article “Trump’s e-commerce push would mean 25% lower prices, 300K jobs lost
for Canada: study” Erica Alini, National Online Journalist, Money/Consumer for
the globe and mail explains how Trumps new push for e-commerce is going to put
retail employees in Canada out of their jobs. Trump administration is pushing
for Ottawa to lift the value of goods that Canadians can purchase without
paying import taxes and duties to almost $1000 instead of the current $20.
Although this would save Canadians 25% when buying online from the states, it
could result in a loss of 300,000 retail jobs in Canada. The Human Resources
department at The Hudson Bay Company may need to develop a termination strategy
or train employees to work in different areas of the business such as delivery
drivers, shelf stalkers, technical or customer service support. (Alini, 2018)
Trump’s administration’s push for this lift of value of goods, Hudson’s Bay
Company could see a major loss in employment due to corporate suffering. A
large competition could take place for Canadian companies as they will be
required to raise prices to compete with companies over the border, especially
for Canadian cities close to the border such as Kingston, Toronto and St.
Catherine’s. Ultimately, the concern brought from Erica Alini’s article will
force The Hudson’s Bay Company to follow a strategy of tendering to a more
online based business approach.
With Ontario’s new minimum wage increase from $11.60
to $14.00 per hour, The Hudson’s Bay Company will start facing a multitude of
business challenges. Research shows that businesses across Ontario will have a
hard time absorbing the costs of the increase as well as a possible job loss of
around 50,000. The Hudson’s Bay Human Resources department, will be the
deciding factor in whether or not they will develop a competitive advantage
over other retailers in Ontario. This will allow them to thrive in their
compensation strategy to hire the top employees for the job, while compensating
employees who already make above minimum wage (News, B. 2017).