The Josh Bersin Company
The Impact Of "Tariff Liberation Day" on Human Resources
Apr 4, 2025
Explore the recent economic shifts brought by new tariffs and their complex impact on HR. Delve into the dynamics of relocating manufacturing jobs and the contrasting needs of low-wage versus tech positions. Discover how talent management tools can enhance internal mobility and support employee development. Learn about the essential role of HR in navigating economic uncertainties and the integration of AI in recruitment. Plus, get excited about upcoming conferences with fresh insights into the future of HR!
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Quick takeaways
- The introduction of reciprocal tariffs has created complex challenges for companies regarding manufacturing location decisions and cost management.
- Effective talent intelligence and the adoption of AI are crucial for HR departments to adapt and maintain operational efficiency amidst economic changes.
Deep dives
Impact of Tariff Regime on Global Business
The recent introduction of reciprocal tariffs has created significant uncertainty for global businesses, particularly those manufacturing and selling products outside the U.S. Employers face higher costs when selling into the U.S. market, especially if their manufacturing is based in countries like Thailand or Vietnam. This tariff strategy complicates decision-making for companies considering relocating manufacturing back to the U.S., where costs related to labor, technology, and compliance are notably higher. Additionally, nations like China and countries in Europe are contemplating their own tariffs on U.S. services, further intensifying the complexities companies face in a global landscape.
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