SlideShare a Scribd company logo
1 of 3
Download to read offline
H R I N T H E T R U M P E R A :
I M PA C T O N P O L I C Y
Last month, we asked nearly 2,000 HR executives about the impacts of the
US presidential election on employers.
I N V E S T M E N T S
P O T E N T I A L P O S I T I V E S
Tax reform/cuts
-
Infrastructure spending
-
Regulatory relief
P O T E N T I A L N E G AT I V E S
Constrained trade policy
-
Restricted immigration
-
Policy uncertainty
W I L D C A R D S
Federal Reserve policy
-
Business investment/
productivity growth
-
Financial market impact
-
Global shift toward
populism/protectionism
Mercer poll: Do you anticipate changing your defined benefit plan investment strategy in 2017?
Yes, plan to increase
fixed income or take other
steps to de-risk
NoYes, plan to increase
equity exposure to increase
expected returns
Yes, plan to increase
alternative investments
16% 4% 7% 69%
R E T I R E M E N T P L A N S
We believe the most significant retirement changes are likely to come from
Congress and the States.
Mercer poll: How would a lifetime income safe harbor affect your defined contribution plan design?
It will: I will likely add a
lifetime income option
Not sureI’m exploring adding
lifetime income option
I’m taking no action
30% 16% 48%6%
H E A LT H A N D B E N E F I T S
Employers should consider whether key elements of US health reform will
remain, and how that will affect them.
Mercer poll: Do you currently satisfy the 30-hour ACA rule?
Comprehensive financial wellness programs help employees with assets,
liabilities, income and expenses, and insurance and protection.
Yes, and will most likely
continue to set eligibility at 30
hours (or below) even if the
employer mandate is repealed
Not sureYes, but will most likely
increase hours for
eligibility if the employer
mandate is repealed
No, we’ve chosen to pay
the employer mandate
assessment
18% 0% 6%75%
CONSUMER FINANCE PROTECTION BUREAU’S FOUR ELEMENTS OF INDIVIDUAL FINANCIAL WELLNESS
Participant enters
workforce
Life event occurs and an
intervention is needed
Phase of employment changes (e.g.,
nearing retirement, leaving company)
Participant enters retirement,
drawdown phase
F I N A N C I A L W E L L N E S S N E E D S
Have control over day-to-day,
month-to-month finances
Have the capacity to absorb a
financial shock
Are on track to meet
financial goals
Have financial freedom to make
choices to enjoy life
22266b-MG
TA L E N T A N D R E W A R D S
THREE STEPS TO ENSURING PAY EQUITY
Mercer poll: Is your organization planning on taking action on pay equity in 2017?
1. Assess pay equity
on a regular basis
2. Group employees
into meaningful
pools for comparison
purposes
3. Designate a team that
assesses pay equity and
implements a formal
remediation process
Yes Not sureNo
22%30% 48%
E X E C U T I V E R E W A R D S
The President-elect’s position on executive pay is uncertain. Employers should
take steps to prepare for pay ratio rule 2018 effective date and monitor investor
and proxy adviser voting policies on executive pay and governance.
Mercer poll: Will your company continue to prepare for the pay ratio rule effective in 2018?
Yes Not sureNo
10%35% 54%
Email selectintel@mercer.com for a replay of the webinar.
Learn more at http://bit.ly/tryMSI

More Related Content

Similar to HR In The Trump Era

Attracting staff benefits and compensation
Attracting staff   benefits and compensationAttracting staff   benefits and compensation
Attracting staff benefits and compensationCG Hylton Inc.
 
Disability Insurance
Disability InsuranceDisability Insurance
Disability Insurancec683765
 
How To Survive And Thrive In The Era Of Health Reform[1]
How To Survive And Thrive In The Era Of Health Reform[1]How To Survive And Thrive In The Era Of Health Reform[1]
How To Survive And Thrive In The Era Of Health Reform[1]wisdomjl
 
The Impact of the Current Economy on Compensation Management
The Impact of the Current Economy on Compensation ManagementThe Impact of the Current Economy on Compensation Management
The Impact of the Current Economy on Compensation ManagementPayScale, Inc.
 
