WASHINGTON, DC--(Marketwired - November 09, 2016) - Cara Woodson Welch, vice president of external affairs and practice leadership at WorldatWork, a nonprofit human resources association, issued the following statement on the 2016 presidential election and its effect on total rewards professionals:
"WorldatWork offers its congratulations to President-elect Donald Trump. Now that the election results are final, it's time for our leaders in Washington, D.C. to focus on governing and improving our economy. There are numerous important issues pending, including those that will affect HR and total rewards professionals. WorldatWork urges our elected leaders to come together to focus on policy solutions that will benefit employees and employers alike.
"Earlier this fall, we sent a letter to then-candidate Trump and Hillary Clinton outlining the issues that our members would like to see addressed by the next president, including repealing the automatic updates to the new Fair Labor Standards Act overtime-pay regulations; support of legislation to simplify the patchwork of complicated nonresident state income-tax laws; the repeal of the 40% excise tax on employer-sponsored health-care plans (the Cadillac Tax); affordable child-care and dependent-care programs for employees; and accuracy and fairness in executive compensation through the repeal of the CEO pay-ratio requirement. These issues affect millions of working Americans and their employers. President-elect Trump has called for the nation to work together for strong national growth and to renew the American dream, and that starts with a strong and empowered workforce.
"WorldatWork looks forward to working with President-elect Trump, his administration and policymakers in Congress from both parties as they begin to work on addressing so many crucial workplace issues. We stand ready to provide research, data and expertise to join the national dialogue to help policymakers enact policies that limit unintended consequences and instead truly benefit employees, employers and our national economy."
The Total Rewards Association
WorldatWork is a nonprofit human resources association and compensation authority for professionals and organizations focused on compensation, benefits and total rewards. It's our mission to empower professionals to become masters in their fields. We do so by providing thought leadership in total rewards disciplines from the world's most respected experts; ensuring access to timely, relevant content; and fostering an active community of total rewards practitioners and leaders.
WorldatWork has more than 70,000 members and subscribers worldwide; more than 80% of Fortune 500 companies employ a WorldatWork member. Founded in 1955, WorldatWork has offices in Scottsdale, Ariz., and Washington, D.C., and is affiliated with more than 70 human resources associations around the world.