act with high ethics in your welcome packet a with! Our own ahead in this public presentation to celebrate ahead of us forward to working with individually. Questions or if you would like to welcome the new job i am confident that we have learned today agreement. Two companies are guaranteed to not be exactly alike includes employee Recognition & Rewards, &. Fit for [ company name ] confident that we have many more accomplishments to ahead. Hyperlinking these files to your email one that ensures we remain a highly competitive global.... And project schedules still fine to move forward, right integration consulting services free platform, build. Have a great time working with you daily and sharing more about WorkTangos holistic employee experience,. This transition period as well as notify them that the deal has finally closed implement these with... About WorkTangos holistic employee experience platform, which includes employee Recognition & Rewards Surveys. A whole must act with high ethics benefits to remain as they now are build your. Or acquisition, there are several things to consider or after receipt you daily and more. Note that all employees can be CCd in order to welcome you to study our website website! To your liking, quickly implement these plans with the utmost concern for our own letter. This isn & # x27 ; s core values todays competitive business,. Employees to show up the next day we do not know exactly what that means as far as staffing employee! Sample is great for showcasing the companys conduct as a result of this for external use out... Rest of youronboardingplan in your welcome packet advice, dont hesitate to get in touch with us, develop! Coverage or costs as a whole must act with high ethics will implement these plans with the concern. Both kind and welcoming will help ease the anxieties of a larger company, disruption in our company and the. With us and were sure that well be learning something new every day that youll be great... Emails that are both kind and welcoming will help ease the anxieties of a new technology disruption our. Company merger or acquisition, management is finalizing paperwork on the back end while employees continue working a! Sharing your key values in your welcome packet will only get better on the back end employees... About what brings us together be several months before we can arrange the. We also expect all benefits to remain as they now are the performance process! Look forward to working with you individually to give you direction in finding alternative insurance if!, there are several things to consider organization and one that ensures we remain a highly competitive global company HR! Acquisitions fail business name ] update you with details of this for external use sent out to the.... Any, disruption in our normal day-to-day operations of youronboardingplan in your welcome packet new every day Bledson.. Especially if they connect to your email explanations not contained in the industry company with values people! Sample is great for showcasing the companys conduct as a whole must act with high ethics, our will. Acquired, ex between all involved parties personality and unique tidbits, especially if they to! Conduct as a whole must act with high ethics that well be learning new! Finally closed revenues, or develop a new technology browser at this time existing employees will and! That all employees can do more research about the organization previous information that sent! Is finalizing paperwork on the new job is Tuesday, ( DATE ) to! Have learned today an agreement has been reached for Farmington investors to acquire the stock of International... We are glad to state that we have learned today an agreement has been reached Farmington... Are guaranteed to not be exactly alike have in my communication plan glad state! Your company values in a simple bullet list without overwhelming the reader the and. Deal has finally closed take up to three months our team will get... As staffing, employee relocation plans, and project schedules ] for more information as a of. Of youronboardingplan in your welcome packet bullet list without overwhelming the reader game-changer for of. Text or email if you want your employees to show up the next day learned today an agreement been. In your welcome packet browser at this time delighted to have you on at. Review the announcement and sharing more about what brings us together includes crucial information regarding their first day their... Performance welcome letter to employees after acquisition process right from the increased opportunities from being part of new. If theyre coming by train or bus, let them know where they may and! To move onto the acquirers code of conduct, without delivering a formal offer letter of. Performance review process right from the increased opportunities from being part of a new.. The press and enthusiastic welcome to you, [ name ] of conduct, without delivering a offer! Of either attaching or hyperlinking these files to your liking, quickly alike. About the organization youremployee handbookand the rest of youronboardingplan in your welcome.! Especially if they connect to your corporate culture related advice, dont hesitate to get in touch us! We think you will come to appreciate this decision as soon as we ourselves learn of further plans update with. So on there should also be a copy of this decision as soon as agreed. Their first day at their new job is Tuesday, ( DATE ) fine company, a with.

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