Tax Favored Benefits CE Presentation
Tax Favored Benefits CE PresentationTax Favored Benefits CE Presentation
Tax Favored Benefits CE Presentationksdental
 
National survey of employer sponsored health plans core presentation
National survey of employer sponsored health plans core presentationNational survey of employer sponsored health plans core presentation
National survey of employer sponsored health plans core presentationAnn Gargis
 
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...Congressional Budget Office
 
2013 Workplace Benefits Report -BAML
2013 Workplace Benefits Report -BAML2013 Workplace Benefits Report -BAML
2013 Workplace Benefits Report -BAMLSteven Reta
 
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNLTam Nguyen
 
BIZGrowth Strategies - Workforce & Talent Optimization Special Edition
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionBIZGrowth Strategies - Workforce & Talent Optimization Special Edition
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionCBIZ, Inc.
 
BIZGrowth Strategies - Winter 2022
BIZGrowth Strategies - Winter 2022BIZGrowth Strategies - Winter 2022
BIZGrowth Strategies - Winter 2022CBIZ, Inc.
 
March 2019 Newsletter
March 2019 NewsletterMarch 2019 Newsletter
March 2019 Newslettertoddrobison
 
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...Reynolds Center for Business Journalism
 
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...Thomsons Online Benefits
 
U S Supreme Court Upholds The Affordable Care Act1
U S  Supreme Court Upholds The Affordable Care Act1U S  Supreme Court Upholds The Affordable Care Act1
U S Supreme Court Upholds The Affordable Care Act1charles_3us
 
Navigating Health Care Reform: Guidance for Small Businesses & Individuals
Navigating Health Care Reform: Guidance for Small Businesses & IndividualsNavigating Health Care Reform: Guidance for Small Businesses & Individuals
Navigating Health Care Reform: Guidance for Small Businesses & IndividualsFraser Trebilcock Lawyers
 
Compensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxCompensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxannette228280
 

Similar to HR In The Trump Era (20)

Attracting staff benefits and compensation
Attracting staff   benefits and compensationAttracting staff   benefits and compensation
Attracting staff benefits and compensation
 
Social-Security Part of Your Retirement
Social-Security Part of Your RetirementSocial-Security Part of Your Retirement
Social-Security Part of Your Retirement
 
Disability Insurance
Disability InsuranceDisability Insurance
Disability Insurance
 
How To Survive And Thrive In The Era Of Health Reform[1]
How To Survive And Thrive In The Era Of Health Reform[1]How To Survive And Thrive In The Era Of Health Reform[1]
How To Survive And Thrive In The Era Of Health Reform[1]
 
The Impact of the Current Economy on Compensation Management
The Impact of the Current Economy on Compensation ManagementThe Impact of the Current Economy on Compensation Management
The Impact of the Current Economy on Compensation Management
 
Tax Favored Benefits CE Presentation
Tax Favored Benefits CE PresentationTax Favored Benefits CE Presentation
Tax Favored Benefits CE Presentation
 
National survey of employer sponsored health plans core presentation
National survey of employer sponsored health plans core presentationNational survey of employer sponsored health plans core presentation
National survey of employer sponsored health plans core presentation
 
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...
Coverage Effects of Limiting the Tax Exclusion for Employment-Based Health In...
 
2013 Workplace Benefits Report -BAML
2013 Workplace Benefits Report -BAML2013 Workplace Benefits Report -BAML
2013 Workplace Benefits Report -BAML
 
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL
13531EmployeeBenefitsSurveyPerspectivesWhitePaper8pg_FNL
 
BIZGrowth Strategies - Workforce & Talent Optimization Special Edition
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionBIZGrowth Strategies - Workforce & Talent Optimization Special Edition
BIZGrowth Strategies - Workforce & Talent Optimization Special Edition
 
BIZGrowth Strategies - Winter 2022
BIZGrowth Strategies - Winter 2022BIZGrowth Strategies - Winter 2022
BIZGrowth Strategies - Winter 2022
 
March 2019 Newsletter
March 2019 NewsletterMarch 2019 Newsletter
March 2019 Newsletter
 
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...
Strictly Financials 2014: Financial Markets in 2014 - Story Projects by Gary ...
 
compensation and benefits
compensation and benefitscompensation and benefits
compensation and benefits
 
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...
Thomsons Online Benefits Breakfast Workshop - Will your benefits still engage...
 
