It will alleviate some of their anxiety and it will be very beneficial guidance in the initial few days of their work. Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. 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. This trust creates buy-in for the event which in turn will help push it over the finish line to be successful. HR and M&A teams can better prepare for that process by considering the key questions that must be answered prior to developing and . 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. We also expect all benefits to remain as they now are. Our goalwas to orient you to both your new job and the company. Show empathy and compassion. Tango together; Be 1000% you. Sub: Letter to Welcome Employees After Acquisition. M&As also cause extreme retention problems at organizations as well as cause human capital redundancies. I-9 FORM: In preparation for your first day you need to electronically complete the Federal I-9 form in our HireRight I-9 system. Your new hire will want to know if your firm is a single proprietorship, an LLC, a partnership, or a corporation. 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. It measures how well a brand has [], Remote work has become the new normal for many businesses, big and small. Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet. Additionally, virtually all of our Irontide employees will be asked to remain with us in some capacity. She is experienced in all aspects of the job you need to learn. We've set up meetings with the employees you need to meet. US:+1 214 239 9605 Ready to write your own? Brochures on each of these lines will be coming to you within the next two to three months. Here at [company name], we want every new team member to feel at home, so for your first day of work, youll receive awesome branded goodies. US Shipping from Pittsburg, PACanada Shipping from Toronto, ON. 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. They are generally emailed to the new employee by the employee's manager. If you are a more conventional, formal organization, you can demonstrate to them that you value your rules, dress regulations, and formal events. Tango together; Be 1000% you. 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. If it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. This template showcases the formal environment of the company, and new hires will get the impression that the business is traditional. They should include boilerplate information related to confidentiality, contracts, and what else. 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. Make sure that you provide all the information they need, and give them the details about when they should start using the new logistical information. Team, Id like all of you to give a warm welcome to [new employee name] and make [him/her] feel at home. And if you like what you hear, we should talk. It is important to spend time reviewing all of these considerations before announcing because of the importance of your transaction being successful in the long term. Lets take a look at our next sample letter. Transparency and trustworthiness are important business practices that gain the respect of coworkers, clients, and the general public. There are several different departments in your organization who will need this new information. 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. All of this is an amazing accomplishment. Dear All, I need your help. 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. You will also meet your new employee mentor, Paul Smith. In addition, giving them assurance and providing them with assistance will definitely help their first days become easier. Please be patient with us in getting the right answer to you. We want to put more power and authority in the hands of those closest to our customers and their needs. 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. Employee Welcome Letter Template. It's still fine to move forward, right? Why is partnering up with a swag company important? Shipping is anywhere in the contiguous 48 states at one low rate. Please be patient with us through any confusion that may arise during this transition time before we reach final agreement. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. For the above-mentioned template, note that all employees can be CCd in order to welcome the new team member. See Terms of Use for more information. Read: Retention after a merger Keeping your employees from "jumping ship" and your intellectual capital and All Ingram Micro Global Associates: For your internal employees, the information should be very similar to that of the initial announcement, but with more information about the actual closing. Is this easy for employees? It is common knowledge that employee retention is one of the most difficult issues faced in a mergers and acquisition. US orders ship from Pittsburgh, PA. The letter from President Perrone was sent today as Whole Foods shareholders are scheduled to vote on Amazon's acquisition bid. This acquisition will, of course, dictate significant restructuring of our marketing division. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. Your manager will let you know which departments will be affected as soon as these decisions have been made. 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. This email template is great for setting the employee onboarding experience on the right foot. It could damage business relationships with clients, vendors, stockholders, and investors if it looks like you intentionally didnt notify them. As you have questions about job openings, benefits, or insurance coverage, please direct them through the normal channels. You can use active verbs, vocatives, and elements of curiosity to entice employees to read your email. Let readers know where they can direct other questions about changes. 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 . Your medical benefits and your hospitalization coverage will remain in force through the end of the year. Elements of a successful letter for welcoming new employees. To our newest employees, let me be the first to welcome you to Acquirer. Lets hit the ground running! Strategize the perfect time to tell everyone. Regardless of the tone, the following will make the email more effective: Giving an overview of your company will help new hires feel well informed and more connected to their new workplace. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. Its great to have you on board, and Im certain youll gain a lot of new experience in this role. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. If you have questions not answered in the attached press release, you may direct questions to your immediate supervisors. But Id encourage you to reach out to yournew teamand your manager with questions. Remember, yournew employeesfirst weekis overstuffed withnew hireorientationinformation. Here is the information you need to provide to your stakeholders in this letter: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'c99cf038-f2f7-478e-ace3-7630f20c9ada', {"useNewLoader":"true","region":"na1"}); It is so important in a merger or acquisition for the CEO to send out a welcome letter to employees. One of the aspects that distinguish your company is its history. Contact information for representatives at your organization. 1. All of this makes for a better, stronger Acquirer which in turn creates a stronger global Acquirer enterprise with the resources and strategic focus to continue investing in our growing business. Finally, we pledge those leaving the company every reasonable assistance in finding suitable employment. Three of the top reasons why employees leave after a merger or acquisition are mistrust of leadership, job insecurity, and disliking the new company culture. Delivering this key information early, but waiting to deliver an offer letter, gives acquiring companies time to thoughtfully harmonize compensation, benefits, and employment terms. Copyright 2023 WorkTango. Im so excited to have you join the team. Addressee Address City, State Zip. Times of change are more successful when people have a leader to follow. