Strategies for HR Professionals Post-Election: Initiatives for Business Impact

1. “Post-election strategies HR Professionals can initiate without waiting for the C-Suite invitation.” Sponsored by SCHRMA

2. Program Goals • Identifying difference between Tactical and Strategic HR initiatives; • Gain insight into the many changes President Trump is expected to make during his term of office; • Indentify Business Impact; • Identify HR Opportunities to offer Strategic and Tactical Support

3. Strategic • A strategic plan is a course of action to achieve long-range goals, generally up to five years. • Strategic plans reflect the company’s direction and its purpose as stated in its mission statement. • In order to develop strategic plans, top management must develop and use summary reports on finances, operations and the external environment.

4. Tactical • A tactical plan is a course of action to achieve short-term goals, generally within a year or less; • Tactical plans represent the short-term efforts to achieve the strategic, longer-term goals; • They are concerned with the who, what, when where and how; • They have shorter time frames and narrower scopes than the strategic plans; and • More day-to-day.

5. It’s a Partnership • While strategic plans drive tactical plans; • There can be no success without tactical action

6. What do Strategic Partners Look like? • Problem Solvers; • React quickly to change; • Conduct survey and research data; • Develop new and more effective programs; • Conduct employee attitude surveys to identify opportunities for improvement; • Conduct analysis of in-house training; employee retention etc.; • Conduct analysis of Impact of organization as it relates to regulation changes; and • Defining long-term goals

7. Strategic Partners are Business Partners • Understand the business and financial model; • Know what drives the success of the business; • Understand the business metrics; • Identify the skills/abilities and top talent needed; • Conduct SWOT analysis; • Assist in the design of an organization that delivers outstanding results

8. Post Election Action • Conduct a SWOT analysis • What are your organizations strengths, weaknesses, opportunities and threats relative to the changes now that President Trump has taken office?

9. Identify by Industry Information Financial Real Estate Professional/Business Services Education/Health Leisure/Hospitality Non-profit Other • Goods Produced • Natural Resources • Construction • Manufacturing • Service • Retail • Restaurant • Trade/Transportation/Warehousing • Utilities

10. Winners • Transportation; • Employers (Excise Tax removed); Employer/Employee mandates; revise definition of full time; small business exemption from OT. Business rates lowered from 35% to 15%; American corporate money overseas can now to returned to US at 10% rate; • Employees: Allowed full deduction of Health Insurance premiums; paid parental leave – 6 weeks ; Affordable Child /Elder Care, on-site care, savings accounts; tax free child/dependent care; • Licensed on-site child care centers

11. Winners (continued) • Energy: Oil drillers. Gas pipelines. Coal; lifts restriction of production of American energy reserves; allow Keystone Pipeline; • The Defense Industry and Military – Rebuild military bases; • Veterans - Provide Veterans with the ability to receive public VA treatment or attend the private doctor of their choice

12. Winners (continued) • Banks; Eliminate Dodd-Frank Act • “Some” Pharmaceuticals; cut red tape at the FDA, speed up approval of life-saving drugs; • Construction; boost infrastructure spending, lower costs due to regulation reductions • Industrial equipment; • Cyber Security Organizations; • Employers with repatriation opportunities; companies with large overseas cash holdings; • Non-public schools -private, charter, magnet, religious or home school students

13. Winners • Labor: Employers required to disclose when they hire a consultant to help them battle or bargain with unions; end Off Shoring Act to discourage companies from laying off workers to relocate work to other countries; Identify and eliminate all foreign trading abuses that unfairly impact American Workers • 2 and 4 year Colleges – expands vocational and technical education, may be more affordable • Agricultural and Manufacturing Industries – deregulate FDA; • Environment - fix America’s water and environmental infrastructure;

14. Losers • Employees – Increases in hostile work environment complaints, sexual and racial discrimination, wrongful discharge; • Employers – Costs of Parental Leave, Child/Elder Care costs, On-site Care, loss of “undocumented employees”, canceled visa's, increased enforcement in the number of enforcement officers/I-9 audits ; H-1B visa revisions; cyber security policies; TN Classification status (Canada and Mexico), ban on countries hit by terrorists, business travel; • Foreign trade; • Women, Native Americans and other minorities and LGBT, or GLBT, (lesbian, gay, bisexual, and transgender) communities; • Illegal Aliens; and • Individuals protected under DACA with expired work permits

15. Losers (continued) • Health Information Technology companies; • Recipients of Obama Care; • Public School Systems; • Environment - cancel billions in payments to U.N. climate change programs; and • Federal Employees – Freeze hiring

16. Banking “In the area of financial sector regulation, temporarily suspension of all new regulation and elimination of the Dodd-Frank Act. • A reduction in regulatory compliance costs would bolster bank earnings, reduced oversight; • A roll-back of requirements would also result in a weakening of the banks’ capital and liquidity positions, a negative from a credit perspective.”

17. Identify by Category Federal Funding Job Growth Military New Construction Initiatives Overtime Rule - small business exemption Stressed worker/productivity Issues Supreme Court Justice Appointment • Affordable Care Act • Cabinet picks • Changes in Federal Regulations • Civil Rights • Dodd-Frank Act • Drugs • Education • Energy Initiatives • Equal Opportunity • Environmental Protections

18. Discussion-Activity • Refer to transition document

19. Strategic Opportunities • Whether we see the many potential changes as positive or negative they offer HR professionals the OPPORTUNITY to play both a tactical and significant strategic role.