U S Supreme Court Upholds The Affordable Care Act1
U S  Supreme Court Upholds The Affordable Care Act1U S  Supreme Court Upholds The Affordable Care Act1
U S Supreme Court Upholds The Affordable Care Act1
 
Navigating Health Care Reform: Guidance for Small Businesses & Individuals
Navigating Health Care Reform: Guidance for Small Businesses & IndividualsNavigating Health Care Reform: Guidance for Small Businesses & Individuals
Navigating Health Care Reform: Guidance for Small Businesses & Individuals
 
US20152031
US20152031US20152031
US20152031
 
Compensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docxCompensation, Benefits, Reward & Recognition Plan for V..docx
Compensation, Benefits, Reward & Recognition Plan for V..docx
 

Recently uploaded

From Awareness to Action: An HR Guide to Making Accessibility Accessible
From Awareness to Action:  An HR Guide to Making Accessibility AccessibleFrom Awareness to Action:  An HR Guide to Making Accessibility Accessible
From Awareness to Action: An HR Guide to Making Accessibility AccessibleAggregage
 
CI or FS Poly Cleared Job Fair Handbook | May 22
CI or FS Poly Cleared Job Fair Handbook | May 22CI or FS Poly Cleared Job Fair Handbook | May 22
CI or FS Poly Cleared Job Fair Handbook | May 22ClearedJobs.Net
 
Data Security Matters: Ensure Confidentiality with Human Resources Management...
Data Security Matters: Ensure Confidentiality with Human Resources Management...Data Security Matters: Ensure Confidentiality with Human Resources Management...
Data Security Matters: Ensure Confidentiality with Human Resources Management...HRMantra Software Pvt. Ltd
 
Truck Driver Recruiting Deck 2023 MASTER.pptx
Truck Driver Recruiting Deck  2023 MASTER.pptxTruck Driver Recruiting Deck  2023 MASTER.pptx
Truck Driver Recruiting Deck 2023 MASTER.pptxPurplegator
 
AI+Labor Markets Presentation to CSM-16-may-2024
AI+Labor Markets Presentation to CSM-16-may-2024AI+Labor Markets Presentation to CSM-16-may-2024
AI+Labor Markets Presentation to CSM-16-may-2024Joaquim Jorge
 
Webinar - How to Implement a Data-Driven Compensation Strategy
Webinar - How to Implement a Data-Driven Compensation StrategyWebinar - How to Implement a Data-Driven Compensation Strategy
Webinar - How to Implement a Data-Driven Compensation StrategyPayScale, Inc.
 
Databricks Data Analyst Associate Exam Dumps 2024.pdf
Databricks Data Analyst Associate Exam Dumps 2024.pdfDatabricks Data Analyst Associate Exam Dumps 2024.pdf
Databricks Data Analyst Associate Exam Dumps 2024.pdfSkillCertProExams
 
Market Signals – Global Job Market Trends – April 2024 summarized!
Market Signals – Global Job Market Trends – April 2024 summarized!Market Signals – Global Job Market Trends – April 2024 summarized!
Market Signals – Global Job Market Trends – April 2024 summarized!Career Angels
 
Effective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelEffective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelSaira Khalid
 
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...Saira Khalid
 
Describing major approaches to job design
Describing major approaches to job designDescribing major approaches to job design
Describing major approaches to job designDr. P. WIlliam
 
Recruit Like A Pro: Dives Deep into the world of Data-Driven Recruitment
Recruit Like A Pro:  Dives Deep into the world of Data-Driven RecruitmentRecruit Like A Pro:  Dives Deep into the world of Data-Driven Recruitment
Recruit Like A Pro: Dives Deep into the world of Data-Driven RecruitmentJasper Colin
 

Recently uploaded (12)

From Awareness to Action: An HR Guide to Making Accessibility Accessible
From Awareness to Action:  An HR Guide to Making Accessibility AccessibleFrom Awareness to Action:  An HR Guide to Making Accessibility Accessible
From Awareness to Action: An HR Guide to Making Accessibility Accessible
 
CI or FS Poly Cleared Job Fair Handbook | May 22
CI or FS Poly Cleared Job Fair Handbook | May 22CI or FS Poly Cleared Job Fair Handbook | May 22
CI or FS Poly Cleared Job Fair Handbook | May 22
 
Data Security Matters: Ensure Confidentiality with Human Resources Management...
Data Security Matters: Ensure Confidentiality with Human Resources Management...Data Security Matters: Ensure Confidentiality with Human Resources Management...
Data Security Matters: Ensure Confidentiality with Human Resources Management...
 