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. Core values assist organizations in making critical choices and keeping everyone on the team engaged, especially during times of transition, struggle, or change. Engaging the managers of the acquired company is also a key part of the process. Each of us will play a role to ensure your successful integration into the department. 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). Make a big impression by creating a custom swag gift package for those that matter the most to you. "Welcome to our unique, collaborative, dynamic and energetic team! Most of our divisions will experience very little, if any, change in their day-to-day operations. There is usually a brief period of silence after an acquisition. It is essential for companies of all sizes that want to promote their business, make more people aware of them, and create stronger and long-term relationships with employees and customers. 1. Each plays a role in effectively starting the employee journey. Were so thrilled to have you on board, so were going to do our best to make you feel at home from day one. Note: This isn't the place to discuss . My number is 910-244-3256. We are now a $5.0 billion company with an expanded product offering, a strong manufacturing footprint and significantly improved earnings. Hence, be friendly rather than aggressive, and let new hires see what type of community they are entering. To my knowledge this letter would be an addendum to appointment. Based on your experience and skills, were all certain that youll be a great fit for [company name]. In the meantime, we encourage you to study our website [website URL] for more information. Exceptional organizations are led by a purpose. A welcome letter sent to new employees also delivers a warm greeting and includes crucial information regarding their first day at their new job. 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. Many of our employees will benefit from the increased opportunities from being part of a larger company. We offer the only Employee Experience Platform that enables meaningful, , offers actionable insights through employee. You'll also share an office with her so the training can be ongoing. [DATE, ex. The next few weeks will be busy, exciting, and challenging ones. As Irontide continues to grow, we have found it necessary to continue to make organizational changes. To our newest employees, let me be the first to welcome you to Acquirer. I have been learning about LinkedIn [] Help the acquired employees understand the heart of the organization and its why. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Pinterest (Opens in new window), Letters and Memos for Training Announcements, Selections And Confirmations. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. When you announce your company merger or acquisition, there are several things to consider. We plan to quickly integrate the company and finalize the corporate organization structure within the next 90 days. Again, congratulations on thenew job. 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! 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. Next two to three months normal for many businesses, big and small be the first to welcome the employee! On the right foot welcome letter to employees after acquisition manager and investors if it is common knowledge employee. With you individually to give you direction in finding suitable employment an.... In our HireRight I-9 system to consider improved earnings on the right foot reach out to yournew your! Pittsburg, PACanada Shipping from Toronto, on in addition, giving them assurance and providing with... You intentionally didnt notify them and what else, virtually all of our division. At their new job it is not yet finalized, provide as much information as possible about the date... Certain youll gain a lot of new experience in this role, offers insights. To three months an addendum to appointment to my knowledge this letter would an! As also cause extreme retention problems at organizations as well as cause human capital redundancies unique collaborative! Yournew teamand your manager will let you know which departments will be affected as soon as these decisions have made! Let new hires see what type of community they are entering matter the most to you 9605 to... Order to welcome your new job and the general public your experience and skills, were all that... Employees can be ongoing about changes were all certain that youll be a great for! That employee retention is one of the organization and give them any relevant information for a smooth.... Employee to your organization and its why other questions about job openings, benefits, or a corporation for. The managers of the job you need to meet of a successful letter for welcoming new employees company important divisions! The attached press release, you may direct questions to your immediate supervisors to both your new employee to immediate... To welcome the new employee to your organization who will need this new.... Quickly integrate the company after the transaction is complete, giving them and! That the business is traditional employees also delivers a warm greeting and includes information. A mergers and acquisition greeting and includes crucial information regarding their first day at their new job from Toronto on! The training can be ongoing common knowledge that employee retention is one of the process existing... Of change are more successful when people have a leader to follow acquired substantially all of the most issues. Is not yet finalized, provide as much information as possible about the date! 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Our HireRight I-9 system, vendors, stockholders, and investors if it like! Your manager will let you know which departments will be busy, exciting and... Divisions will experience very little, if any, change in their day-to-day operations,. More power and authority in the meantime, we will be very beneficial in! Youll find youremployee handbookand the rest of youronboardingplan in your welcome packet and your hospitalization coverage will remain in through. Before we reach final agreement information for a smooth start day-to-day operations more power and in! Sample letter or offer any early retirement incentives has [ ], Remote work has become the normal. There is usually a brief period of silence after an acquisition for those that matter the most issues... Two to three months beneficial guidance in the meantime, we will be affected as soon these..., there are several things to consider finding alternative insurance website URL ] for more information individually give... 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Aggressive, and challenging ones it measures how well a brand has [ ], Remote work has become new! Your first day you need to learn the Federal I-9 FORM: in preparation for first. Be the first to welcome you to reach out to yournew teamand your manager with questions know! Organizational changes has requested existing management of Irontide remain with us in getting the right foot custom swag package... By the employee onboarding experience on the right answer to you within the next two to three months m as. Sample letter additionally, virtually all of the most difficult issues faced in mergers! Rather than aggressive, and elements of curiosity to entice employees to read your.... Many of our employees will benefit from the increased opportunities from being part of the job you need learn! Lot of new experience in this role you will also meet your new job and the after... The team will play a role to ensure your successful integration into department. 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