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 have a fine companya company with people who have the highest values and interest for their colleagues. This is another component to our CORI process that is required by all new hires before they start. When two companies merge - or when another company is acquired - changes will have to be made to employment policies. Theres a bright future ahead. This acquisition will help our organization to continue its growth __(in type of industry/globally/etc.)__. At WorkTango, these values guide everything we do: Champion our passion. 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. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. 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. It just takes a word or two to convey enthusiasm. Our HR manager [manager name] will reach out to you soon to arrange details, addresses, contact information, and more. (This applies to boxes shipped immediately after production and not boxes sent from storage.). Keep the language straightforward and clearly communicate why this matters to your employees. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Unlimited drop shipments. Were delighted to have you on board at [business name]. Plus, well make sure to send you a work-at-home kit to make you more productive than ever. Of course, as in any transaction of this type, there are some overlaps in corporate functions. It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. Please enable JavaScript to view the site. During these sessions we discuss topics that are top of mind for them as they support their companies. Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. You can give a quick preview of the companys missions and goals, adding to the formal ambiance of the email. As mentioned during the interviews, while your new position reports to me, I'd like to welcome you to the (Name of Department) on behalf of all of the staff. Your new team anticipates taking you out to lunch to get to know you and to make sure that you meet everyone with whom you will be working. 4. Many of our employees will benefit from the increased opportunities from being part of a larger company. There is no set timeline and your organization may need to send out an HR update multiple times as decisions are made about your people strategy. 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. 8150 North Central Expressway 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. If it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. You have the option of either attaching or hyperlinking these files to your email. 2023 Professional Business Documents, Agreements & Letters. A Company Merger and/or Acquisition Announcement Template, Merger and Acquisition Client Announcement Letter (Template Included), Mergers and Acquisitions: Everything HR Needs to Know, Mergers and Acquisitions: Due Diligence Surrounding Layoffs and RIFs. We do not know exactly what that means as far as staffing, employee relocation plans, and project schedules. On the attached pages, we have outlined in great detail the departmental changes. Get a bulk order of your chosen items sent to one or two locations. We are all very excited to have the opportunity to work under your valuable guidance. The details of that agreement are described in the accompanying press release. Should you have any questions, Im here to help! To the few employees who cannot be accommodated in other divisions and must choose other employment, we will provide separation allowances and other benefits outlined in our usual severance policies. We look forward to having you come on board. A welcome letter to a new employee is a nice way to say welcome to our team. 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"). At WorkTango, were revolutionizing how the worlds most forward-thinking companies engage and inspire their people. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Of course, the negotiations and complete processing may take up to three months. It's still fine to move forward, right? 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. 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. You'll also share an office with her so the training can be ongoing. Ballmer town hall (microsoft) As the company announced the shocking news that it's to buy Nokia's devices and services division, outgoing Microsoft CEO Steve . Welcome to company ABC! As a result of this reserve, we can become more cost competitive and continue to bring innovative products to our customers. Hence, sharing your key values in your welcome letter is essential. A new employee welcome letter is a document sent by an employer to a new employee to welcome them to their new workplace, team, and organization. This could be a PDF, or a link to an intranet website page. Theyre what makes WorkTango WorkTango. Well, explain this to your employees. However, this will be external facing, so you will want to take some care in how your announcement comes off to the public. 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. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. 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 welcome __(Name of purchased Company)__ to our family. We've set up meetings with the employees you need to meet. What should a greatwelcome emailor letter look like? Provide the performance review process right from the start so the acquired employees understand how and when they . The majority of mergers and acquisitions end up failing their original objectives. 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. In the end, []. This new hire letter is perfect for fast-paced companies that want to showcase their environment and motto right away. 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. Many offices are moving to a remote work model now that we live in such a technologically advanced era, so send them a clear video conferencing link so they know where to join their first meeting, if your office is virtual. 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. Nothing makes a new hire feel more welcome than some good swag items. How to Welcome a New Employee to the Team. Recently my company had acquired another company and it merged with ours. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. 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. I'm looking forward to seeing you grow and develop into an outstanding employee that exhibits a high level of care, concern, and compassion for . 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. Today Universal and Harrington Uptown have reached an agreement to merge and restructure their organizations so both can devote time, resources, and expertise to what they know best in the _____ industry. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. 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. It measures how well a brand has [], Remote work has become the new normal for many businesses, big and small. 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. Once again, were all delighted to have you here. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. Welcome letters can range from extremely simple, like these sample letters, to complex. Taking accountability for your acts is the most effective strategy to foster trust both internally and externally. 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. You are, after all, in good company. 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. Roseville, CA 95661 . Bozell, Inc., has charted a new course through the murky economic waters of the industry downturn. We have every confidence you will finally agree this decision was the only sensible one in light of todays economy. What do they sell? Based on your experience and skills, were all certain that youll be a great fit for [company name]. Provide resources outside of your description from the first point listed above where employees can do more research about the organization. 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. Help the acquired employees understand the heart of the organization and its why. Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. 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]. Today, we announce exciting news: Company A has completed its with Company B. The letters you send to clients announcing a merger or acquisition should reassure in order to retain. In the future, as you come in contact with these new members of the Burford-Hymil organization, Im confident you will come to share my great enthusiasm for this relationship. clientsolutions@mergerintegration.com. 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. If you explain the reason for the transaction, your employees will be more supportive of it. We recommend you use the term excited or a synonym. Will it allow your organization to expand into a new market? To stay logged in, change your functional cookie settings. Dissect who owns your company and how each person is associated with it. UK:+44 203 936 2220 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. Your box size and cost will be confirmed when all products have been added to your order. I am confident that we have many more accomplishments to celebrate ahead of us. You can include some personality and unique tidbits, especially if they connect to your corporate culture. 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. For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. Company Merger Announcement. 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. As you become part of the team, Im excited about how theyll shape your professional growth and experience, too. Hands free platform, we build to your liking, quickly! When you announce your company merger or acquisition, there are several things to consider. if youre ready to make work lives better, Recognition, Rewards & Employee Engagement: How Leaders Drive Positive Business Outcomes, How Employee Surveys and Continuous Feedback Can Help Turn Quiet Quitting Around, How to Celebrate Employee Appreciation (Every) Day, 2022 Workplace Report: From Great Resignation to Workplace Revolution, How to Welcome a New Employee to the Team. We look forward to increased profitability for all concerned. Register to access this resource and over three-hundred free M&A integration articles, presentations, playbooks and tools on MergerIntegration.com. Terms of Service apply. Certain services may not be available to attest clients under the rules and regulations of public accounting. The next few weeks will be busy, exciting, and challenging ones. I've been with this company for seven years . 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