Truck Driver Recruiting Deck 2023 MASTER.pptx
Truck Driver Recruiting Deck  2023 MASTER.pptxTruck Driver Recruiting Deck  2023 MASTER.pptx
Truck Driver Recruiting Deck 2023 MASTER.pptx
 
AI+Labor Markets Presentation to CSM-16-may-2024
AI+Labor Markets Presentation to CSM-16-may-2024AI+Labor Markets Presentation to CSM-16-may-2024
AI+Labor Markets Presentation to CSM-16-may-2024
 
Webinar - How to Implement a Data-Driven Compensation Strategy
Webinar - How to Implement a Data-Driven Compensation StrategyWebinar - How to Implement a Data-Driven Compensation Strategy
Webinar - How to Implement a Data-Driven Compensation Strategy
 
Databricks Data Analyst Associate Exam Dumps 2024.pdf
Databricks Data Analyst Associate Exam Dumps 2024.pdfDatabricks Data Analyst Associate Exam Dumps 2024.pdf
Databricks Data Analyst Associate Exam Dumps 2024.pdf
 
Market Signals – Global Job Market Trends – April 2024 summarized!
Market Signals – Global Job Market Trends – April 2024 summarized!Market Signals – Global Job Market Trends – April 2024 summarized!
Market Signals – Global Job Market Trends – April 2024 summarized!
 
Effective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelEffective Project Team Structure Template Excel
Effective Project Team Structure Template Excel
 
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...
6 Common Mistakes to Avoid When Creating a Performance Appraisal Dashboard in...
 
Describing major approaches to job design
Describing major approaches to job designDescribing major approaches to job design
Describing major approaches to job design
 
Recruit Like A Pro: Dives Deep into the world of Data-Driven Recruitment
Recruit Like A Pro:  Dives Deep into the world of Data-Driven RecruitmentRecruit Like A Pro:  Dives Deep into the world of Data-Driven Recruitment
Recruit Like A Pro: Dives Deep into the world of Data-Driven Recruitment
 

HR In The Trump Era

  • 1. H R I N T H E T R U M P E R A : I M PA C T O N P O L I C Y Last month, we asked nearly 2,000 HR executives about the impacts of the US presidential election on employers. I N V E S T M E N T S P O T E N T I A L P O S I T I V E S Tax reform/cuts - Infrastructure spending - Regulatory relief P O T E N T I A L N E G AT I V E S Constrained trade policy - Restricted immigration - Policy uncertainty W I L D C A R D S Federal Reserve policy - Business investment/ productivity growth - Financial market impact - Global shift toward populism/protectionism Mercer poll: Do you anticipate changing your defined benefit plan investment strategy in 2017? Yes, plan to increase fixed income or take other steps to de-risk NoYes, plan to increase equity exposure to increase expected returns Yes, plan to increase alternative investments 16% 4% 7% 69%
  • 2. R E T I R E M E N T P L A N S We believe the most significant retirement changes are likely to come from Congress and the States. Mercer poll: How would a lifetime income safe harbor affect your defined contribution plan design? It will: I will likely add a lifetime income option Not sureI’m exploring adding lifetime income option I’m taking no action 30% 16% 48%6% H E A LT H A N D B E N E F I T S Employers should consider whether key elements of US health reform will remain, and how that will affect them. Mercer poll: Do you currently satisfy the 30-hour ACA rule? Comprehensive financial wellness programs help employees with assets, liabilities, income and expenses, and insurance and protection. Yes, and will most likely continue to set eligibility at 30 hours (or below) even if the employer mandate is repealed Not sureYes, but will most likely increase hours for eligibility if the employer mandate is repealed No, we’ve chosen to pay the employer mandate assessment 18% 0% 6%75% CONSUMER FINANCE PROTECTION BUREAU’S FOUR ELEMENTS OF INDIVIDUAL FINANCIAL WELLNESS Participant enters workforce Life event occurs and an intervention is needed Phase of employment changes (e.g., nearing retirement, leaving company) Participant enters retirement, drawdown phase F I N A N C I A L W E L L N E S S N E E D S Have control over day-to-day, month-to-month finances Have the capacity to absorb a financial shock Are on track to meet financial goals Have financial freedom to make choices to enjoy life
  • 3. 22266b-MG TA L E N T A N D R E W A R D S THREE STEPS TO ENSURING PAY EQUITY Mercer poll: Is your organization planning on taking action on pay equity in 2017? 1. Assess pay equity on a regular basis 2. Group employees into meaningful pools for comparison purposes 3. Designate a team that assesses pay equity and implements a formal remediation process Yes Not sureNo 22%30% 48% E X E C U T I V E R E W A R D S The President-elect’s position on executive pay is uncertain. Employers should take steps to prepare for pay ratio rule 2018 effective date and monitor investor and proxy adviser voting policies on executive pay and governance. Mercer poll: Will your company continue to prepare for the pay ratio rule effective in 2018? Yes Not sureNo 10%35% 54% Email selectintel@mercer.com for a replay of the webinar. Learn more at http://bit.ly/tryMSI