TOP Event/Session

Tax Overhaul Implications

2018/02/09

Since the enactment of the Corporate Tax, 70+ major U.S companies have announced either pay raises, bonuses, enhanced benefits, or more hiring. The largest private employer in the US, Walmart announced it will raise the minimum wage it pays employees to $11 an hour (Prev: $9/hour), as well as providing hourly employees discretional bonuses ranging from $200 to $1000.
However, these major companies represent a small proportion of the many publicly traded corporations within the US which may not indulge in this trickling down process. Many firms seem to be planning to use these assets to alleviate debt and reward shareholders. Some experts conversely point to the strong labor market within the US as a key factor to the sudden announcements and renewed focus on employee benefits and pay, as employers search for means to retain employees and attract talent.