The Josh Bersin Company The Impact Of "Tariff Liberation Day" on Human Resources
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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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Impact of New Tariffs
- The US launched reciprocal tariffs on many countries, impacting global businesses.
- This creates uncertainty for globally operating companies, especially regarding manufacturing and sales strategies.
Manufacturing Complexity
- Moving manufacturing to the US isn't simple due to complex skill requirements and labor constraints.
- It involves more than just assembly jobs; technical expertise and higher wages are crucial.
Talent Intelligence Crucial
- HR needs strong talent intelligence, using data to understand skill needs and ideal locations.
- Leverage labor market data, skills data, and job data to make informed decisions.