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 PartnersUnderstand 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 analysisWhat are your organizations strengths, weaknesses, opportunities and threats relative to the changes now that President Trump has taken office?
9 Identify by Industry Goods Produced Natural Resources ConstructionManufacturing Service Retail Restaurant Trade/Transportation/Warehousing Utilities Information Financial Real Estate Professional/Business Services Education/Health Leisure/Hospitality Non-profit Other
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 Affordable Care Act Cabinet picksChanges in Federal Regulations Civil Rights Dodd-Frank Act Drugs Education Energy Initiatives Equal Opportunity Environmental Protections Federal Funding Job Growth Military New Construction Initiatives Overtime Rule - small business exemption Stressed worker/productivity Issues Supreme Court Justice Appointment
18 Discussion-Activity Refer to transition document
19 Strategic OpportunitiesWhether 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.