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employer mandate is repealed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mandate is repealed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