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Changes to Expect During Trump’s Presidency

With the 45th president now in office, many changes are expected, but how will those changes affect the workplace? How will new Executive legislation impact the way business is run overall?

If you are in the business of major international trade agreements, there is a possibility that new legislation is likely to make an impact. New provisions could be set in place to incentivize location of facilities to the homeland. Therefore, evaluate international business practices and have an understanding of what may come in future years.

Tax reform also remains to be a topic of speculative change as the new president comes into office. While immediate change is not anticipated due to Congress’ involvement, a vocal want by the new President for a sweep of tax reforms, that may benefit corporations, is likely to be on the first year’s agenda. Any tax reform would change the way business is run and should stay at the forefront of manager’s minds.

Finally, one of the most publicized topics during the campaign trail regarding immigration reform will affect businesses that rely heavily on Immigrant Americans. Considering a portion of American workers rely on Executive Actions like the Deferred Action for Childhood Arrivals (DACA) for legal status, the implication of managers for those workers could be detrimental to the business and therefore, should prepare for change.

Just like any shift in office, change is inevitable. It is best to keep an eye on what will be affecting the business you work in and set a plan to combat any detrimental hits or take advantage of financial incentives that could influence the business.

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